Affordable Rental Units definition

Affordable Rental Units means the number of units contained in the mortgaged property and contained in the agreement for covenants and restrictions that are occupied by low- and moderate-income persons or households at any given time. The number of affordable rental units (in the appropriate number as described later in these guidelines under the CDBG National Objective criteria) are to be retained at all times as affordable rental units throughout the period of affordability through income limitations of the tenants occupying those units and through rent limitations for the tenants occupying those units.

Affordable Rental Units means those units contained on the Property that are occupied by Low-and-Moderate Income Families at any given time. The Grantor is not required to designate specific units as Affordable Rental Units but must meet the requirements of Section 2 hereof at all times during the Term of Affordability.

Affordable Rental Units means the 38 dwelling units in the Housing Project that are to be used and occupied as rental housing in accordance with sections

Examples of Affordable Rental Units in a sentence

• Prices of Affordable Homeownership Units are properly computed; rental amounts of Affordable Rental Units are properly computed; 2.

• A description of the Affordable Homeownership Unit, if any, by address and number of bedrooms; and a description of the overall quantity and number of bedrooms and number of bedroom types of Affordable Rental Units in a Project or portion of a Project which are rental.

• Such payment shall not exceed one-half (1/2%) percent of the amount of rents of Affordable Rental Units (payable annually) or one (1%) percent of the sale or resale prices of Affordable Homeownership Units (payable upon each such sale or resale), as applicable.

• Kiwanis will ensure that occupants of Affordable Rental Units in the Development will have access to and use of all common indoor and outdoor facilities and amenities located in the Development from time to time, except for access to and use of the Adult Day Care Facility.

• The City has established the following ten goals: Expand Homeownership Opportunities; Increase Affordable Homeownership Units; Increase Affordable Rental Units; Improve Existing Owner Occupied Housing; Improve Streets, Sidewalks and Public Facilities; Improve Parks and Recreational Facilities; Reduce and Prevent Crime; Provide Recreation and Education Opportunities; Increase Jobs through Economic Development; and Reduce Blighted Conditions.

More Definitions of Affordable Rental Units

Affordable Rental Units means: 1. the Kingfield Road Affordable Rental Units; and 2. the Xxxxx Road Residential Units (totalling 313 units) constructed or to be constructed on the Kingfield Road Residential Land in accordance with the Kingfield Road Planning Permission and the Xxxxx Road Site in accordance with the Xxxxx Road Planning Permission and shown on Plan 5 and Plan 6 respectively (and “Affordable Rental Unit” shall be construed accordingly);

Affordable Rental Units means Residential Units developed within the boundaries of the EIFD that are restricted for occupancy by Eligible Households at Affordable Rents pursuant to a recorded Rent Regulatory Agreement.

Affordable Rental Units means the 55 self-contained Dwelling Units within the Lands that are only to be used and occupied in accordance with Part 2.0 of this Agreement and “Affordable Rental Unit” shall mean each of the Affordable Rental Units.

Affordable Rental Units are defined in Recital D.

Affordable Rental Units means any of the ninety three (93) rental Low Income and Very Low Income Units to be developed as described in Section 7.13 of this Agreement.

Affordable Rental Units means any Units that may be rented out by the

Affordable Rental Units means the Dwelling Units within the Development that are to be used and occupied in accordance with the Housing Agreement;