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 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.
Sample 1
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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Examples of AMI Percentage in a sentence

  • 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).

  • 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 Xxxxx Xxxxxxxx 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.

  • Notwithstanding anything in this Declaration to the contrary, if the Resale Affordable Price is less than the original value of the Senior Lien, then the Agency may increase the AMI Percentage to a level sufficient to allow for a Resale Affordable Price which covers the original value of the Senior Lien, but not to exceed an AMI Percentage of one hundred twenty percent (120%).

  • 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.

  • 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.

  • EXHIBIT F-A Below-Market Rate Table AMI Percentage Type of Below-Market Rate Unit Percentage of Total Units Number of Below-Market Rate Xxxxx0 0 – 60% Xxxxx Xxxxxxxx Replacement Units Xxxxx Xxxxxxxx Percentage 256 0 – 60% Agency Affordable Units Agency Percentage 1,388 80 – 100%2 Inclusionary Units 3.45% 363 120% Inclusionary Units 4.25% 446 140% Workforce Units 4.25% 446 141% – 160%3 Workforce Units 4.25% 446 Total Below-Market Rate Units 31.86% 3,345 1Assuming 10,500 Total Units.

  • SAMPLE AWARD TABLEProgram Information Household Income Household Members AMI Percentage Damaged Structure Type % Damage Benefit Other Assistance Received FEMA IA SBA Homeowners Insurance Flood Insurance ICC Non-profit/Other Total Disaster Assistance Allowable Eligible Activities DOB Gap Funding Required at Closing 7.3Zero Award An applicant can meet the requirements for program eligibility, but not qualify for an award.

  • Units in this tier must be on average Affordable with an AMI Percentage equal to one hundred fifty percent (150%).

  • Units in this tier must be on average Affordable with an AMI Percentage equal to ninety percent (90%).


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.
Sample 1Sample 2Sample 3
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 eighty percent (80%), as applicable.
Sample 1

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.

  • 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.

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

  • Participation Percentages means the 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 percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, 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.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • NOLV Percentage the net orderly liquidation value of Inventory, expressed as a percentage, expected to be realized at an orderly, negotiated sale held within a reasonable period of time, net of all liquidation expenses, as determined from the most recent appraisal of Borrowers’ Inventory performed by an appraiser and on terms satisfactory to Agent.

  • Cash Percentage shall have the meaning specified in Section 14.02(a)(iii).

  • Class C Percentage means at any time the percentage equivalent of a fraction, the numerator of which is the Outstanding Amount of the Class C Notes and the denominator of which is the sum of the Outstanding Amount of all the Notes.

  • Funded Percentage means, with respect to any Lender at any time, a percentage equal to a fraction the numerator of which is the amount actually disbursed and outstanding to Borrower by such Lender at such time and the denominator of which is the total amount disbursed and outstanding to Borrower by all of the Lenders at such time.

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):

  • Non-PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is the Required Coupon. As to any Non-Discount Mortgage Loan, 100%.

  • Target Percentage means those percentages assigned to Participants pursuant to Section 3.2 hereof.

  • Class B Percentage Any one of the Class B-1 Percentage, Class B-2 Percentage, Class B-3 Percentage, Class B-4 Percentage, Class B-5 Percentage or Class B-6 Percentage.

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.

  • Sharing Percentage means, with respect to any Partner and any Portfolio Investment, a fraction, expressed as a percentage: the numerator of which is the aggregate amount of Capital Contributions made by such Partner and used to fund the cost of such Portfolio Investment; and the denominator of which is the aggregate amount of Capital Contributions made by all Partners and used to fund the cost of such Portfolio Investment.

  • Total Percentage means, with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.

  • Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent of a fraction:

  • Designated Percentage shall have the meaning set forth in Section 1(a) hereof.