Intermediate Housing Units definition

Intermediate Housing Units means the Affordable Housing Units to be provided via an approved Registered Provider (RP) at prices and rents above those of Social Rent, but below market prices or rents. These can include shared equity products (e.g. HomeBuy), other low cost homes for sale and intermediate rent
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Intermediate Housing Units means all those Affordable Housing Units to be provided by the Registered Provider as Intermediate Housing for Qualifying Persons the exact number and location of which to be approved by the Council pursuant to the Affordable Housing Scheme.
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Intermediate Housing Units means Affordable Housing to be provided for
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Examples of Intermediate Housing Units in a sentence

  • While it is assumed that the uplift of affordable housing will be delivered in accordance with the original masterplan’s Section 106 (which specifies that Plots E, F and G will deliver an Affordable Housing tenure split of 60% Affordable Rented Units and 40% Intermediate Housing Units), this should be clarified.

  • Provision would be made for a minimum of 25% of the proposed dwellings to be affordable housing, comprising a mix of 35% Intermediate Housing Units and 65% Rented Social Housing Units.

  • The affordable housing tenure mix is 60% Social Rented Units and 40% Intermediate Housing Units.

  • Suitable marketing of the Intermediate Housing Units for the duration of the Intermediate Housing Pre-Completion Marketing Period and the Intermediate Housing Marketing Period Disposal of any of the Intermediate Housing units permitted only if at the end of the Marketing Period there has not been uptake.

  • Purchase by the State of radon measure- ment equipment or devices.

  • The Affordable Housing Tenure Mix relates to the tenure mix for the Affordable Housing Units in that a minimum of 43 per cent (215 units) shall be Social Rented Housing Units with the remainder being Intermediate Housing Units.

  • The affordable housing would be distributed in clusters of properties across the site and the provision and tenure (70% Affordable Rented Units and 30% Intermediate Housing Units) of these units would be controlled through the Section 106 Legal Agreement.

  • Suitable marketing of the Intermediate Housing Units designated as Wheelchair Accessible Units for the duration of the Marketing Period for Wheelchair Accessible Dwellings No disposal of any of the Intermediate Housing Units designated as a Wheelchair Accessible Unit to those not in need of wheelchair housing until marketing exercise at end of marketing period.

  • It was explained that the application sought to vary the affordable housing provisions in relation to the disposal of Intermediate Housing Units.

  • This comprised 19.5% as Social Rent Units, 43.5% as Intermediate Housing Units and 37% as Affordable Rented Units.


More Definitions of Intermediate Housing Units

Intermediate Housing Units means Affordable Housing disposed of by a Registered Provider using the model shared ownership lease published by the Homes England from time to time whereby (i) a Registered Provider sells shares in the equity of an Affordable Housing Unit to an occupier who pays rent upon the remainder and (ii) Staircasing to 100% of the equity of the dwelling is allowed and "Intermediate Housing Terms" shall mean Dwellings provided as described in this definition;
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Intermediate Housing Units means unless agreed otherwise in writing by the Council Shared Ownership Units to be provided as Intermediate Housing in accordance with the approved Affordable Housing Scheme and paragraph 4 of Schedule 3 of this deed and ‘Intermediate Housing Unit’ shall be construed accordingly
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Intermediate Housing Units means Shared Ownership Housing Units and Rent to Shared Ownership Housing Units and Discounted Sale Housing Units.
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Intermediate Housing Units means a form of Affordable Housing, which are not Affordable Rented Units and which are available for sale and/or rent at a cost below Open Market Value or Open Market Rents, as set out in the National
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Related to Intermediate Housing Units

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • Intermediate Parent means any Subsidiary of Holdings and of which the Borrower is a subsidiary.

  • 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.

  • Holdings as defined in the preamble hereto.

  • Deficient housing unit means a housing unit with health and safety code violations that require the repair or replacement of a major system. A major system includes weatherization, roofing, plumbing (including wells), heating, electricity, sanitary plumbing (including septic systems), lead paint abatement and/or load bearing structural systems.

  • SPE means any bankruptcy-remote, special-purpose entity created in connection with the financing of settlement float with respect to customer funds or otherwise.

  • Permitted Business Acquisition means any acquisition of all or substantially all the assets of, or all or substantially all the Equity Interests (other than directors’ qualifying shares) not previously held by the Borrower and its Subsidiaries in, or merger, consolidation or amalgamation with, a person or division or line of business of a person (or any subsequent investment made in a person or division or line of business previously acquired in a Permitted Business Acquisition), if immediately after giving effect thereto: (i) no Event of Default under clause (b), (c), (h) or (i) of Section 7.01 shall have occurred and be continuing or would result therefrom, provided, however, that with respect to a proposed acquisition pursuant to an executed acquisition agreement, at the option of the Borrower, the determination of whether such an Event of Default shall exist shall be made solely at the time of the execution of the acquisition agreement related to such Permitted Business Acquisition; (ii) all transactions related thereto shall be consummated in accordance with applicable laws; (iii) with respect to any such acquisition or investment with cash consideration in excess of $50,000,000, the Borrower shall be in Pro Forma Compliance immediately after giving effect to such acquisition or investment and any related transaction; (iv) any acquired or newly formed Subsidiary shall not be liable for any Indebtedness except for Indebtedness permitted by Section 6.01; (v) to the extent required by Section 5.10, any person acquired in such acquisition, if acquired by the Borrower or a Domestic Subsidiary, shall be merged into the Borrower or a Subsidiary Loan Party or become upon consummation of such acquisition a Subsidiary Loan Party; and (vi) the aggregate cash consideration in respect of such acquisitions and investments in assets that are not owned by the Borrower or Subsidiary Loan Parties or in Equity Interests of persons that are not Subsidiary Loan Parties or do not become Subsidiary Loan Parties, in each case upon consummation of such acquisition, shall not exceed the greater of (x) $150,000,000 and (y) 0.05 times the EBITDA calculated on a Pro Forma Basis for the then most recently ended Test Period (excluding for purposes of the calculation in this clause (vi), (A) any such assets or Equity Interests that are no longer owned by the Borrower or any of its Subsidiaries and (B) acquisitions and investments made at a time when, immediately after giving effect thereto, the Net Total Leverage Ratio on a Pro Forma Basis would not exceed 3.15 to 1.00, which acquisitions and investments shall be permitted under this clause (vi) without regard to such calculation).

  • Project Finance Subsidiary means a Subsidiary that is a special-purpose entity created solely to (i) construct or acquire any asset or project that will be or is financed solely with Project Financing for such asset or project and related equity investments in, loans to, or capital contributions in, such Subsidiary that are not prohibited hereby and/or (ii) own an interest in any such asset or project.

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

  • Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.

  • 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.