Examples of Available Unit in a sentence
Available Unit Rule / 140% RuleFor projects which include market rate units, the Available Unit Rule and the 140% Rule do not apply during the additional use period.
As soon as practicable, but in any event within thirty (30) days after the Company determines that there will be any Available Units, the Company will deliver written notice (the "Option Notice") to the Investors setting forth the number of Available Units and the price for each Available Unit.
The unit occupied by such tenants whose aggregate Gross Income exceeds such applicable income limit shall continue to be treated as a Low Income Unit for purposes of the 40% requirement of Section 4(a) hereof unless and until an Available Unit of comparable or smaller size is rented to persons other than Low Income Tenants.
If during their tenancy a Qualifying Tenant’s income exceeds one hundred forty percent (140%) of the maximum income qualifying as low or moderate income for a family of its size, the next available unit (determined in accordance with the Code and applicable regulations) (the “Next Available Unit Rule”) must be leased to a Qualifying Tenant or held vacant and available for occupancy by a Qualifying Tenant.
Voucher holders will be notified at their briefing session that AHA periodically updates the Available Unit Listing and how the unit listing may be obtained.
As soon as practicable, --------------- but in any event within thirty (30) days after Holdings determines that there will be any Available Units, Holdings or ACR Management will deliver written notice (the "Option Notice") to Bain/ACR setting forth the number ------------- of Available Units and the price for each Available Unit.
The vacated unit assumes the status the newly occupied unit had immediately before the current resident occupied it.• Available Unit Rule (AUR) applies on a building basis for ALL projects regardless of owner election on 8609 Part II, #8b.
As soon as practicable after the Company has determined that there shall be Available Units, but in any event within 210 days after the Termination Date, the Company shall deliver written notice (the “Option Notice”) to MDCP setting forth the number of Available Units and the price for each Available Unit.
When this occurs, the 140% Rule or Next Available Unit Rule goes into effect.
The Next Available Unit Rule applies separately to each building in a project containing more than one low-income building and is administered differently depending on whether the project has market rate units.