Maximum Sales Price definition

Maximum Sales Price as defined in Section 5.1.1.
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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.
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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.
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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).

  • Calculate the Maximum Sales Price that can be financed at the prevailing interest rate from Step 5 based on the affordable housing allowance as determined in Step 4.

  • County shall have, and is hereby granted, a lien against a Unit ("County’s Lien") to secure payment of any amounts due and owing County pursuant to this Covenant, including, but not limited to, all sales proceeds over and above the Maximum Sales Price.

  • It will constitute an event of default if the cost of the improvements made or services performed to the residence causes the acquisition cost to exceed the Maximum Sales Price Limits.

  • In Projects in which parking for non-BMR residential units is “unbundled,” or sold or leased separately from every Housing Unit in a Project, the Project Sponsor may still choose to sell or rent the parking spaces for BMR Units within the Maximum Sales Price of the BMR Unit as established by MOH if the Project Sponsor so chooses or if the Project Sponsor is unable to provide sufficient documentation that 100% of the parking spaces in the Project are sold or rented separate from Housing Units.

  • 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.

  • Maximum Sales Price – Unless otherwise defined in the applicable Deed Restriction, is the owner’s purchase price multiplied by the appreciation (as permitted by the Deed Restriction) plus the present value of capital improvement costs for which verification of the expenditure has been provided and approved by APCHA.

  • 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).

  • 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.

  • Resident Signature Date Resident Signature Date Resident Signature Date EXHIBIT C to MASTER AFFORDABLE HOUSING COVENANTMaximum Sales Price The following assumptions shall be used in calculating the Maximum Sales Price of a For Sale Affordable Unit.


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.
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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 #.
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Maximum Sales Price is defined as set forth in the definition of “Affordable Housing Units with Sales Price Restrictions” herein.
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Maximum Sales Price means the Minimum Sales Price plus $600,000.
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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 #.
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Related to Maximum Sales Price

  • Sales Price means the actual sale execution price of each Share placed by the Agent pursuant to this Agreement.

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • Maximum Program Amount means Common Shares with an aggregate Sales Price of the lesser of (a) the number or dollar amount of Common Shares registered under the effective Registration Statement (defined below) pursuant to which the offering is being made, (b) the number of authorized but unissued Common Shares (less Common Shares issuable upon exercise, conversion or exchange of any outstanding securities of the Company or otherwise reserved from the Company’s authorized capital stock), (c) the number or dollar amount of Common Shares permitted to be sold under Form S-3 (including General Instruction I.B.6 thereof, if applicable), or (d) the number or dollar amount of Common Shares for which the Company has filed a Prospectus (defined below).

  • Total maximum daily load or "TMDL" means the sum of the individual wasteload allocations for point sources, load allocations (LAs) for nonpoint sources, natural background loading and a margin of safety. TMDLs can be expressed in terms of either mass per time, toxicity, or other appropriate measure. The TMDL process provides for point versus nonpoint source trade-offs.