Mixed Income Project definition

Mixed Income Project means a Qualified Residential Rental Project having 50% or fewer of its total units designated as Restricted Rental Units.

Mixed Income Project means a Qualified Residential Rental Project that is a New Construction project and either (1) is not utilizing the Average Income test of Internal Revenue Code Section 42 (g)(1)(C) and has 50% or fewer of its total units designated as Restricted Rental Units, or (2) is part of the California Housing Finance Agency Mixed-Income Program. In a Competitive Application Process, a Mixed Income Project may only apply for an allocation of tax-exempt bonds if the ratio of tax-exempt bonds, not including recycled bonds, to aggregate depreciable basis plus land basis is less than or equal to the ratio of units that will be restricted pursuant to a CTCAC regulatory agreement.

Mixed Income Project means an affordable housing

Examples of Mixed Income Project in a sentence

• Under this category, to be considered a Mixed Income Project a minimum of 10% of the units in the project must be unrestricted, market-rate dwelling units.

• NHD will rank Mixed Income Project applications based on the highest percentage of market-rate units that exceed the minimum requirement of 10%.

• Under this category, to be considered a Mixed Income Project, a minimum of 10% of the units in the project must be unrestricted, market-rate dwelling units.

• In reviewing any Residential Mixed Income Project subject to a Project Review Special Permit under Article 19.000, the Planning Board shall look to the Central Square Design Guidelines dated February 2013 (updated May 2013) for guidance and direction in assessing the project’s conformance with the applicable project review criteria set forth in this Ordinance, provided that in the event of any conflict between such Design Guidelines and this Ordinance, the provisions of this Ordinance shall govern.

• A Residential Mixed Income Project may contain more than one building constructed as part of a common scheme of development or phased development program.

More Definitions of Mixed Income Project

Mixed Income Project means a project that includes residential housings with fewer than all residential units made available at affordable rates. “Affordable” for purposes of this definition means residential units affordable to 60% or lower Median Family Income.

Mixed Income Project means a Qualified Residential Rental Project that is a New Construction Project which either (1) is not utilizing the Average Income test of Internal Revenue Code Section 42 (g)(1)(C) and which has 50% or fewer of its total units designated as Restricted Rental Units or; (2) is part of the California Housing Finance Agency Mixed- Income Program. In a Competitive Application Process, a Mixed Income Project may only apply for an allocation of tax-exempt bonds for units that will be restricted pursuant to a TCAC regulatory agreement.

Mixed Income Project means a Qualified Residential Rental Project having 50% or fewer of its total units designated as Restricted Rental Units or are part of the California Housing Finance Agency Mixed-Income Program.

Mixed Income Project means an affordable housing development in which a percentage of units have restricted availability to households at or below given area median income levels, proportional to the demonstrated housing needs of the local community. The percentage of income restricted units and affordability levels must comply with laws enacted by local governments promoting the development of new affordable housing units pursuant to section 29-20-104 (1).

Mixed Income Project means a Project seeking an Allocation from the “Mixed Income Project Set-Aside” as such term is defined in Section 5000 of the CDLAC Regulations.

Mixed Income Project means a public hous- ing project that meets the requirements of section 28.

Mixed Income Project means a Qualified Residential Rental Project which either (1) is not utilizing the Average Income test of Internal Revenue Code Section 42 (g)(1)(C) and which having has 50% or fewer of its total units designated as Restricted Rental Units or; (2) are is part of the California Housing Finance Agency Mixed-Income Program.