Below Market Rate Housing Program definition

Below Market Rate Housing Program means Chapter 18.14 of the Palo Alto Municipal Code and the Administrative Guidelines for the Below Market Rate Program.
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Below Market Rate Housing Program or “BMR Housing Program” means the program requiring provision of affordable housing under certain circumstances, described in the Housing Element of the Palo Alto Comprehensive Plan, as amended from time to time, and including any ordinance implementing that Comprehensive Plan program, if such an ordinance is adopted by the City Council in the future.
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Examples of Below Market Rate Housing Program in a sentence

  • Before acceptance of plans for review by the City of Menlo Park staff, a developer should provide a proposal for meeting the requirements of the Below Market Rate Housing Program.

  • The Below Market Rate Housing Program requires residential developments which use scarce residentially zoned land in Menlo Park to provide BMR units or to contribute to the BMR Housing Fund.

  • The overview below focuses primarily on the Below Market Rate Housing Program.

  • The City’s Below Market Rate Housing Program codified in Chapter 16.96 of the City’s Zoning Code requires residential development projects with twenty or more units to provide 15% BMR affordable units.

  • A Special meeting, requiring physical presence, may be called for in writing giving reasons and purpose of the meeting, by at least one half of the member bodies.

  • Council adopted Resolution No. 53-15 directing the City Manager to execute a contract extension and modifications with Hello Housing for the administration of the City's Below Market Rate Housing Program, including modification of program fees.

  • The BMR Program is administered under these Below Market Rate Housing Program Guidelines (“Guidelines”).

  • The Below Market Rate Housing Program requires commercial developments which bring employees to Menlo Park to provide BMR units or to contribute to the BMR Housing Fund that is set up to increase the stock of housing for very low-, low- and moderate-income households, with preference for workers whose employment is located in the City of Menlo Park, and for City residents.

  • Said real property (“Premises”) is hereby designated as a Below Market Rate Unit (“BMR unit”) and shall be subject to the terms and conditions herein set forth, as well as the applicable provisions of Menlo Park Municipal Code Chapters 15.36 and 16.96 and the Below Market Rate Housing Program Guidelines, together with any amendments which may be adopted from time to time.

  • Any transfer of the Premises shall be subject to the conditions set forth in this Agreement, and any and all conditions contained in the Menlo Park Municipal Code Chapters 15.36 and 16.96 and the Below Market Rate Housing Program Guidelines, including any amendments thereto which may be adopted from time to time, as long as these amendments do not have a materially adverse affect on the interests of Owner.

Related to Below Market Rate Housing Program

  • Direct Market Access or “DMA” means an arrangement among a Sponsoring Broker, its Customer and BSEF that allows one or more representatives of that Customer to have Trading Access using the Participant ID of the Sponsoring Broker.

  • Flood Insurance Rate Map (FIRM means the official map on which the Federal Insurance Administration has delineated both the areas of special flood hazards and the risk premium zones applicable to the community.

  • Regulatory Flood Protection Elevation means the “Base Flood Elevation” plus the “Freeboard”. In “Special Flood Hazard Areas” where Base Flood Elevations (BFEs) have been determined, this elevation shall be the BFE plus two (2) feet of freeboard. In “Special Flood Hazard Areas” where no BFE has been established, this elevation shall be at least two (2) feet above the highest adjacent grade.

  • Multifamily housing means housing accommodations designed as a residence for more than 1 family.

  • Competitive Local Exchange Carrier (CLEC)” means a telephone company certificated by the Commission to provide local Exchange Service within AT&T-21STATE’s franchised area.

  • Competitive Local Exchange Carrier (CLEC) means a telephone company certificated by the Commission to provide local Exchange Service within AT&T-21STATE’s franchised area.

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Flood Insurance Rate Map means the most recent flood hazard map published by the Federal Emergency Management Agency under the National Flood Insurance Act of 1968 (42 U.S.C. Section 4001 et seq.).

  • Change in Control Protection Period means the period commencing on the date a Change in Control occurs and ending on the first anniversary of such date.

  • ECB Recommended Rate Index Cessation Effective Date means, in respect of an ECB Recommended Rate Index Cessation Event, the first date on which the ECB Recommended Rate is no longer provided, as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • Family day system means any person who approves family day homes as members of its system;

  • Appropriate office of the state employment service system means the local office of the federal-state national system or public employment offices with assigned responsibility for serving the area where the employment opening is to be filled, including the District of Columbia, Guam, Puerto Rico, and the Virgin Islands.

  • OBFR Index Cessation Date means, in respect of an OBFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the OBFR), ceases to publish the OBFR, or the date as of which the OBFR may no longer be used.

  • Multi-family housing means a building or structure that is designed to house two (2) or more different households in separate housing Units which have full kitchen facilities including oven/range, refrigerator, kitchen sink with hot and cold water supply and food storage facilities and at least one (1) full bathroom facility(s), one (1) full bedroom and one (1) living area (including a combination thereof such as studio arrangements).

  • Commercial sex act means any sex act on account of which anything of value is given to or received by any person.