Housing Increment definition
Examples of Housing Increment in a sentence
The City covenants to take all actions necessary to allocate to the Agency, to the extent legally permissible, all Net Available Increment and Housing Increment, based on the Agency’s Statement of Indebtedness.
This Agreement covers only Agency indebtedness payable from Net Available Increment and Housing Increment, including any accrued interest (and not from any other funds or assets of the Agency).
The Shipyard Redevelopment Plan establishes a goal for the Agency to use no less than the amount of the Shipyard Housing Increment for purposes articulated in section 33334.2 of the CCRL.
Except as otherwise provided in the Financing Plan, the Agency agrees not to amend the Financing Plan, the Infrastructure Plan or the Below- Market Rate Housing Plan in any manner that would increase or decrease the pledge of Net Available Increment or increase or decrease the pledge of Housing Increment contemplated by this Agreement without in each case obtaining the City’s prior written consent, which the City may give or withhold in its sole discretion.
The City covenants to take all actions necessary to allocate to the Agency, to the extent legally permissible, all Net Available Increment and Housing Increment, based on the Agency’s Statement of IndebtednessROPS.
This line reflects Pledge of Property Tax Rev defined as Housing Increment, under Mission Bay South Tax Allocation Pledge Agreement (to which Owner is a third party beneficiary) to fulfill affordable h obligations in Mission Bay South Owner Participation Agreement.
The City covenants to take all actions necessary to allocate to the Agency, to the extent legally permissible, all Net Available Increment and Housing Increment, based on the Agency’s ROPS.
Authority agrees to budget and use Housing Increment from the Redevelopment Plan Area in accordance with the CCRL to pay in the following order of priority: (i) Authority’s costs of predevelopment, development, and construction of Affordable Housing Units developed or to be developed within the Project Site under the Housing Plan (the “Authority Affordable Housing Costs”); and (ii) any other authorized uses of the Low and Moderate Income Housing Fund.