IZ Unit definition

IZ Unit. – means a Unit that has income and affordability restrictions pursuant to the City’s Inclusionary Zoning Ordinance and Unified Housing Policy.
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IZ Unit means a unit that was required to meet affordability standards pursuant to the City’s IZ Requirements.
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Examples of IZ Unit in a sentence

  • Each IZ Unit lease must include the legal name(s) of the parties to the agreement and all other occupants, a description of the Unit to be rented (address), the term of the lease, the rental amount, the use of the premises, and the rights and obligations of each party.

  • When an existing rental IZ Unit becomes vacant, the Owner may select an eligible applicant using a process of their choice (e.g. first-come, first- served or a randomized selection) provided the selection is consistent with the City’s affirmative marketing requirements described in Section 4.3 above.

  • Project owners may only select applicants whose household size is less than the number of bedrooms in the IZ Unit if there are no qualified applicants of a compatible size.

  • If the owner initiates an eviction proceeding and the household vacates the IZ Unit, no recertification is necessary.

  • If, for any reason, it is determined that the household will not vacate the IZ Unit as anticipated (i.e., court does not grant the UD), a recertification will be necessary within 120 days of the determination.

  • They shall also be made aware that the anticipated income of all persons expecting to occupy the IZ Unit must be verified prior to occupancy, that household income will be reviewed annually, and that tenants of rental IZ Units whose incomes rise beyond the program limits will be required to relocate.

  • For initial lease-up of newly-designated IZ Units, the City will conduct a blind randomized selection for each IZ Unit using the spreadsheet of applicants provided by the project owner and any potential applicants that have contacted the City directly off of the City’s IZ Interest List or otherwise provided preliminary eligibility information.

  • In order to comply with this law, a Government Data Practices Act Statement form must be kept in each IZ Unit a household’s permanent file.

  • The City’s goal is that the size of the household renting an IZ Unit is compatible with the size of the IZ Unit so affordable Units are not under-utilized.

  • Applicants for IZ Units whose household size is equal to or greater than the number of bedrooms in the IZ Unit will have preference for the IZ Unit.

Related to IZ Unit

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • LLC Unit means a common limited liability interest in the Company.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Said Unit means the said Flat, the said Vehicle Parking Space, (if any), and the right of common use of the Common Portions and wherever the context so intends or permits, shall also include the Said Undivided Share.

  • OP Unit means a Partnership Unit which is designated as an OP Unit of the Partnership.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Animal Unit means a unit of measure used to compare differences in the production of animal manure and set forth in Minn. R. 7020.0300, subp. 5.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Heat unit means a unit of energy equal to the product of the peak kilovoltage, milliamperes, and seconds, i.e., kVp x mA x second.

  • target unit means a facility or group of facilities to which an underlying agreement applies; “tCO2 equivalent” means tonnes of carbon dioxide equivalent;

  • Unit and “Quality” means the unit and quantity specified in the schedule.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Membership Unit means an outstanding common membership unit of the LLC.

  • Management Unit means an area established by the Commission for management purposes.

  • New unit means a unit that commences commercial operation on or after November 15, 1990, including any such unit that serves a generator with a nameplate capacity of 25 MWe or less or that is a simple combustion turbine.

  • LTIP Unit means a Limited Partnership Interest which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.4 hereof and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth on Exhibit A, as may be amended from time to time.

  • Class B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Share Unit means either an RSU or a PSU, as the context requires.

  • apartment unit means any residential dwelling unit within a building containing three or more dwelling units where access to each residential unit is obtained through a common entrance or entrances from the street level and the residential units are connected by an interior corridor;

  • Work Unit means a working department or service, as defined by the Employer.

  • Class C Unit means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having the rights and obligations specified with respect to the Class C Units in this Agreement. The term “Class C Unit” does not refer to a Common Unit until such Class C Unit has converted into a Common Unit pursuant to the terms hereof.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;