Examples of Proximity Workforce in a sentence
By way of example, if an Eligible Proximity Workforce Household receives a Proximity Housing Loan from the County in the amount of $10,000 and purchases a home with an Original Base Price of $100,000, the County's Shared Appreciation Percentage would be 10% based on the Proximity Housing Loan being 10% of the total purchase price.
The Proximity Housing Program is an effort to increase housing opportunities affordable to members of the Proximity Workforce and to reduce displacement of those members who may otherwise choose to purchase homes outside of the County due to lower home prices by strongly encouraging the creation of a jobs-to-housing nexus for members of the Proximity Workforce.
The purpose of the Proximity Workforce Housing Assistance Program (the "Proximity Housing Program") is to assist low and moderate income households to purchase a home close to their place of work.
To be eligible to receive Proximity Housing Assistance, a person shall be required to: have at least one member of the household certified as a member of the Proximity Workforce at the time of execution of a purchase and sale agreement for a Proximity Housing Unit; certify that the Owner’s gross household income does not exceed one hundred twenty percent (120%) of the Area Median Income; and occupy the unit as that Owner’s Primary Residence; Section 302.
By way of example, if an Eligible Proximity Workforce Household receives a Proximity Housing Loan from the County in the amount of $16,500 and purchases a home with an Original Base Price of $100,000, the County's Shared Appreciation Percentage would be 16.5% based on the Proximity Housing Loanbeing 16.5% of the total purchase price.
The Owner certifies that the employment, income and other information previously provided to the County in order to qualify for the Proximity Housing Loan is true and correct as of the date first written above and that the County has certified the Owner as an Eligible Proximity Workforce Household.
Absent the provisions of the Proximity Housing Program, the Proximity Housing Guidelines and the provisions of this Agreement, the Proximity Housing Note, and the Proximity Housing Deed of Trust, the Home could not be made available to Eligible Proximity Workforce Households, including Owner.
The Proximity Housing Program is an effort to increase housing opportunities affordable to members of the Proximity Workforce and to stimulate responsible development strategies aimed at reducing greenhouse gas emissions and vehicle miles traveled, by strongly encouraging the creation of a jobs-to-housing nexus for members of the Proximity Workforce.
Borrower acknowledges that this Note is given in connection with the purchase of the Home as part of a program of the County to assist in the purchase of homes by low and moderate income Eligible Proximity Workforce Households.
The purpose of the Proximity Workforce Housing Assistance Program (the "Proximity Housing Program") is to assist low- and moderate-income households to purchase a home close to their place of work.