Proximity Workforce definition
Examples of Proximity Workforce in a sentence
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 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.
The Owner shall not rent or otherwise Lease the Home to another party, unless such rental or Lease is to an Eligible Proximity Workforce Household.
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.
The Proximity Housing Program is designed to make housing affordable to Eligible Proximity Workforce Households by providing secondary home buyer assistance loans to members of the Proximity Workforce.
In the event a Transfer (that is not a Permitted Transfer) occurs by devise or inheritance due to death of the Owner, the administrator of the Owner's estate or the person inheriting the Home shall provide written notice to the County of the Owner's death within thirty (30) days of the date of death and the following procedures shall apply: The person inheriting the Home (the "Inheriting Owner") shall be deemed to qualify as an Eligible Proximity Workforce Household.
The County has identified an affordability gap between the homes that members of the Proximity Workforce can purchase and the median home prices for homes typically constructed in the County.
Any rental or Lease of the Home to anyone other than an Eligible Proximity Workforce Household is prohibited and shall constitute a Default by Owner and the County may then exercise any of the remedies set forth in Section 9.2 below.
Owner shall provide the County with notice of any rental or Lease of the Home to an Eligible Proximity Workforce Household which notice shall include information necessary for the County to determine the Household's status as an Eligible Proximity Workforce Househol.
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.