Housing Covenant definition

Housing Covenant means the agreements, covenants and charges granted by the Owner to the City (which includes covenants pursuant to section 219 of the Land Title Act) charging the Lands, registered under number CB , as it may be amended or replaced from time to time;
Sample 1Sample 2Sample 3
Housing Covenant means the agreements, covenants and charges anted by the Owner to the City (which includes covenants pursuant to section 219 of the Land tfitle Act) charging the Lands from time to time, in respect to the use and transfer of the Affordable Housing Units;
Sample 1Sample 2
Housing Covenant means the agreements, covenants and charges granted by the Owner to the City (which includes covenants pursuant to section 219 of the Land Title Act) charging the Lands from time to time, in respect to the use and transfer of the Affordable Housing Units;
Sample 1

Examples of Housing Covenant in a sentence

  • In addition, the Internal Revenue Code requires the project owner to enter into an Extended Low-Income Housing Covenant (LIHTC Covenant) under which the low-income housing set-aside (meaning the actual number of units that generate LIHTC and are set aside for low-income tenants), the rent restrictions, and other requirements must continue for an additional period of at least fifteen (15) years beyond the Initial Compliance Period (together, the Extended Use Period).

  • All capitalized terms not defined in this Rider shall have the meaning provided in the Affordable Housing Covenant (as defined below).

  • In addition, the Internal Revenue Code requires the project owner to enter into an Extended Low-Income Housing Covenant (LIHTC Covenant) under which the low-income housing set-aside (meaning the actual number of units that generate LIHTC and are set-aside for low-income tenants), the rent restrictions, and other requirements must continue for an additional period of at least f i fteen ( 15) years beyond the Initial Compliance Period (together, the Extended Use Period).

  • DEFINED TERMS: Those terms not specifically defined herein shall be assigned the definition provided in the Affordable Housing Covenant.

  • ELIGIBILITY: In order for you, as resident, to be eligible to rent an Affordable Unit, you must be and remain an “Affordable Unit Tenant” as defined in the Affordable Housing Covenant.

  • In the event of any conflict between this Agreement and the Housing Covenant, this Agreement shall, to the extent necessary to resolve such conflict, prevail.

  • Those terms not specifically defined herein shall be assigned the definition provided in the Affordable Housing Covenant.

  • County shall have executed, acknowledged (where appropriate) and delivered into Escrow all documents that County is required to deliver into Escrow pursuant to this Agreement, including the Memorandum of DDA, Grant Deed, Affordable Housing Covenant, Public Improvement Construction and Maintenance Agreement, and Facilities Lease – County Morgue and Health Services Administration.

  • However, as consideration for receipt of the Grant funds, the Property Owner must execute an Affordable Housing Covenant simultaneously with the execution of this Agreement that will be recorded against the Property as covenants running with the land.

  • Except as otherwise provided herein, after Final Completion of the Project, the respective rights and obligations of the Parties with reference to the Property shall be as set forth in the Affordable Housing Covenant, the Public Improvement Construction and Maintenance Agreement, and the Facilities Lease – County Morgue and Health Services Administration.


More Definitions of Housing Covenant

Housing Covenant means the agreements, covenants and charges granted by the Owner to the City (which includes covenants pursuant to section 219 of the
Sample 1

Related to Housing Covenant

  • Family day care home means a unit registered under Title 5, Subtitle 5 of the Family Law Article.

  • housing benefit means housing benefit under Part 7 of the SSCBA;

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Waiver Period ’ means, for each applicable fee, the period of time from the initial effective date of the MIAX Emerald Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior

  • Maintenance Covenant A covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) during each reporting period, that exists regardless of whether or not such borrower has taken any specified action and includes a covenant that applies only when the related loan is funded.

  • Family child care home means a private home in which 1 but fewer than 7 minor children are received for care and supervision for compensation for periods of less than 24 hours a day, unattended by a parent or legal guardian, except children related to an adult member of the household by blood, marriage, or adoption. Family child care home includes a home in which care is given to an unrelated minor child for more than 4 weeks during a calendar year. A family child care home does not include an individual providing babysitting services for another individual. As used in this subparagraph, "providing babysitting services" means caring for a child on behalf of the child's parent or guardian if the annual compensation for providing those services does not equal or exceed $600.00 or an amount that would according to the internal revenue code of 1986 obligate the child's parent or guardian to provide a form 1099-MISC to the individual for compensation paid during the calendar year for those services.

  • Housing Unit is either a Presold Unit, a Spec Unit or a Model Unit.