Project Based Section 8 definition

Project Based Section 8 means housing choice vouchers held by the City and/or Landlord pursuant to annual and/or multi-year contribution contract(s) with HUD, which may be used to assist specific housing units as authorized by Section 8(o)(13) of the U.S. Housing Act of 1937, 42 U.S.C. Section 1437f(o)(13), and the implementing regulations set forth at 24 CFR Part 983. Landlord has agreed pursuant to the Phase A Implementation Agreement, to provide Project Based Section 8 assistance to fifty (50) of the Housing Units for each and both Phases of the Project subject to various conditions precedent and other requirements set forth in the Phase A Implementation Agreement. In all events, Landlord’s obligation to provide Project Based Section 8 assistance to the Project is expressly conditioned upon the satisfactory completion of environmental review and the Landlord’s receipt of a release of federal funds from HUD. Accordingly: Notwithstanding any provision of this Ground Lease (or any Implementation Agreements), the parties hereto agree and acknowledge that this Ground Lease does not constitute a commitment of federal funds, and that such commitment of funds or may occur only upon satisfactory completion of environmental review and receipt by Landlord and/or City, as applicable, of a release of funds from the U.S. Department of Housing and Urban Development under 24 CFR Part 58. The parties further agree that the provision of any federal funds to the Project is conditioned on Landlord’s and/or City’s, as applicable, determination to proceed with, modify or cancel the Project Based Section 8 funding based on the results of a subsequent environmental review. The parties hereto are further prohibited from undertaking or committing any federal funds to physical or choice-limiting actions, including property acquisition, demolition, movement, rehabilitation, conversion, repair or construction prior to the environmental clearance; the parties understand that the violation of this provision may result in the denial of any federal funds under this Ground Lease. ―Property‖ shall mean those parcels of real property consisting of approximately acres, located at 0000-0000 Xxxx Xxxxxxx Xxxxxx [conform to Phase A address] in the City of Anaheim and designated as Assessor’s Parcel Nos. 000-000-00, 000-000-00, and 000-000-00 [conform to Phase A APN(s)], as more particularly described in the Legal Description.
Sample 1
Project Based Section 8 means a program developed by HUD to provide rental subsidies for eligible low-income families. All such assistance is ‘project-based’, i.e., the subsidy is committed by HUD for the assisted units of a particular mortgaged property for a contractually determined period.
Sample 1
Project Based Section 8 means housing choice vouchers held by the City and/or Authority pursuant to annual and/or multi-year contribution contract(s) with HUD, which may be used to assist specific housing units as authorized by Section 8(o)(13) of the U.S. Housing Act of l937, 42 U.S.C. Section 1437f(o)(13), and the implementing regulations set forth at 24 CFR Part 983. Pursuant to Section 310.1(d), Authority has agreed to consider providing Project Based Section 8 assistance for up to thirty-nine (39) of the Housing Units at each of the Projects subject to the Conditions Precedent and the provisions of Section 310.1(d), including without limitation Developer securing an allocation of 9% Tax Credits for each Project and the receipt of no more than $0.78 of equity for one dollar of Tax Credits for the Manchester Project and $0.77 of equity for one dollar of Tax Credits for the Orangewood Project, or as otherwise provided in Section 310. In all events, Authority’s obligation to provide Project Based Section 8 assistance to either of the Projects is expressly conditioned upon the satisfactory completion of environmental review and the Authority’s receipt of a release of federal funds from HUD. Accordingly: Notwithstanding any provision of this Agreement (or any Implementation Agreements), the parties hereto agree and acknowledge that this Agreement does not constitute a commitment of federal funds, and that such commitment of funds may occur only upon satisfactory completion of environmental review and receipt by Authority and/or City, as applicable, of a release of funds from the U.S. Department of Housing and Urban Development under 24 CFR Part 58. The parties further agree that the provision of any federal funds to either Project is conditioned on Authority’s and/or City’s, as applicable, determination to proceed with, modify or cancel the Project Based Section 8 funding based on the results of a subsequent environmental review. The parties hereto are further prohibited from undertaking or committing any federal funds to physical or choice-limiting actions, including property acquisition, demolition, movement, rehabilitation, conversion, repair or construction prior to the environmental clearance; the parties understand that the violation of this provision may result in the denial of any federal funds under this Agreement.
Sample 1

Examples of Project Based Section 8 in a sentence

  • If applicant is applying for Project Based Section 8 through IHCDA, Form O must be submitted.

  • If applicable, Form O to apply for IHCDA Project Based Section 8.

  • Evidence of Project Based Section 8 Rental Assistance shall include, at a minimum, a letter from the Public Housing Authority (PHA) firmly approving the project for Project Based Section 8 Rental Assistance subject to the completion of the subsidy layering review or a Commitment to enter into a Housing Assistance Payments Contract (CHAP) under the HUD Rental Assistance Demonstration (RAD).

