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:-
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Examples of Deferred Affordable Housing in a sentence

  • 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.

  • But if you then add in developer’s profit of £100,000,000 representing the portion of the Surplus that the developer would be entitled to retain if the Deferred Affordable Housing Contribution would have been calculated if such initial affordable housing had been provided pursuant to a Deferred Affordable Housing Notice.

  • The surplus thereby becomes £30,000,000 rather than£50,000,000 and this would result in a Deferred Affordable Housing Contribution of£6,000,000.

  • Therefore the paragraph 4.4(g) Viability Assessment Surplus will be £175,000,000 (rather than £200,000,000) resulting in a Deferred Affordable Housing Contribution of £35,000,000 with no Affordable Housing provided pursuant to the Deferred Affordable Housing Notice, because that notice and the calculation of the Deferred Affordable Housing Contribution ignores any early on-site provision.

  • 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.

  • The£100,000,000 of additional developer profit reduces the surplus to £75,000,000 and the Deferred Affordable Housing Contribution becomes 20% of that, namely£15,000,000.

Related to Deferred Affordable Housing

  • Affordable housing means either of the following:

  • 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 Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60 percent of area median income, as median income was most recently determined by the United States Department of Housing and Urban Development for the Minneapolis- St. Paul- Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • 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 program(s means any mechanism in a municipal Fair Share Plan prepared or implemented to address a municipality’s fair share obligation.

  • 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.

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • 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 Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Community mental health program means all mental health

  • Cooperative Apartment A dwelling unit in a multi-dwelling building owned or leased by a Cooperative, which unit the Mortgagor has an exclusive right to occupy pursuant to the terms of a proprietary lease or occupancy agreement.

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

  • State purchased health care or "health care" means medical

  • 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 the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Community rehabilitation program means a program that provides directly or facilitates the provision of one or more of the following vocational rehabilitation services to individuals with disabilities to enable those individuals to maximize their opportunities for employment, including career advancement:

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

  • Plan for moderate income housing means a written document adopted by