Required BMR Units definition
Required BMR Units means all Required BMR 80% Units and Required BMR 50% Units within CFD No. 7. Any units within CFD No. 7 that are not Required BMR Units or Agency Affordable Housing Units, as defined herein, shall be taxed as Market Rate Units pursuant to Section C below.
Examples of Required BMR Units in a sentence
The Required BMR Units shall include a mix of Low-Income and Very-Low Income units, as set forth below.
If a default delays initial occupancy of Required BMR Units or removes them from the market, then the term of the Regulatory Agreement with respect to those units shall be extended by an equal amount of time.