Examples of Purpose-Built Rental Housing in a sentence
Recommended Action: The City should implement a Purpose-Built Rental Housing - Building Renovation Program (CIP) to offer grants or forgivable loans to rental properties that require improvements to improve accessibility or require critical repairs to improve the safety.
Study #2A: Purpose-Built Rental Housing - Inventory and Risk Analysis The primary purpose of this specialized study is to determine the amount and degree of risk for redevelopment or conversion to condo of the existing purpose-built rental housing stock.
Purpose-Built Rental Housing Project, 100% of the Revitalization Amount attributed to Building Permit No between 20¬¬ (the calendar year before the commencement of construction of the project) and 20 (the calendar year in which the Revitalization Tax Exemption Certificate is issued).
Study #2D: Purpose-Built Rental Housing – Economics of New Supply The economics of new rental supply are under stress due to a number of factors, not the least of which is competition with strata condo development for scarce land resources.
Development that meets the definition of Purpose-Built Rental Housing may be eligible for an additional 25% reduction in development charges as described in Schedule B to this by-law.
The City will not provide funding for the on-going operations of a Purpose-Built Rental Housing Project, including repairs, replacements of capital assets, or other operational activities.
This incentive is subject to the project meeting the eligibility criteria defined in section 3.2 “Eligibility Criteria – Purpose-Built Rental Housing Projects”.
For Purpose-Built Rental Housing Projects throughout the City, 100% of the municipal share of the property tax due annually in relation to improvements on the Parcel where the project is subject to a Housing Agreement (for up to 10 years) and is in compliance with the OCP Future Land Use designation as at May 30, 2011.
For Purpose-Built Rental Housing Projects within the Core Area, Glenmore Valley Village Centre and University South Village Centre as defined by the OCP, 100% of the Revitalization Amount on the parcel, for projects that are subject to a Housing Agreement (for a minimum of 10 years) and where the proposed project is in compliance with the OCP Future Land Use designation at the time of Revitalization Tax Exemption application.
The City will provide a five-year property tax abatement of the incremental tax increase for the residential portion of any eligible Purpose-Built Rental Housing Project.