Low and Moderate Income Housing Fund definition

Low and Moderate Income Housing Fund means the Low and Moderate Income Housing Fund established with respect to the Merged Area Redevelopment Project all in accordance with Sections 33334.2 et seq. and 33487 of the Law.

Low and Moderate Income Housing Fund is defined in Recital K. “Mandated Payment” is defined in the Financing Plan.

Low and Moderate Income Housing Fund means the fund of the Successor Agency by that name established pursuant to Section 33334.3 of the Law.

Examples of Low and Moderate Income Housing Fund in a sentence

• Repayments of loans or deferrals owed to the Low and Moderate Income Housing Fund pursuant to subparagraph (G) of paragraph (1) of subdivision (d) of Section 34171, which shall be used consistent with the affordable housing requirements in the Community Redevelopment Law (Part 1 (commencing with Section 33000)).

• The proceeds shall be derived from indebtedness obligations that were issued for the purposes of affordable housing prior to January 1, 2011, and were backed by the Low and Moderate Income Housing Fund.

• Years before the prior planning period began; the City had established a Redevelopment Agency and had accumulated financial resources in the Low and Moderate Income Housing Fund.

• The California Health and Safety Code requires Agency project areas to deposit 20% of allocated incremental property tax revenues (or 20% of net bond proceeds plus 20% of tax incremental revenues in excess of debt service payments on the bond) into a Low and Moderate Income Housing Fund.

• If a city, county, or city and county elects to retain the authority to perform housing functions previously performed by a redevelopment agency, all rights, powers, duties, obligations, and housing assets, as defined in subdivision (e), excluding any amounts on deposit in the Low and Moderate Income Housing Fund and enforceable obligations retained by the successor agency, shall be transferred to the city, county, or city and county.

More Definitions of Low and Moderate Income Housing Fund

Low and Moderate Income Housing Fund is defined in the Below-Market Rate Housing Plan.

Low and Moderate Income Housing Fund is defined in Recital KZ.

Low and Moderate Income Housing Fund means the fund of the Agency by that name established pursuant to Section 33334.3 of the Redevelopment Law.

Low and Moderate Income Housing Fund is defined in Recital Z.

Low and Moderate Income Housing Fund is defined in the Below-Market Rate Housing Planthe amount of Housing Increment: 1) that would have been allocated to the Agency for Agency Affordable Housing Costs in conformity with the applicable provisions of the Community Redevelopment Law that existed prior to the enactment of the Redevelopment Dissolution Law; and 2) that shall be included in the successor agency Recognized Obligation Payment Schedule.

Low and Moderate Income Housing Fund is defined in the Housing Plan. “Maintenance Budget” is defined in Section 2.7(b).

Low and Moderate Income Housing Fund refers collectively to the Low and Moderate Income Housing Fund established by the Agency for the Centre City Redevelopment Project Area, the Xxxxxx Plaza Redevelopment Project Area and Gateway Center West and Southcrest Component Areas of the Southeastern San Diego Merged Project Area pursuant to California Health and Safety Code Section 33334.3.