Affordable Residential Unit definition

Affordable Residential Unit means a residential unit that meets the criteria set out in subsection 4.1(2) or 4.1(3) of the Act;
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Affordable Residential Unit means a residential unit that meets the criteria set out in subsection (2) or (3); (“unité d’habitation abordable”)
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Affordable Residential Unit means a residential unit that that meets the criteria set out in section 4.1 of the Act.
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Examples of Affordable Residential Unit in a sentence

  • On or before the ninetieth (90th) day prior to the expiration date of such lease, Owner shall designate the next available Residential Unit of comparable size within the Residential Project as a replacement For-Rent Affordable Residential Unit, using commercially reasonable efforts to match the distribution of For-Rent Affordable Residential Units and Market Rate Housing Units shown on Attachment A-l.

  • Owner shall keep the household that no longer qualifies for low-income housing reasonably informed of the Owner’s attempts to obtain a replacement For-Rent Affordable Residential Unit.

  • The lease term for each For-Rent Affordable Residential Unit shall be renewable annually only upon the completion of the Income Certification process described in Section 4.

  • Thereafter, the For-Rent Affordable Residential Unit shall be rented to a low-income household, subject to this Declaration, the Agreement and the Program.

  • The For-Rent Affordable Residential Units shall remain available at Affordable Rents for a continuous period of ninety (90) years after the initial lease of each For-Rent Affordable Residential Unit.

  • The lease term for each For-Rent Affordable Residential Unit and for each Market Rate Housing Unit offered for rent shall not exceed one (1) year.

  • Subject to any such consent, nothing in this Section 5 shall limit the requirements of the Affordable Housing Program that a Declaration of Restrictions for For-Rent Affordable Housing Units be recorded against each For- Rent Affordable Residential Unit, that each For-Sale Affordable Residential Unit be sold to qualified members of the public using an Affordable Housing Parcel Deed, together with a Declaration of Restrictions for For-Sale Affordable Residential Unit and Option to Purchase Agreement.

  • Owner shall then restrict the Rent on the replacement For-Rent Affordable Residential Unit to the level specified in Sections 3.2 and 3.3, the Residential Unit occupied by the household that no longer qualifies for low-income housing under this Declaration shall no longer be considered a For-Rent Affordable Residential Unit, and the household may execute a new lease on the Residential Unit at an unrestricted Rental Rate (i.e., such Residential Unit will be a Market Rate Housing Unit).

  • In addition to providing the number of on- site affordable units required in Section 23-4E-4050(B) (Affordable Residential Unit Requirement), an applicant must pay a bonus fee to the Housing Trust Fund that equals the non-residential bonus floor area multiplied by the non-residential bonus fee rate that is effective at the time the site plan for the proposed development is submitted.

  • However, if Owner is unable to designate a replacement For-Rent Affordable Residential Unit on or before the date specified, and the most recent Income Certification shows that the household no longer qualifies for low- income housing under this Declaration, then Owner shall not renew the household’s lease on the For-Rent Affordable Residential Unit.


More Definitions of Affordable Residential Unit

Affordable Residential Unit means a Dwelling Unit that meets the criteria set out in subsection 4.1 (2) or 4.1(3) of the Development Charges Act, 1997, c.27 as amended;
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Affordable Residential Unit means a residential unit that meets the criteria set out in subsection
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Affordable Residential Unit means a residential unit that meets the criteria set out in subsection 4.1 of the Development Charges Act, 1997;
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Affordable Residential Unit means a residential unit that meets the definition of an “affordable residential unit” as defined in the Development Charges Act, 1997.
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Related to Affordable Residential Unit

  • 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 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 Units means units that have rents that do not

  • 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.

  • Residential Unit means a home, apartment, residential condominium unit or mobile home, serving as the principal place of residence.

  • Affordable housing means, unless the context clearly

  • Residential care home or “RCH” means a residential care home as defined and licensed under the Residential Care Homes (Elderly Persons) Ordinance (Cap. 459), or as defined and issued with a licence or certificate of exemption under the Residential Care Homes (Persons with Disabilities) Ordinance (Cap. 613), or the boarding section of a special school subvented under the Education Bureau, or the residential facilities of the Skills Centre (Tuen Mun) of Vocational Training Council, or a nursing home as referred to in the Hospitals, Nursing Homes and Maternity Homes Registration Ordinance (Cap. 165) which provides residential services for persons aged 60 or above in Hong Kong.

  • 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 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;

  • Residential Lot means a lot, the use of which is limited by law, covenant,

  • Residential housing or "Residence" means a single-family, owner-occupied dwelling located within the State that qualifies for financing by the Authority within the meaning of the Act, the Rules and Regulations, the Code and related regulations.

  • Residential Zone means a zone earmarked for buildings exclusively designed for human habitation and in no case shall include its use in whole or a part thereof for any other purpose e.g commercial activities, school, institution, shop, office, clinic, beauty parlor, guest house, marriage center, gymnasium, tuition center, club activities, work-shop, store or godown etc. or for the purpose of political, religious and sectarian activities. It includes parks, gardens, play grounds, sector shops and other open spaces located in the area earmarked in the residential zone.

  • Non-Residential Property means all Assessor’s Parcels of Developed Property for which a building permit(s) was issued for a non-residential use.

  • Residential property means improved property that:-

  • Maximum allowable residential density means the density allowed under the zoning ordinance and land use element of the general plan, or if a range of density is permitted, means the maximum allowable density for the specific zoning range and land use element of the general plan applicable to the project. Where the density allowed under the zoning ordinance is inconsistent with the density allowed under the land use element of the general plan, the general plan density shall prevail.

  • Residential care means the provision of care on a 24-hour day basis.

  • Residential waste means any refuse generated on the premises as a result of residential activities. The term includes landscape waste grown on the premises or deposited thereon by the elements, but excludes garbage, tires, trade wastes and any locally recyclable goods or plastics.

  • 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.

  • Residential service means water service provided for domestic or irrigation purposes in a residential area and is not considered a commercial service.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Residential building means a building containing one or more residential dwellings.

  • Manufactured home community means the same as land-leased community defined in sections 335.30A and 414.28A.