Below Market Value definition
Below Market Value means sale prices of the properties are to be marketed for sale to Non-Profit Housing Providers to develop Non-Market Housing under this policy. This shall mean the sale is less than current market value, but may include the cost of the property incurred by the City plus costs of sale (e.g. road plan registrations, environmental assessments as needed, etc.).
Below Market Value means 80% of the Fair Market Value of the Affordable Unit from time to time.
Below Market Value means 85% of the Fair Market Value of the Affordable Unit from time to time;
More Definitions of Below Market Value
Below Market Value means eighty-four percent (84%) of the Fair Market Value of a Property as determined pursuant to Section 7.8;
Below Market Value means seventy (70%) percent of the Fair Market Value of the Affordable Housing Unit from time to time;
Below Market Value means thirty (30) percent below the Fair Market Value of the Affordable Housing Unit from time to time;