AMI Percentage definition

AMI Percentage means the percentage multiples of AMI applicable to Inclusionary Units, as set forth in the Housing Plan.
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AMI Percentage means the percentage multiple of AMI applicable to a Below-Market Rate Unit as set forth in the Below-Market Rate Table.
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AMI Percentage means the percentage of AMI applicable to a specified Inclusionary Unit as set forth in attachment D-1 to the Agreement, which percentage shall be fifty percent (50%) or eighty percent (80%), as applicable.
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Examples of AMI Percentage in a sentence

  • Any increase in the AMI Percentage or restriction removal pursuant to this Section 3.7 shall not affect any Market Rate Credits or Below- Market Rate Credits obtained by Developer for such Residential Project.

  • AMI Percentage Range Affordable Housing Type Percentage of Total Project Units Affordable Housing Units6 Qualifying Income for 4-person household (2008) 7 1 All units in this tier must be Affordable at no greater than 60% of AMI.

  • This Below-Market Rate Housing Plan requires that no less than thirty-one and eighty six hundredths percent (31.86%) of the Units constructed in the Project Site be Below-Market Rate Units, including ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Replacement Units, Agency Affordable Units, Inclusionary Units and Workforce Units, each with at least the applicable Percentage of Total Units for each applicable AMI Percentage as set forth in the Below-Market Rate Table.

  • The Rental Rate for each For-Rent Affordable Residential Unit shall initially be determined based upon the Imputed Household Size and AMI Percentage for that For-Rent Affordable Residential Unit (and, as set forth in the definition of Affordable Rent, shall not exceed thirty percent (30%) of the applicable AMI Percentage multiplied by the Area Median Income, based upon the Imputed Household Size).

  • The Rent for a Rental Inclusionary Unit shall be calculated on the date of its initial rental by an Occupant and on the date of any renewal thereof based on the then- current AMI and Utility Allowance, the Parking Cost and the applicable AMI Percentage and Household Size.

  • Vertical Developers shall have the right to develop the Additional Units on the Project Site, provided that ten and one-half percent (10.5%) of the Additional Units (i.e., eighteen (18) Units in the event all 172 Units are constructed) shall be Affordable with an AMI Percentage equal to eighty percent (80%) (the “Additional Inclusionary Units”), all as provided in the Below- Market Rate Housing Plan.

  • Vertical Developers shall have the right to develop the Additional Units on the Project Site, provided that ten and one-half percent (10.5%) of the Additional Units (i.e., eighteen (18) Units in the event all 172 Units are constructed) shall be Affordable with an AMI Percentage equal to eighty percent (80%) (the “Additional Inclusionary Units”), all as provided in the Below-Market Rate Housing Plan.


More Definitions of AMI Percentage

AMI Percentage means the percentage multiple of AMI applicable to a Rental Inclusionary Unit as set forth in Exhibit A-1.
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AMI Percentage means the percentage of AMI applicable to a specified For-Rent Affordable Residential Unit as set forth in Attachment A-1, which percentage shall be fifty percent (50%) or eighty percent (80%), as applicable.
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Related to AMI Percentage

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Class B-6 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Percentage for such Distribution Date will be zero.

  • Pool Percentage With respect to each Mortgage Pool and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Pool Balance for such Mortgage Pool for such date and the denominator of which is the Aggregate Pool Balance for such date.