BMR Units definition

BMR Units has the meaning set forth in the Housing Program.
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BMR Units means inclusionary affordable units required by the City’s Residential Inclusionary Affordable Housing Program, as set forth in Planning Code section 415 et seq.
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BMR Units means and refer to the residential units that are part of the Hotel Unit, subject to the provisions set forth in Section 9.15 of this Declaration.
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Examples of BMR Units in a sentence

  • The average sale prices of BMR Units within a single building (or, if applicable, the average sales prices of BMR Units within a Principal Project and its Affiliate Project) shall be affordable to a Median Income Household.

  • Developer shall include this agreement and waiver in any and all assignment and assumption agreements and in any real property conveyance agreements for property that includes or will include BMR Units or Replacement Units.

  • However, the Parties further acknowledge and agree that it is desirable for the Project to maintain some flexibility as to the location of the BMR Units at the Project Site to permit the siting of BMR Units in buildings where the costs of homeowners association dues and other miscellaneous items may be lower.

  • If Developer constructs or pays an in lieu fee equivalent to a greater number of BMR Units than is required within a Development Phase to meet the BMR Requirement, then such additional BMR Units shall be counted against the total number of BMR Units required in the next Development Phase Approval.

  • Based upon the language of the Xxxxx-Xxxxxxx Act and the terms of this Agreement, the Parties understand and agree that section 1954.52(a) of the Xxxxx-Xxxxxxx Act does not and in no way shall limit or otherwise affect the restriction of rental charges for the Replacement Units or the BMR Units.

  • BMR Units constructed on the Project Site or within 1,000 feet of the boundary of the Project Site shall be considered units constructed on the Project Site.

  • The exact number and location of BMR Units (per building) in each Development Phase, and the number of in lieu payments, shall be identified in each Development Phase Approval.

  • Not less than one-third (1/3) of the BMR Requirement will be satisfied with BMR Units constructed on the Project Site.

  • The Parties acknowledge that the Project involves the demolition of dwelling units but that the Project replaces all demolished dwelling units with the Replacement Units and increases the City’s overall supply of housing, including the supply of BMR Units.

  • In the alternative, Developer, on behalf of itself and all of its successors and assigns of all or any part of the Project Site, agrees not to challenge and expressly waives, now and forever, any and all rights to challenge the requirements of this Agreement related to the establishment of the initial and all subsequent rental rates for the BMR Units and the Replacement Units under the Xxxxx-Xxxxxxx Act, as the same may be amended or supplanted from time to time.


More Definitions of BMR Units

BMR Units means inclusionary affordable units per the City’s Residential Inclusionary Affordable Housing Program, as set forth in Planning Code section 415 et seq.
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BMR Units has the meaning set forth in Recital B.
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BMR Units means inclusionary affordable housing units required by the City’s Inclusionary Affordable Housing Program, as set forth in Planning Code section 415 et seq.
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BMR Units means the Inclusionary Units (as defined in the Housing Plan).
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BMR Units means the seventeen (17) units in the Project that are required to be sold to Eligible Households at Affordable Sales Prices in accordance with this Agreement.
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Related to BMR Units

  • Common Units is defined in the Partnership Agreement.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • Company Units has the meaning set forth in the Recitals.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Junior Units means Partnership Units representing any class or series of Partnership Interest ranking, as to distributions or voluntary or involuntary liquidation, dissolution or winding-up of the Partnership, junior to the Series A Preferred Units.

  • Purchased Units has the meaning specified in Section 2.01.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class B Units means the Class B Units of the Company.

  • Series A Units means Series A currency hedged mutual fund units and/or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Trust Units means units of the Trust;

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

  • public units means the state or a political subdivision or instrumentality of the state including a county, school corporation, special district, drainage district, unincorporated town or township, municipality, or municipal corporation or any agency, board, or commission of the state or a political subdivision; any court or public body; an electric power agency; federal and state grant moneys of a quasi-public state entity under Iowa Code section 12C.1, subsection (2e), and this chapter. Public units additionally include, but are not limited to:

  • Unit Shares means the Common Shares comprising part of the Units;

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.