Modest Housing definition

Modest Housing means the housing has a purchase price for the type of single-family housing that does not exceed the Single Family Mortgage Limits under Section 203(b) of the National Housing Act (12 U.S.C. 1709(b), as provided annually by the Greensboro Office of HUD.
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Modest Housing means the housing has a purchase price for the type of single- family housing that does not exceed 95% of the area median purchase price for single family housing in the area, in accordance with 24 CFR §92.254(a)(2)(iii), as provided annually by the Seattle office of HUD.
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Examples of Modest Housing in a sentence

  • The DEVELOPER will ensure that all HOME assisted units will be in compliance with 24 CFR 92.254, including documenting that the property is Single Family Housing and Modest Housing (housing that does not exceed 95% of the median purchase price for the area) 92.254(a) (2) (i), and will be the principle residence of the income eligible family throughout the affordability period.

  • Below the table there is a graph representing the data in the table (Fig.

  • MODEST HOUSING LIMIT (Applicable for HOME funded Loans only) This loan is subject to the Modest House Limits which requires the value of the subject property not to exceed the Modest Housing Limits for the HOME Program as established and issued periodically by HUD.

  • The single-family property may be a detached unit, semi-detached, townhouse or a unit in a multifamily structure. Modest Housing: HUD has determined that the definition of modest housing can be the higher of HUD’s price value limits, which are equal to 95 percent of the median sales price for Anne Arundel County as defined by HUD, or the FHA 203(b) limit issued in February 2008.

  • Mr. Speaker, House Resolution 515 provides for consider- ation of H.R. 3189, the Water Rights Protection Act, under a structured amendment process, making in order three amendments and providing for extra time for debate for the substitute amendment, which will be offered by Mr. POLIS.

  • Refinancing DHCD does not use HOME funds to refinance existing debt secured by multi-family housing that isbeing rehabilitated ith HOME funds.3. Definition of Modest Housing DHCD defines “modest housing” by following the method outlined in 24 CFR 92.254(a) (iii) for its homebuyer assistance and single family rehabilitation programs.

  • All program descriptions were taken from the Province of Nova Scotia, Department of Community Services, web site.Family Modest Housing ProgramThis fund provides inexpensive mortgages of up to $70,000 to families with $50,000 or less of household income who do not currently own a home.

  • Students requesting to live in Modest Housing for 2016-17 agree to a no-visitation policy by members of the opposite gender, a commitment to a 24 hour quiet lifestyle and an alcohol and smoke free lifestyle.

Related to Modest Housing

  • Target housing means any housing constructed prior to 1978, except housing for the elderly or persons with disabilities (unless any one or more children age 6 years or under resides or is expected to reside in such housing for the elderly or persons with disabilities) or any 0-bedroom dwelling.

  • guest house means an accommodation establishment providing overnight lodging with at least one daily meal;

  • Workforce housing means housing for sale or rent with combined rental costs

  • Elderly Housing means housing intended for and only occupied by Elderly persons, including a family in which all members are Elderly. All household members must be Elderly (no children, and no disabled persons under the age of 62).

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Residential housing or "Residence" means a single-family, owner-occupied dwelling located within the State that qualifies for financing by the Authority within the meaning of the Act, the Rules and Regulations, the Code and related regulations.

  • Affordable housing means housing that is available at a cost low enough to meet the needs of eligible households having regard to local incomes and local house prices and which will remain at an affordable price for future eligible households or, if not, that the subsidy is recycled for alternative affordable housing provision

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the Development in accordance with the application and/or any subsequent reserved matters approval.

  • Affordable Housing Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60 percent of area median income, as median income was most recently determined by the United States Department of Housing and Urban Development for the Minneapolis- St. Paul- Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Rental housing means development of a building or structure with four or more dwelling units all of which are intended for use as rented residential premises.

  • Dewatering means the removal of water for construction activity. It can be a discharge of appropriated surface or groundwater to dry and/or solidify a construction site. It may require Minnesota Department of Natural Resources permits to be appropriated and if contaminated may require other MPCA permits to be discharged.

  • Moderate income housing means housing occupied or reserved for occupancy by households with a gross household income equal to or less than 80% of the median gross income for households of the same size in the county in which the city is located.

  • Housing project means a project, or distinct portion of a

  • Multi-family housing means a building or structure that is designed to house two (2) or more different households in separate housing Units which have full kitchen facilities including oven/range, refrigerator, kitchen sink with hot and cold water supply and food storage facilities and at least one (1) full bathroom facility(s), one (1) full bedroom and one (1) living area (including a combination thereof such as studio arrangements).

  • Infrastructure project means any construction or acquisition of treatment works,

  • Multifamily housing means housing accommodations designed as a residence for more than 1 family.

  • Tube housing assembly means the tube housing with tube installed. It includes high-voltage and/or filament transformers and other appropriate elements when such are contained within the tube housing.

  • Virginia Stormwater Management Program or “VSMP” means a program approved by the State Board after September 13, 2011, that has been established by a locality to manage the quality and quantity of runoff resulting from land-disturbing activities and shall include such items as local ordinances, rules, permit requirements, annual standards and specifications, policies and guidelines, technical materials, and requirements for plan review, inspection, enforcement, where authorized in this article, and evaluation consistent with the requirements of this article and associated regulations.

  • Virginia Stormwater Management Act means Article 2.3 (§ 62.1-44.15:24 et seq.) of Chapter 3.1 of Title 62.1 of the Code of Virginia.

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Affordable housing program(s means any mechanism in a municipal Fair Share Plan prepared or implemented to address a municipality’s fair share obligation.

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • Housing means residential accommodation and facilities, common areas and services used directly with the residential accommodation. Housing does not include commercial or institutional premises, social or recreational services, and services or facilities related to mental or physical health care, education, corrections, food services, social support or public recreation;

  • Hotels means the hotel properties described in Exhibit A hereto, as it may be amended from time to time by mutual agreement of Lessee and Operator to add hotel properties or to delete hotel properties as a result of termination of this Agreement with respect to one or more hotel properties pursuant to the termination provisions set forth in this Agreement. “Hotel” shall mean any hotel set forth on Exhibit A as it may be amended from time to time.