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

  • 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.

Related to Required BMR Units

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Common Units is defined in the Partnership Agreement.

  • Company Units has the meaning set forth in the Recitals.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.