Multifamily Project definition

Multifamily Project has the meaning set forth in the Summary of Loan Terms.
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Multifamily Project means multifamily residences built as a single project, in one or more buildings.
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Multifamily Project means a project which consists of not less than five dwelling units on one site, each such unit providing complete living facili- ties including provisions for cooking, eating, and sanitation within the unit and which is not now covered by a mortgage insured or held by the Sec- retary.F
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Examples of Multifamily Project in a sentence

  • Multifamily projects will be assigned to the (DEO) Housing Repair and Replacement Program (HRRP) Multifamily Project Manager rather than proceeding through the standard case management process.

  • Applications for multifamily projects will be completed via a manual process and in coordination between the Multifamily Project Manager and the property owner.

  • Part 266 – Housing Finance Agency Risk-Sharing Program for Insured Affordable Multifamily Project Loans.

  • Today KH owns or manages 547 units of affordable housing including 154 units under a HUD Multifamily Project Based Section 8 contract, six Low Income Housing Tax Credit (LIHTC) properties, two homes for individuals diagnosed with chronic mental illness, and ten former public housing developments.

  • The word “abstention” will not be included in the minutes; abstentions will be recorded as a “yes” vote.

  • Executive Order 13563 (Improving Regulations and Regulatory Review) directs executive agencies to analyze regulations that are ‘‘outmoded, ineffective, insufficient, or excessively burdensome, and to modify, streamline, expand, or repeal them in accordance with what has been learned.’’This proposed rule updates HUD’s regulations pertaining to Housing Finance Agency Risk Sharing Program for Insured Affordable Multifamily Project Loans, codified in 24 CFR part266.

  • This Affordable Housing Bylaw shall apply to all projects where a special permit and/or variance is sought from any Town board or body to construct a Multi-family Project under Section 7.3, or a Mixed-Use Project under Section 7.4, or an Age Restricted Project under Section 7.8, of ten rental dwelling units or more.

  • See Housing Notice: H 2019-03 for guidance on the Section 221(d)(4) and Section 220 New Construction and Substantial Rehabilitation Multifamily Project with LIHTC Pilot Program.

  • The parties hereto agree and acknowledge that MHFA has either already submitted, or may at some time in the future submit, its HUD Risk-Sharing Program Loan made to Borrower in the original principal amount of $ (the “HRS Loan”) to the United States Department of Housing and Urban Development (“HUD”) for insurance under HUD’s Housing Finance Agency Risk-Sharing Program for Insured Affordable Multifamily Project Loans (“HUD Risk-Sharing Program”).

  • Tenant acknowledges that Landlord may be in the process of constructing all or portions of the Multifamily Project and the Common Area or related work adjacent to the Project ("Landlord's Project Construction Work").


More Definitions of Multifamily Project

Multifamily Project means a project which consists of not less than five dwelling units on one site, each such unit providing complete living facili- ties including provisions for cooking, eating, and sanitation within the unit and which is not now covered by a mortgage insured or held by the Sec- retary. FEES AND CHARGES (a) Preapplication conference. The local HUD Office will determine wheth- er participation in a preapplication conference is required as a condition to submission of an initial application for a firm commitment for insurance of an energy savings improvement loan on a project. An application for a firm com- mitment for insurance must be sub- mitted by both the project sponsor and an approved lender. Applications shall be submitted to the local HUD Office on HUD-approved forms. No applica- tion will be considered unless accom- panied by all exhibits required by the form and program handbooks.
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Multifamily Project means a project which consists of not less than five dwelling units on one site, each such unit providing complete living facili- ties including provisions for cooking, eating, and sanitation within the unit
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Multifamily Project usually means a project containing five or more family units.
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Multifamily Project means an affordable housing project consisting of two or more multifamily household units, in one or more separate buildings or real properties, and which are being rented or leased to eligible tenants as identified in Attachment B – Scope of Work.
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Related to Multifamily Project

  • Multifamily Property means any real property on which multifamily residential-use development has been constructed or is now or hereafter proposed to be constructed (for example, and not by way of limitation, a property of the type managed by the Company).

  • Multifamily dwelling means a structure that contains more than one separate residential dwelling unit, which is used or occupied, or intended to be used or occupied, in whole or in part, as the home or residence of one or more persons.

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

  • Single Family Property A one-unit residential property.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • 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.

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

  • Residential Project means a redevelopment project that is

  • Single-family housing means housing accommodations designed as a residence for not more than 1 family.

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Cooperative Project With respect to any Cooperative Loan, all real property and improvements thereto and rights therein and thereto owned by a Cooperative Corporation including without limitation the land, separate dwelling units and all common elements.

  • Mixed-use project means a project comprising both a qualified

  • Qualified project means the construction or expansion of any capital project of the Borrower or any of its Restricted Subsidiaries, the aggregate actual or budgeted capital cost of which (in each case, including capital costs expended by the Borrower or any such Restricted Subsidiaries prior to the construction or expansion of such project) exceeds $50,000,000.

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

  • Commercial project means any project, including, but not

  • Residential property means improved property that:-

  • Investment project means an investment in qualified buildings

  • Apartment Dwelling means any dwelling unit within a building containing more than four dwelling units where the units are connected by an interior corridor;

  • Residential means any school trip which includes an overnight stay.

  • Financeable Ground Lease means, a ground lease reasonably satisfactory to the Administrative Agent on behalf of the Lenders, which must provide customary protections for a potential leasehold mortgagee (“Mortgagee”) such as (i) a remaining term, including any optional extension terms exercisable unilaterally by the tenant, of no less than 25 years, (ii) a provision that the ground lease will not be terminated until the Mortgagee has received notice of a default, has had a reasonable opportunity to cure and has failed to do so, (iii) provision for a new lease to the Mortgagee as tenant on the same terms if the ground lease is terminated for any reason, (iv) transferability of the tenant’s interest under the ground lease by the Mortgagee without any requirement for consent of the ground lessor unless based on delivery of customary assignment and assumption agreements from the transferor and transferee, (v) the ability of the tenant to mortgage tenant’s interest under the ground lease without any requirement for consent of the ground lessor and (vi) provisions that the tenant under the ground lease (or the leasehold mortgagee) has customary protections with respect to the application of insurance proceeds or condemnation awards attributable to the tenant’s interest under the ground lease and related improvements.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Affordable Housing Cost means an amount satisfied by:

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Single-family dwelling means a private residence provided with sleeping and cooking facilities intended for domestic use and in which the occupants live as a single housekeeping unit that is not part of a Multiple Dwelling;

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Hotel Property means a Property on which there is located an operating hotel.