Mixed income housing definition

Mixed income housing means a housing project in which the following apply:
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Mixed income housing means a housing project in which the
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Mixed income housing means a housing project that houses tenants with a mixture of income levels, including those not of lower income, for the purpose of reducing the rents for tenants whose incomes are no greater than 60 percent of the area median income.
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Examples of Mixed income housing in a sentence

  • Mixed- income housing projects must have 20% – 25% of units reserved for affordable housing.• Similar to Chapter 40B, is the local initiative petition on which the municipality and developer work together to deliver on affordable housing through zoning conditions (Bratt & Vladeck, 2014).• The Rhode Island Low- and Moderate-Income Housing Act of 1991 (LMIH) requires 10% of housing stock in the city to be allocated to low- and moderate- income housing.

  • Mixed- income housing developments have the potential to become highly profitable for private developers who have the ability to turn all units into market-rate after 40 years of keeping a portion of the units as affordable.

  • Mixed income housing development will be a priority in the planning area to provide opportunities for a range of households and income groups.

  • Mixed income housing and multifamily units were built to accommodate a variety of households.

  • Mixed income housing refers to supportive housing which includes both apartments for individu- als with serious mental illness and apartments for non-disabled individuals, couples and families.


More Definitions of Mixed income housing

Mixed income housing means a project comprising a mix of market-rate and Restricted Affordable Units.
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Mixed income housing means a residential structure that comprises differing levels of affordability, with some units at market rate and others available to low and moderate income households at below-market rates.
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Mixed income housing means a housing project in which at least 15 percent of the total housing units are affordable housing units.
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Mixed income housing means a property where:
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Mixed income housing refers to housing developments or a portfolio of developments with Housing Units with different rent rates to accommodate Households with different income levels, and includes a proportion of Housing Units at the rent rates of Affordable Housing;
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Mixed income housing means a housing project in which the following apply: (A) Owner-occupied housing. At the option of the applicant, owner-occupied housing may be characterized by either of the following: (i) at least 15 percent of the housing units have a purchase price which at the time of first sale does not exceed 85 percent of the new construction, targeted area purchase price limits established and published annually by the Vermont Housing Finance Agency; or (ii) at least 20 percent of the housing units have a purchase price which at the time of first sale does not exceed 90 percent of the new construction, targeted area purchase price limits established and published annually by the Vermont Housing Finance Agency; (B) Rental Housing. At least 20 percent of the housing units that are rented constitute affordable housing and have a duration of affordability of no less than 20 years. 10 V.S.A. § 6001(27).
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Mixed income housing means a housing project that houses tenants with a mixture of in-
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