  • These questions are asked for the sole purpose to: (1) determine an applicant household’s ability to pay rent for a unit that does not have Project Based Section 8; or (2) to advise applicant households who are applying for a unit with a Project-based Section 8 that if they move into such a unit that already has Section 8 with the unit, they will be required by their voucher agency to give up their mobile voucher.

  • Applicants that have not completed the Institute for the specific project for which they are applying are NOT eligible to request IHCDA Project Based Section 8.

  • Payments will be made in accordance with the provisions of the HAP Contract and the Project- Based Section 8 Assistance Rider.

  • The Grantee/Owner agrees to accept the Project Based Section 8 Housing Assistance Payments Contract.

  • The Resident Notification Letter and Lease Rider are not required for units occupied by households assisted with Project Based Section 8 using the HUD Model Lease.

  • Project Based Section 8 Housing Assistance Payment Contract, if applicable, which shall be executed at Closing, in the form of Attachment F.

  • See the Project Based Section 8 Rider for information regarding report requirements.


More Definitions of Project Based Section 8

Project Based Section 8 means housing choice vouchers held by the Housing Authority pursuant to an annual or multi-year contribution contract(s) with HUD, which may be used to assist specific housing units as authorized by Section 8(o)(13) of the U.S. Housing Act of 1937, 42 U.S.C. Section 1437f(o)(13), and implementing regulations set forth at 24 CFR Part 983. Housing Authority has agreed, in Section 304.2 hereof, to consider providing up to six (6) Project Based Section 8 units to the Project to the extent such assistance is necessary to ensure the financial feasibility of the Project. However, Housing Authority’s obligation to provide Project Based Section 8 assistance to the Project is expressly conditioned upon the satisfactory completion of environmental review and the Housing Authority’s receipt of a release of federal funds from HUD. Accordingly: Notwithstanding any provision of this Agreement to the contrary, the Parties acknowledge and agree that this Agreement does not constitute a commitment of federal funds, and that such commitment of funds may only occur upon satisfactory completion of environmental review and receipt by the Housing Authority of a release of federal funds for the U.S. Department of Housing and Urban Development under 24 CFR part 58. The Parties further agree that the provision of any federal funds to the Project is conditioned on Housing Authority’s determination to proceed with, modify or cancel any Project Based Section 8 funding based on the results of a subsequent environmental review. The Parties are further prohibited from undertaking or committing any federal funds to physical or choice-limiting actions, including property acquisition, demolition, movement, rehabilitation, conversion, repair or construction prior to the environmental clearance; the Parties understand that violation of this provision may result in the denial of any federal funds under this Agreement. If the federal funding for the Project is cancelled pursuant to the foregoing provisions, the Parties shall meet and confer in good faith regarding alternative funding sources for the Project.
Sample 1
Project Based Section 8 means housing choice vouchers held by the City and/or Authority pursuant to annual and/or multi-year contribution contract(s) with HUD, which may be used to assist specific housing units as authorized by Section 8(o)(13) of the U.S. Housing Act of l937, 42 U.S.C. Section 1437f(o)(13), and the implementing regulations set forth at 24 CFR Part 983. Authority has agreed to provide Project Based Section 8 assistance to forty-eight (48) of the Housing Units at the Project, subject to the Conditions Precedent set forth in Sections 204 and 205 and the provisions of the HAP Contract. In all events,
Sample 1

Related to Project Based Section 8

  • designated sector means a sector, sub-sector or industry that has been designated by the Department of Trade and Industry in line with national development and industrial policies for local production, where only locally produced services, works or goods or locally manufactured goods meet the stipulated minimum threshold for local production and content;

  • Permitted Section 5(d) Communication means the Section 5(d) Written Communication(s) and Marketing Materials listed on Schedule C attached hereto. All references in this Agreement to the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus and the Prospectus shall include the documents incorporated or deemed to be incorporated by reference therein. All references in this Agreement to financial statements and schedules and other information which are “contained,” “included” or “stated” in, or “part of” the Registration Statement, the Rule 462(b) Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, the Time of Sale Prospectus or the Prospectus, and all other references of like import, shall be deemed to mean and include all such financial statements and schedules and other information which is or is deemed to be incorporated by reference in the Registration Statement, the Rule 462(b) Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, the Time of Sale Prospectus or the Prospectus, as the case may be. All references in this Agreement to amendments or supplements to the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, the Time of Sale Prospectus or the Prospectus shall be deemed to mean and include the filing of any document under the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (collectively, the “Exchange Act”) that is or is deemed to be incorporated by reference in the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, or the Prospectus, as the case may be. All references in this Agreement to (i) the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus or the Prospectus, any amendments or supplements to any of the foregoing, or any free writing prospectus, shall include any copy thereof filed with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval System (“XXXXX”) and (ii) the Prospectus shall be deemed to include any “electronic Prospectus” provided for use in connection with the offering of the Offered Shares as contemplated by Section 3(n) of this Agreement. The Company hereby confirms its agreements with the Underwriters as follows:

  • Nominal tomographic section thickness means the full width at half-maximum of the sensitivity profile taken at the center of the cross-sectional volume over which x-ray transmission data are collected.

