Housing Commission Loan definition

Housing Commission Loan means the loan to Owner by the Housing Commission in an original principal amount not to exceed Two Million Nine Hundred Sixty-Seven Thousand Dollars ($2,967,000) disbursed to fund a portion of the acquisition of the Leasehold and the Rehabilitation Costs, and in a position subordinate to the Senior Loan.
Sample 1Sample 2
Housing Commission Loan means the loan in the principal amount not to exceed Five Hundred Thousand Dollars ($500,000) to be issued by the San Diego Housing Commission to the Owner to finance a portion of the Affordable Family Housing Units.
Sample 1
Housing Commission Loan means the loan to Owner by Housing Commission in an original principal amount not to exceed $3,800,000.00, funded by the Housing Commission’s Home Investment Partnership Program (HOME) and other Housing Commission funds, disbursed to fund a portion of the Acquisition and development costs, and in a position subordinate to any Senior Loan.
Sample 1

Examples of Housing Commission Loan in a sentence

  • In the event this was much disrupted by the pandemic and lockdown, so that all meetings were online, with added challenges for creative thinking.- We aimed to provide a balance of analysis of problems and synthesis of forward pathways, for both academics and policy-makers.- Project aims and propositionsPeri-Cene explores the links between peri-urbanisation and climate risk / resilience, at scales from global to local.

  • In the event that the Housing Commission and HDP do not close on the ground lease and Housing Commission Loan, any work product generated as a result of the predevelopment tasks described herein shall be the property of the Commission.

  • This Agreement shall terminate upon the earlier of October 1, 2013, or upon HDP and the Housing Commission closing on the ground lease and Housing Commission Loan.

  • Owner shall not be in default under any provision of the OPA or any agreement executed in connection therewith or the Housing Commission Loan Documents.

  • It is anticipated that up to$249,700.00 of those predevelopment costs will be incurred prior to obtaining the NEPA clearance and the Housing Commission Loan closing.

  • Any predevelopment expenses incurred by HDP shall be project costs which may be reimbursed to HDP from the proceeds of the Housing Commission Loan and/or any other sources of construction and permanent financing for the Property.

  • The Borrower shall pay all escrow, title and closing costs, including, without limitation, paying for an American Land Title Association (ALTA) Lenders Policy for the Housing Commission Loan with endorsements, as acceptable to the Housing Commission’s legal counsel.

  • The Housing Commission Loan in the original principal aggregate amount not to exceed $2,967,000 will be used to finance a portion of the Rehabilitation Costs.

  • Based on the anticipated original principal balances of such two loans, out of the 50% of Additional Proceeds allocated to the Agency and the Housing Commission, 20.84% of the such Additional Proceeds shall be paid to the Agency to reduce the principal amount of the Agency Loan and 79.16% of such Additional Proceeds shall be paid to the Housing Commission to reduce the principal amount of the Housing Commission Loan.

  • The Housing Commission Loan in the original principal aggregate amount not to exceed $2,967,000 will be one of the permanent Sources of Financing.

Related to Housing Commission Loan

  • Housing commission means a housing commission or housing authority as defined under section 3 of the housing cooperation law, 1937 PA 293, MCL 125.603.

  • Affordable Housing Cost means an amount satisfied by:

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

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

  • 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.

  • Housing costs means the compensation or fees paid or charged, usually periodically, for the use of any property. land, buildings, or equipment. For purposes of this chapter, housing costs include the basic rent charge and any periodic or monthly fees for other services paid to the landlord by the tenant, but do not include utility charges that are based on usage and that the tenant has agreed in the rental agreement to pay, unless the obligation to pay those charges is itself a change in the terms of the rental agreement.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • 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.

  • Housing project means a project, or distinct portion of a

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Housing sponsor for purposes of this section, means the

  • Michigan state housing development authority means the public body corporate and politic created by Section 21 of the State Housing Development Authority Act of 1966, 1966 PA 346, MCL 125.1421.

  • 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.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Community Association Dues, Fees, and Assessments means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Commitment Commission shall have the meaning provided in Section 3.01(a).

  • Multifamily dwelling means a structure that contains more than one separate residential dwelling unit, which is used or occupied, or intended to be used or occupied, in whole or in part, as the home or residence of one or more persons.

  • Existing Loan means the loan identified on Exhibit H.

  • Single-family housing means housing accommodations designed as a residence for not more than 1 family.

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • Housing Unit means a detached or attached (including townhouse condominium or condominium) single-family house (but excluding mobile homes) owned by the Restricted Parent or a Subsidiary of the Restricted Parent (i) which is completed or for which there has been a start of construction and (ii) which has been or is being constructed on any real estate which immediately prior to the start of construction constituted a Lot.

  • Leasing Commissions means leasing commissions incurred by Borrower in connection with leasing any Mortgaged Property or any portion thereof (including renewals of existing Leases).

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • 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).

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.