Affordable Housing Requirements definition

Affordable Housing Requirements means the requirements set forth in Section 3.03 herein with respect to the Workforce/Affordable Housing Units comprising part of the Project.
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Affordable Housing Requirements has the meaning provided in Schedule P attached hereto.
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Affordable Housing Requirements has the meaning ascribed to it in Section 5.1. “AMI” has the meaning ascribed to it in Section 5.1.1.
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Examples of Affordable Housing Requirements in a sentence

  • The Company agrees that the County and its authorized agents shall have the right at all reasonable times and upon prior reasonable notice to enter upon and examine and inspect the Project; provided, however, that the County shall not have the right to enter any tenant’s unit to determine whether the Company is in compliance with the Affordable Housing Requirements.

  • The Company agrees that the Project shall at all times be operated in a manner which complies with the Affordable Housing Requirements.

  • The Affordable Housing Requirements are part of this Agreement, and the failure by Owner to comply with same shall be an Event of Default under this Agreement.

  • The provisions of this Agreement in favor of ACC that are intended to survive expiration or termination shall so survive, such provisions including, without limitation, Owner’s Affordable Housing Requirements, and those contained in Article X hereof, regarding indemnification.

  • The Affordable Housing Requirements shall terminate with respect to each such Phase of the Project, respectively, upon conclusion of the Affordable Housing Compliance Period for such Phase as set forth in the applicable XXXX.

  • Failure to continuously satisfy the Affordable Housing Requirements results in prospective (and retroactive if applicable) loss of the Special Source Credits.

  • Activities during this close-out period shall include providing documentation that the rental of the units is in accordance with Exhibit D, Affordable Housing Requirements and Income Limits.

  • Failure to continuously satisfy the Affordable Housing Requirements results in retroactive and prospective loss of the Special Source Credits.

  • ACC has found and determined, and does hereby find and determine, that the Affordable Housing Requirements (defined below) set forth in this Agreement, under the facts and circumstances, materially comply with the affordable housing goals and priorities set forth in the Redevelopment Plan, as a result of the Owner’s agreement to parameters summarized as 10% of Multifamily Units at 60% of AMI for 20 years.

  • ACC has found and determined, and does hereby find and determines, that the Affordable Housing Requirements (defined below) set forth in this Agreement, under the facts and circumstances, materially comply with the affordable housing goals and priorities set forth in the Redevelopment Plan, as a result of the Owner’s agreement to extend the affordable housing period to 40 years; thereby, exceeding the term set forth in Chapter 9-27 of ACC’s Code of Ordinances (Inclusionary Zoning – Rentals).


More Definitions of Affordable Housing Requirements

Affordable Housing Requirements means any Laws or private covenants, conditions and restrictions which require any residential dwelling units at any Property to be made available as affordable housing units, low income housing units or moderate income housing units or similar designation.
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Affordable Housing Requirements has the meaning set forth in Section 11.3. “Affordable Housing Restrictive Covenant” has the meaning set forth in Section 11.3. “Affordable Units” has the meaning set forth in Section 11.3.
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Affordable Housing Requirements has the meaning set forth in Section 9.1(a).
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Related to Affordable Housing Requirements

  • Affordable housing means housing that is available at a cost low enough to meet the needs of eligible households having regard to local incomes and local house prices and which will remain at an affordable price for future eligible households or, if not, that the subsidy is recycled for alternative affordable housing provision

  • Affordable Housing Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60 percent of area median income, as median income was most recently determined by the United States Department of Housing and Urban Development for the Minneapolis- St. Paul- Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • Affordable housing program(s means any mechanism in a municipal Fair Share Plan prepared or implemented to address a municipality’s fair share obligation.

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the Development in accordance with the application and/or any subsequent reserved matters approval.

  • Affordable Housing Cost means an amount satisfied by:

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Affordable means, a sales price or rent level that is within the means of a low- or moderate- income household as defined within N.J.A.C. 5:93-7.4, and, in the case of an ownership unit, that the sales price for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.6, as may be amended and supplemented, and, in the case of a rental unit, that the rent for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.12, as may be amended and supplemented.

  • Governmental Real Property Disclosure Requirements means any Requirement of Law of any Governmental Authority requiring notification of the buyer, lessee, mortgagee, assignee or other transferee of any Real Property, facility, establishment or business, or notification, registration or filing to or with any Governmental Authority, in connection with the sale, lease, mortgage, assignment or other transfer (including any transfer of control) of any Real Property, facility, establishment or business, of the actual or threatened presence or Release in or into the Environment, or the use, disposal or handling of Hazardous Material on, at, under or near the Real Property, facility, establishment or business to be sold, leased, mortgaged, assigned or transferred.

  • Monitoring and reporting requirements means one or more of

  • Listing Requirements means the Main Market Listing Requirements of Bursa Securities.

  • Fair Housing Act means the Fair Housing Act, as amended.

  • Risk Retention Requirements means the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11), as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Insurance Requirements means all terms of any insurance policy required by this Agreement and all requirements of the issuer of any such policy and all orders, rules and regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon Landlord, Tenant or the Leased Property.

  • Reporting Requirements As defined in Section 11.12.

  • MREL Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities applicable to the Issuer and/or the Group, from time to time, (including any applicable transitional or grandfathering provisions), including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities adopted by the Federal Republic of Germany or the Republic of Italy, a relevant resolution authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.

  • Program Requirements means that Partner has to fulfill certain program requirements as described in detail in the applicable SAP PartnerEdge Model and the PartnerEdge Program Guide.

  • Affordable Units means units that have rents that do not

  • Monitoring Requirements Schedule means the Schedule containing details of the monitoring arrangements.

  • Multifamily housing means housing accommodations designed as a residence for more than 1 family.

  • Affordable Unit means a housing unit proposed or created pursuant to the Act and approved for crediting by the Court and/or funded through an affordable housing trust fund.

  • Insurance Affordability Program means a program that is one of the following:

  • Regulatory Flood Protection Elevation means the “Base Flood Elevation” plus the “Freeboard”. In “Special Flood Hazard Areas” where Base Flood Elevations (BFEs) have been determined, this elevation shall be the BFE plus two (2) feet of freeboard. In “Special Flood Hazard Areas” where no BFE has been established, this elevation shall be at least two (2) feet above the highest adjacent grade.

  • Affordable development means a housing development all or a portion of which consists of restricted units.

  • Housing assistance means appropriate referrals by the