  • Tomographic section means the volume of an object whose x-ray attenuation properties are imaged in a tomogram.

  • Performance-Based Exception means the performance-based exception from the tax deductibility limitations of Code Section 162(m).

  • Non-Section 423 Component means those Offerings under the Plan, together with the sub-plans, appendices, rules or procedures, if any, adopted by the Administrator as a part of this Plan, in each case, pursuant to which rights to purchase Shares during an Offering Period may be granted to Eligible Employees that need not satisfy the requirements for rights to purchase Shares granted pursuant to an “employee stock purchase plan” that are set forth under Section 423 of the Code.

  • Book-Based System means a system for the central handling of securities or equivalent book-based entries under which all securities of a class or series deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery;

  • Facilities-Based CLEC means a CLEC that provides service through its own switch or a Third Party provider’s switch.

  • Description Section means the section on page one of the Certificate describing the Company's operations and the

  • subheading means the first six-digits in the tariff classification number under the Harmonized System.

  • Headings mean the chapters and the headings (four-digit codes) used in the nomenclature which makes up the Harmonised Commodity Description and Coding System, referred to in this Protocol as "the Harmonised System" or "HS";

  • Performance-based contracting means the structuring of all

  • Silicone-based Multi-purpose Lubricant means any lubricant which is:

  • B-BBEE status level of contributor means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act;

  • Line section means either that portion of an EDU's electric system connected to a customer bounded by automatic sectionalizing devices, the end of the distribution line, or a line segment identified as appropriate for study by a utility engineer.

  • Priced Schedule of Quantities means the schedule of quantities duly priced with the accepted quoted rates of the contractor.

  • Principle-based valuation means a reserve valuation that uses one or more methods or one or more assumptions determined by the insurer and that is required to comply with subsection 15 as specified in the valuation manual.

  • proof of B-BBEE status level of contributor means:B-BBEE Status level certificate issued by an authorized body or person;A sworn affidavit as prescribed by the B-BBEE Codes of Good Practice;Any other requirement prescribed in terms of the B-BBEE Act;

  • Unreasonable adverse effects on the environment means any unreasonable risk to humans or the environment, taking into account the economic, social, and environmental costs and benefits of the use of any pesticide.

  • Peak tube potential means the maximum value of the potential difference across the x-ray tube during an exposure.

  • list of accredited prospective providers means the list of accredited prospective providers which the municipality must keep in terms of paragraph 14 of this policy;

  • Assumed State and Local Tax Rate means the tax rate equal to the sum of the products of (x) the Corporation’s income tax apportionment factor for each state and local jurisdiction in which the Corporation files income or franchise tax returns for the relevant Taxable Year and (y) the highest corporate income and franchise tax rate in effect for such Taxable Year for each such state and local jurisdiction in which the Corporation files income tax returns for each relevant Taxable Year.

  • Short-Term Deferral Period means the period ending on the later of the 15th day of the third month following the end of the Executive’s tax year in which the separation from service occurs and the 15th day of the third month following the end of the Company’s tax year in which the separation from service occurs; and

  • Deemer clause means a provision under this title under which upon the

  • PRICED SCHEDULE OR QUANTITIES means the schedule duly priced.

  • Intent-Based Replacement Disclosure means, as to any security or combination of securities, that the issuer thereof has publicly stated its intention, either in the prospectus or other offering document under which such securities were initially offered for sale or in filings with the Commission made by the issuer under the Securities Exchange Act prior to or contemporaneously with the issuance of such securities, that the issuer will redeem or repurchase such securities only with the proceeds of replacement capital securities that have equity-like characteristics at the time of redemption or repurchase that are the same as or more equity-like than the securities then being redeemed or repurchased, raised within 180 days prior to the applicable redemption or repurchase date. Notwithstanding the use of the term “Intent-Based Replacement Disclosure” in the definitions of “Qualifying Capital Securities” and “Qualifying Non-Cumulative Preferred Stock”, the requirement in each such definition that a particular security or the related transaction documents include Intent-Based Replacement Disclosure shall be disregarded and given no force or effect for so long as the Corporation is a bank holding company within the meaning of the Bank Holding Company Act of 1956, as amended.