Qualified Housing Developer definition

Qualified Housing Developer means a non-profit or for-profit organization with the ability to secure low-income housing tax credits and affordable housing financing and to develop Affordable Units consistent with the character and quality of the Residential Projects in the Project Site and with the Redevelopment Requirements.
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Qualified Housing Developer has the meaning set forth in the DDA as follows: non-profit or for-profit organizations selected by TIDA or TIHDI, as applicable, with members that have the financial and staffing capacity to develop affordable housing consistent with the character and quality of the Redevelopment Requirements and the Residential Projects, and a history of successful affordable housing development, demonstrated by the completion of not less than 75 affordable housing units or 2 affordable housing projects in the previous 7 years.
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Qualified Housing Developer means non-profit or for-profit organizations selected by the Authority (or, for Authority Housing Lots to be developed by TIHDI member organizations, by TIHDI or the applicable TIHDI member organization with Authority Approval) with the financial and staffing capacity to develop affordable housing consistent with the character and quality of the Development Requirements and the Residential Projects, and a history of successful affordable housing development, demonstrated by the completion of not less than 75 affordable housing units and 2 affordable housing projects in the previous 7 years that are comparable to the Authority Housing Project the Qualified Housing Developer is selected to develop. If the Qualified Housing Developer is a joint venture, partnership or other type of entity consisting of two or more entities, then the joint venture managing partner, managing general partner or other entity primarily responsible for the development (but not necessarily the ownership or long-term management) of the Authority Housing Lot must meet the criteria of a Qualified Housing Developer.‌
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Examples of Qualified Housing Developer in a sentence

  • As of the date of this Agreement MidPen Housing Corporation has been so designated and approved to develop the Developable Affordable Parcels, subject to the possible designation of an alternative Qualified Housing Developer as may be necessary or appropriate.

  • TIDA, TIHDI or a Qualified Housing Developer may elect to build Parking Spaces on the Authority Housing Lots and Vertical Developers may elect to build Parking Spaces on the Market Rate Lots.

  • In the event a Qualified Housing Developer constructs Parking Spaces as part of or in connection with an Authority Housing Project, the Qualified Housing Developer may set and the Authority shall Approve in its sole discretion, the Parking Charge for such Parking Spaces.

  • The County and the Qualified Housing Developer shall enter into the Conveyance Agreement no later than close of escrow for conveyance of each Affordable Housing Parcel to the County.

  • The Qualified Housing Developer and Landowner shall agree to cooperate and to take all acts reasonably necessary to reduce conflicts between the Affordable Housing Project's development and its associated Project Infrastructure and the development of other portions of the Property and associated Project Infrastructure.

  • If the Initial Financing Plan is disapproved, the Landowner and Qualified Housing Developer may resubmit, and the County shall promptly review and approve or disapprove a revised Initial Financing Plan that addresses the reasons for disapproval.

  • Landowner shall have the right to reject such proposed Project Infrastructure changes if it would materially and adversely: (i) delay (unless such delay is accepted by the Qualified Housing Developer) or increase the costs of Project Infrastructure for the Affordable Housing Project; (ii) increase the costs to other Residential Projects or their associated Project Infrastructure; or (iii) delay or interfere with actual construction of such other Project Infrastructure or such other Residential Projects.

  • If the County receives the Deferred Infrastructure Amount, the County shall transfer the Deferred Infrastructure Liquidation Amount to the Qualified Housing Developer at time of the conveyance of the Developable Affordable Parcel.

  • The Regulatory Agreement will be recorded on the Developable Affordable Parcel at the time of conveyance to the Qualified Housing Developer.

  • The County, the Qualified Housing Developer, and the Landowner shall meet and confer in good faith during the 60-day period (or such longer period as may be agreed to by the County, the Qualified Housing Developer and the Landowner) to reach agreement on the Deferred Project Infrastructure Liquidation Amount.