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.
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Examples of Required BMR Units in a sentence

  • Required BMR Units by Income Category Income LevelFor-Sale UnitsRental UnitsModerate60%50%Low40%20%Very Low—30% If the allocation calculations result in a decimal fraction, the rounding rules contained in Section8.68.030.A and explained in Section 2.4, above, apply.

  • Krishnamurthy and Vissing-Jørgensen (2011) examine several channels through which the LSAPs might affect spreads in the market for MBS.

  • 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.

  • The Required BMR Units shall include a mix of Low-Income and Very-Low Income units, as set forth below.

Related to Required BMR Units

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.