Affordable Housing Restrictive Covenant definition

Affordable Housing Restrictive Covenant means generally, the covenant restricting the use and resale of each Affordable Housing Unit which will be recorded against each Affordable Housing Unit upon the respective Initial Sale in accordance with Section
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Affordable Housing Restrictive Covenant means the Declaration of Restrictive Covenants, to be executed by Xxxxxxxx and recorded against the Project.
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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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Examples of Affordable Housing Restrictive Covenant in a sentence

  • If the project includes affordable housing, the successful proposer must commit to execute a 40‐year Affordable Housing Restrictive Covenant (example attached to this RFP as Exhibit B).

  • On or before the closing for the Initial Sale of each Affordable Housing Unit, Developer shall record the Affordable Housing Restrictive Covenant against the Housing Parcel on which such unit exists.

  • This Board further authorizes the County Mayor or County Mayor’s designee to execute the Affordable Housing Restrictive Covenant, in substantially the form attached hereto and made a part hereof as Exhibit “D”.

  • If the LURA is terminated prior to the expiration of the Qualified Project Period, then the requirements of this Article V and the Affordable Housing Restrictive Covenant will continue in full force and effect in accordance with their original terms until the expiration of the Qualified Project Period.

  • This Affordable Housing Restrictive Covenant and Agreement (“Covenant”) dated this day of , 2018, is entered into between the City of Federal Way (the “City”), a Washington State Municipality and Blue Fern Development, LLC, a Washington limited liability company (“Owner”) of the property known as Creekside Commons.

  • New developments in the program include a high school program and summer camp training opportunities.

  • Compliance Certificate: A certificate issued by the Department stating that the proposed conveyance, sale or transfer of the property to the selected purchaser is in compliance with the rights, restrictions, covenants, and agreements contained in the Affordable Housing Restrictive Covenant running with the land.

  • On‌ or before the closing for the Initial Sale of each Affordable Housing Unit, Developer shall record the Affordable Housing Restrictive Covenant against the Housing Parcel on which such unit exists.

  • This is Exhibit B of the Affordable Housing Restrictive Covenant and should be filled out and signed by the purchaser along with the purchase contract.Upon executing a contract for an affordable unit, please forward the signed contract, rider and Homeowner Acknowledgment of Affordability Requirements to Teresa Lambarry.

  • As at March 31, 2022As at March 31, 2021 125.01 31.97147.35---For the year ended March 31, 2022For the year ended March 31, 2021 139.77 355.2726.1718.28208.96204.66134.62131.77The Company has taken office premises, warehouses and vehicles on leases.

Related to Affordable Housing Restrictive Covenant

  • Restrictive Covenant Agreements has the meaning set forth in the Recitals.

  • Restrictive Covenant Agreement means any agreement, and any attachments or schedules thereto, entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation and/or confidentiality, in order to protect the business of the Partnership and its Affiliates.

  • Restrictive Covenant has the meaning set forth in Section 6(c).

  • Restrictive Covenants means the restrictive covenants contained in Section 13(c) hereof.

  • Restrictive Covenant Violation means the Participant’s breach of the Restrictive Covenants listed on Appendix A or any covenant regarding confidentiality, competitive activity, solicitation of the Company’s vendors, suppliers, customers, or employees, or any similar provision applicable to or agreed to by the Participant.

  • 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 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 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.

  • restrictive condition means any condition registered against the title deed of land restricting the use, development or subdivision of the land concerned:

  • Affirmative Covenants The following affirmative covenants, among others, if any, to be negotiated in the Senior Facilities Documentation, will apply (to be applicable to the Borrower and its restricted subsidiaries), subject to customary (consistent with the Documentation Precedent) and other baskets, exceptions and qualifications to be agreed upon: maintenance of corporate existence and rights; performance and payment of obligations; delivery of annual and quarterly consolidated financial statements (accompanied by customary management discussion and analysis and (annually) by an audit opinion from nationally recognized auditors that is not subject to any qualification as to scope of such audit or going concern) (other than solely with respect to, or resulting solely from an upcoming maturity date under any series of indebtedness occurring within one year from the time such opinion is delivered) (with extended time periods to be agreed for delivery of the first annual and certain quarterly financial statements to be delivered after the Closing Date) and an annual budget (it being understood that the public REIT reporting that includes the Borrower shall satisfy the Borrower’s reporting obligations so long as it includes a consolidating income statement and balance sheet for the Borrower); delivery of notices of default and material adverse litigation, ERISA events and material adverse change; maintenance of properties in good working order; maintenance of books and records; maintenance of customary insurance; commercially reasonable efforts to maintain ratings (but not a specific rating); compliance with laws; inspection of books and properties; environmental; additional guarantors and additional collateral (subject to limitations set forth under the captions “Guarantees” and “Security”); further assurances in respect of collateral matters; use of proceeds; and payment of taxes.

  • Restrictive Agreements as defined in subsection 3.3(a).

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

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Substantial and Compelling Reason in the Public Interest means a reason that is justified by an important, specific, and articulated public interest goal that is within ICANN's mission and consistent with a balanced application of ICANN's core values as defined in ICANN's Bylaws.

  • Affordable Housing Cost means an amount satisfied by:

  • Restrictive Agreement an agreement (other than a Loan Document) that conditions or restricts the right of any Borrower, Subsidiary or other Obligor to incur or repay Borrowed Money, to grant Liens on any assets, to declare or make Distributions, to modify, extend or renew any agreement evidencing Borrowed Money, or to repay any intercompany Debt.

  • Affordable housing means, unless the context clearly

  • Non-Competition Agreements has the meaning set out in Section 7.1.1.7;

  • Noncompetition Agreements as defined in Section 2.4(a)(iv).

  • Covenant not to compete means an agreement:

  • Employment Agreements has the meaning set forth in Section 7.05.

  • Exclusivity Agreement , in relation to land, means an agreement, by the owner or a lessee of the land, not to permit any person (other than the persons identified in the agreement) to construct a solar pv station on the land;”;

  • Least restrictive alternative means the treatment and conditions of treatment which, separately and in combination, are no more intrusive or restrictive of freedom than reasonably necessary to achieve a substantial therapeutic benefit to the minor, or to protect the minor or others from physical injury;