Existing affordable housing definition

Existing affordable housing means housing that is
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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.
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Existing affordable housing. Any otherwise qualifying project which at the time of Application is subject to an Existing Affordability Commitment.
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Examples of Existing affordable housing in a sentence

  • Existing affordable housing studies and policies in most jurisdictions rely on these countywide area median income (AMI) estimates published by HCD or by HUD.

  • Existing affordable housing in the project corridor.(g) Economic Development.

  • Existing affordable housing in the project corridor.(f) Economic Development.

  • Existing affordable housing policies are uncoordinated and ineffective.

  • Existing affordable housing is often located near jobs, public transportation, and other services and amenities.

  • Warranty, Guarantee and Manual Requirements 51 DEFINITIONS Preservation Developments – Existing affordable housing stock that has come to a point in its life where it is in need of moderate or substantial renovation or is in danger of converting to market rate housing.

  • Existing affordable housing providers have to negotiate their development proposals through the planning system without any effective support from state or local government in most places.

  • Existing affordable housing requirements for the Stanford Campus established in the 2000 GUP;2.

  • Every corridor requires a slightly different approach in order to support equity, though there are two key tenets to consider: 1) Existing affordable housing should be preserved in neighborhoods that could face increased market demand, and resources for new affordable housing should be targeted to these neighborhoods.

  • Existing affordable housing must be replaced at an equivalent tenure and offered to existing tenants at rents and service charges levelsequivalent to those in the properties being replaced.

Related to Existing 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 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.

  • 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.

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

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • 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.

  • 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: