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

• The Agency Loan is funded from the Agency's Low and Moderate Income Housing Fund.

• Payment made to construct Restricted Units shall be provided first out of the Low and Moderate Income Housing Fund administered by the Agency pursuant to California Health and Safety Code Section 33334.3 for the purpose of increasing the supply of affordable housing within the City of Milpitas and more particularly in the Project Area.

• 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.

• SOURCE OF FUNDS City Center Low and Moderate Income Housing Fund.

• Upon the earlier of the date that is one year after the Closing Date for the 2010 Bonds or receipt by the Fiscal Agent of a Certificate of the Agency or City to the effect that moneys are no longer to be held in such Fund, all moneys remaining in such Fund shall be transferred by the Fiscal Agent to the City for deposit to the Low and Moderate Income Housing Fund.

More Definitions of Low and Moderate Income Housing Fund

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

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

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.