Deferred Affordable Housing definition

Deferred Affordable Housing means the Deferred Affordable Housing Units or the Deferred Affordable Housing Payment
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Deferred Affordable Housing means the Deferred Affordable Housing Units or the Deferred Affordable Housing Payment "Deferred Affordable Housing Units" means Affordable Housing to be provided as part of the Development in addition to the Affordable Housing Dwellings to be provided pursuant to Schedule 12 of this Deed up to a maximum of [X] Dwellings (in addition to the [X] secured by Schedule 12) in accordance with the Deferred Affordable Housing Scheme "Deferred Affordable Housing Payment" means a sum of money representing the cost of providing additional Affordable Housing Off Site so as to increase the Affordable Housing provided by the Development above the figure of [X] Affordable Housing Dwellings secured through Schedule 12 of this Agreement up to a cap of fifty per cent (50%) of the Dwellings comprised within the Development to be agreed in writing with the District Council or determined by the Specialist "Deferred Affordable Housing Payment Notice" means a notice issued by the Owner or Developer to the District Council stating that the Owner or Developer is willing to pay the Deferred Affordable Housing Payment in accordance with this Schedule "Deferred Affordable Housing Scheme" means a scheme specifying the quantum, size and location of the Deferred Affordable Housing Units with reference to plans and drawings approved as part of the Application, which:-
Sample 1

Examples of Deferred Affordable Housing in a sentence

  • SCHEDULE 12 Form of Deferred Affordable Housing Notice This notice is the notice contemplated by paragraph ● of Schedule ● of a Deed dated ●and made between ● ● ● and The Mayor and Burgesses of the London Borough of Hounslow (the “Deed”).

  • If Scheme A were to include 20% of on-site affordable housing, and assuming that the surplus a result of such affordable housing went down to £450,000,000 the Deferred Affordable Housing Contribution would reduce to £50,000,000, i.e. the Surplus of £450,000,000 minus £400,000,000 comprising 80% of £500,000,000 (the surplus that would have arrived if there had been no on-site affordable housing).

  • The Deferred Affordable Housing Contribution would be calculated as 20% of£500,000,000, i.e. £100,000,000, but would be capped at the maximum of£87,000,000.If Scheme A was re-worked to incorporate 40% affordable housing on-site the Deferred Affordable Housing Contribution would be capped at zero.

  • If Scheme B were to be re-worked to include 20% affordable housing on-site and assuming the surplus is thereby reduced to £175,000,000 then the Deferred Affordable Housing Contribution would be £15,000,000, that is the surplus of£175,000,00 (assuming there is on-site affordable housing) minus £160,000,000 (80% of £200,000,000, i.e. of the surplus if there were no on-site affordable housing).

  • Low Scenario A scheme (“Scheme C”) projects a surplus with no affordable housing of£50,000,000 in which case the Deferred Affordable Housing would be 20% of£50,000,000, i.e. £10,000,000.

  • In this case, the Deferred Affordable Housing Contribution would be 20% of £200,000,000 i.e. £40,000,000.

  • However the Deferred Affordable Housing Contribution would be capped at £20,000,000.

  • PROVIDED THAT it is hereby acknowledged and agreed that (save for any element of a Surplus which is applied to Deferred Affordable Housing) in relation to the application of the Borough Council's Surplus in accordance with this paragraph 5.1 of this Part 2 of Schedule 2, any monies shall first be applied to the Deferred Waste Contribution, only following full payment of which, such monies may be applied to the Deferred Swimming Contribution and/or a Deferred Affordable Housing Contribution.

  • Subject to any Deferred Affordable Housing Scheme being agreed or detennined in accordance with Part 2 of this Schedule 2 not to Occupy more than 85% (eighty five percent) of the Market Value Units in a relevant Parcel unless and until 100% of any Affordable Rented Units included in the Deferred Affordable Housing Scheme for that Parcel have been: 7.1 completed; and 7.2 transferred to an Affordable Housing Provider pursuant to an Affordable Housing Contract.

  • Subject to paragraph 5.1.2 of this Schedule 2 Part 2, the parties hereby acknowledge and agree that 50% (fifty per cent) of the Borough Council Surplus arising under an Early Viability Assessment, and/or 50% (fifty per cent) of the Borough Council Surplus arising under Viability Assessment 1 shall be provided as Deferred Affordable Housing Units within the Relevant Balance as applicable to each of those assessments.

Related to Deferred Affordable Housing

  • Affordable housing means housing that is available at a cost low enough to meet the needs of eligible households having regard to local incomes and local house prices and which will remain at an affordable price for future eligible households or, if not, that the subsidy is recycled for alternative affordable housing provision

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the Development in accordance with the application and/or any subsequent reserved matters approval.

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • Affordable Housing Cost means an amount satisfied by:

  • Affordable Units means units that have rents that do not

  • Affordable Unit means a housing unit proposed or created pursuant to the Act and approved for crediting by the Court and/or funded through an affordable housing trust fund.

  • Residential housing or "Residence" means a single-family, owner-occupied dwelling located within the State that qualifies for financing by the Authority within the meaning of the Act, the Rules and Regulations, the Code and related regulations.

  • 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.

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

  • Community mental health program means all mental health

  • Home and community-based services or "HCBS" means Home and Community-Based Services as defined in OAR chapter 411, division 004.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • 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).

  • Affordable means, a sales price or rent level that is within the means of a low- or moderate- income household as defined within N.J.A.C. 5:93-7.4, and, in the case of an ownership unit, that the sales price for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.6, as may be amended and supplemented, and, in the case of a rental unit, that the rent for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.12, as may be amended and supplemented.

  • Elderly Housing means housing intended for and only occupied by Elderly persons, including a family in which all members are Elderly. All household members must be Elderly (no children, and no disabled persons under the age of 62).

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Managed health care system means: (a) Any health care