Affordable Owner definition

Affordable Owner means an Eligible Purchaser who has purchased an Affordable Unit.
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Affordable Owner means Park & Market Development Partners, L.P., a Delaware limited partnership registered in California and its successors and assigns.
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Affordable Owner means, in respect of such transfer described in Section 6.03 of the Loan Agreement, Scripps AU Owner, L.P., a California limited partnership.
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Examples of Affordable Owner in a sentence

  • Notwithstanding the foregoing, this Covenant may be amended, terminated and/ or released in whole or in part by Declarant in writing at any time, without notice to the Developer, any Affordable Owner, or Transferee.

  • An Affordable Owner may submit Capital Improvement Claims to DHCD to obtain credit for capital improvements made to an Affordable Unit owned by the Affordable Owner.

  • Upon receipt of such notice, Declarant or its assignee may elect to purchase such Affordable Unit, in which case upon such election the Affordable Owner and Mortgagee shall have the obligation to sell the Affordable Unit for an amount equal to the Maximum Resale Price as of the date of the Foreclosure Notice (the “Option to Purchase”), with no obligation upon Declarant to exercise the same.

  • The Affordable Owner shall permit a representative of DHCD to inspect the Affordable Unit upon request to verify the existence and value of any capital improvements claimed under a Capital Improvement Claim.

  • All Affordable Units in the Project shall be sold or leased in accordance with the terms of this Covenant for the “Affordability Period.” If the Affordable Development contains For Sale Affordable Units, the “Affordability Period” for each For Sale Affordable Unit shall begin on the date of the sale to the initial Affordable Owner and continue for a period of fifteen (15) years.

  • In performing its duties and obligations hereunder, the Issuer may rely upon statements and certificates of the Affordable Owner and the Very Low Income Tenants, and upon audits of the books and records of the Owner pertaining to the Project.

  • Xxxxxx Executive Director [Signatures continue on following page.] [Issuer Signature Page: Regulatory Agreement – Park & Market Apartments] Owner: Affordable Owner: Park & Market Development Partners, LP, a Delaware limited partnership By: AHA Park & Market MGP, LLC, a California limited liability company its Managing General Partner By: Affordable Housing Access, Inc., a California nonprofit public benefit corporation, its manager By: Xxxxxxx X.

  • The undersigned hereby certifies that the Affordable Owner is not in default under any of the terms and provisions of the above documents.

  • Developer or Affordable Owner shall follow the requirements of Article V of this Covenant and, provided that the Affordable Units remain for-sale, the rental provisions of this Covenant shall not be applicable to the Project.

  • Except to the extent specifically provided hereunder to the contrary, the Affordable Owner and the Market Rate Owner agree and acknowledge that they shall each be jointly and severally liable hereunder.


More Definitions of Affordable Owner

Affordable Owner means and refer to the family holding title to an Affordable Dwelling Unit.
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Related to Affordable Owner

  • 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.

  • 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.

  • 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 Care Act means, collectively, the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act of 2010.

  • Affordable Units means units that have rents that do not

  • Affordable Housing Cost means an amount satisfied by:

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

  • Affordable Rent means a rent which does not exceed eighty per centum (80%) of the market rent (inclusive of service charges) for an equivalent property of the relevant size and location such rent to be assessed and set in accordance with the applicable requirements of Legislation and of the Rent Standard;

  • 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.

  • FHLMC The Federal Home Loan Mortgage Corporation, or any successor thereto.

  • 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.

  • primary carer means the person who has responsibility for the care of the Child. Only one person can be the Child’s Primary Carer on a particular day.

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

  • Primary care-giver means a person who assumes the principal role of providing care and attention to a child.

  • Apartment owner means the person owning an apartment and an undivided interest in the common areas and facilities appurtenant to such apartment in the percentage specified in the conveyance deed of apartment;

  • Community rehabilitation program means a program that provides directly or facilitates the provision of one or more of the following vocational rehabilitation services to individuals with disabilities to enable those individuals to maximize their opportunities for employment, including career advancement:

  • Farmworker means Farmworker as defined in Section 420.503, F.S.

  • 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.

  • Health practitioner means a registered health practitioner registered or licensed as a health practitioner under an appropriate law of the State of Tasmania.

  • Primary caregiver or "caregiver" means a resident of the State

  • GNMA The Government National Mortgage Association, or any successor thereto.

  • Primary care giver" means a person who assumes the principal role of providing care and attention to a child.

  • Cooperative means a housing corporation or association which

  • Health care practitioner means an individual licensed