Affordable Price definition
Examples of Affordable Price in a sentence
The Affordable Price of the Home means the affordable price for a Very Low Income Home, Low Income Home, or Moderate Income Home, (as applicable, pursuant to the designation of the Home on page 1 of this Agreement), pursuant to Section Section 50093 of the California Health and Safety Code.
If the Owner sells to an Eligible Purchaser, the maximum sales price (the "Maximum Allowable Sales Price") that the Owner shall receive from the Eligible Purchaser for purchase of the Home shall be the greater of the Indexed Value or the Affordable Price, but in no event greater than the Unrestricted Fair Market Value.
If Customer fails to pay any amount due, TRNA may suspend all Services, subject to having provided Customer with ten (10) days’ prior notice.
The Affordable Price will almost certainly be less than other similar properties that have no restrictions.
Upon receipt of the Listing Notice, City shall have thirty (30) days to calculate the Affordable Price and notify Owner of the same.