Existing affordable housing definition
Existing affordable housing means housing that is
Existing affordable housing means housing that is subject to one or more restricted use covenants or similar recorded agreements to ensure affordability and that is consistent with affordable housing financial assistance requirements. "Existing affordable housing" does not include properties for which all restricted use covenants or affordability requirements have expired as of June 1, 2024.
Existing affordable housing. Any otherwise qualifying project which at the time of Application is subject to an Existing Affordability Commitment.