Inclusionary Units definition

Inclusionary Units means on-site income-restricted residential units provided within a

Inclusionary Units means any dwelling unit that meets the provisions of Section 5.11.4.

Inclusionary Units shall have the meaning set forth in Section 2.2. “Initial Period” shall have the meaning set forth in Section 1.3.2. “Licensee” shall have the meaning set forth in Exhibit B

Examples of Inclusionary Units in a sentence

• The number of Inclusionary Units is equal to at least 16% of the number of Market-Rate Units.

• The documents include, but are not limited to, Affordable Housing Agreements, deeds of trust, and resale restrictions which shall be recorded against the Residential Development, all Inclusionary Units, and any site subject to the provisions of this Chapter.

• All rental Covered Projects shall comply with the following provisions, which shall be contained in an Inclusionary Housing Agreement to ensure continued affordability of Inclusionary Units.

• All municipal fees associated with the development and construction of new residential units shall be waived only as they apply to the required Inclusionary Units.

• In order to assure an adequate distribution of Inclusionary Units by household size, the bedroom mix of Inclusionary Units in any Covered Project shall reflect the same ratio as the bedroom mix of the Market Units of the Project, unless waived by the Planning Board for good cause or requested by the Office of Planning and Economic Development based on the waiting list.

More Definitions of Inclusionary Units

Inclusionary Units means any finished dwelling unit that meets the provisions of 5.11.4.

Inclusionary Units shall have the meaning set forth in the Housing Plan.

Inclusionary Units means (i) for a Rental Unit, a unit that is available to‌ and occupied by a household with an income not exceeding one hundred percent (100%) of Area Median Income and rented at an Affordable Housing Cost for households with incomes from sixty percent (60%) to one hundred percent (100%) of Area Median Income, and (ii) for a For Sale Unit, a unit that is available to and occupied by households with incomes not exceeding One Hundred Twenty Percent (120%) of Area Median Income and sold at an Affordable Housing Cost for households with incomes from Eighty Percent (80%) to One Hundred Twenty Percent (120%) of Area Median Income. The mechanism for setting the maximum Affordable Housing Cost and income level for each Inclusionary Unit is set forth in Section 5 of this Housing Plan.

Inclusionary Units means 13 Condominiums in the project as designated from time to time by Declarant in compliance with the Inclusionary Unit Ordinances, which are identified in the attached Exhibit D.

Inclusionary Units means Low Income Units and Very Low Income Units.

Inclusionary Units means the Units to be sold by Eligible Households at an Affordable Housing Cost, as set forth in Section 4.4.a.

Inclusionary Units means (i) for a Rental Unit, a unit that is available to and occupied by a household with an income not exceeding sixty percent (60%) of Area Median Income and rented at an Affordable Housing Cost for households with incomes at or below sixty percent (60%) of Area Median Income, and (ii) for a For Sale Unit, a unit that is available to and occupied by households with incomes ranging from Eighty Percent (80%) of Area Median Income but not exceeding One Hundred Twenty Percent (120%) of Area Median Income and sold at an Affordable Housing Cost for households with incomes from Eighty Percent (80%) to One Hundred Twenty Percent (120%) of Area Median Income. The mechanism for setting the maximum Affordable Housing Cost and income level for each Inclusionary Unit is set forth in Section 5 of this Housing Plan.