Maximum Sales Price definition

Maximum Sales Price as defined in Section 5.1.1.

Maximum Sales Price means the maximum amount for which an Approved Builder is authorized to sell their home to an Income Eligible Homebuyer under the Guidelines.

Maximum Sales Price. The term "Maximum Sales Price" is derived from the County median income for a family of four. The calculations and schedules of Maximum Sales Price are presented in Exhibit C.

Examples of Maximum Sales Price in a sentence

• A deed for a For Sale Affordable Unit shall not be combined with any other property, including parking spaces or storage facilities, unless the price of such property is included in the Maximum Sales Price (for initial Sales) or Maximum Resale Price (for subsequent Sales).

• During the first year of ownership, the mortgagor (directly or indirectly) cannot make improvements or have services performed on the residence that would cause the acquisition cost of the residence to exceed the Maximum Sales Price Limits.

• Project delivery cost shall be calculated as a percentage applied to the aggregate acquisition/rehab cost which is added to such cost to determine the Maximum Sales Price.

• The Maximum Sales Price shall be an amount equal to or less than the aggregate (total) cost to acquire and rehabilitate or redevelop the subject home or property up to a decent, safe and habitable condition (including related project delivery and soft costs).

• In determining the Maximum Sales Price, the eligible buyers’ housing expense ratio will not exceed thirty-five percent (35%) without approval by the City of Flagstaff Housing Director or designee.

• The information gathered from these evaluations is analysed by the School and the resulting information is then fed into an annual review of each undergraduate programme.

• This characteristic partially contributes to the fact that women are less subject to long-lasting unemployment than men (255 women versus 2.771 men in 2005).

• The Purchase Price of a residence cannot exceed the applicable Maximum Sales Price Limit.

• Following a brief discussion Director Cousins made a motion to engage Attorney James Wyatt to represent the District in this case.

• For the initial Sale, the For Sale Inclusionary Unit shall be sold to Qualified Purchasers at a purchase price at or below the Maximum Sales Price.

More Definitions of Maximum Sales Price

Maximum Sales Price is the maximum price of a For Sale Inclusionary Unit as determined pursuant to the IZ Implementation Regulations.

Maximum Sales Price is defined as set forth in the definition of “Affordable Housing Units with Sales Price Restrictions” herein.

Maximum Sales Price is the maximum price of a For Sale Affordable Housing Unit as determined by the then-current Rent and

Maximum Sales Price means the Minimum Sales Price plus $600,000.

Maximum Sales Price means the maximum purchase price for the For- Sale Affordable Units that are affordable to Moderate Income Households, as determined by the City in accordance with the procedure set forth in Exhibit G of the Affordable Housing Agreement for Mission Crossing Development recorded on --/--/2022 #.