Restricted Rental Units definition

Restricted Rental Units means tenant occupied units within a Qualified Residential Rental Project that are restricted to households earning 60% or less of the applicable median family income pursuant to a Bond Regulatory Agreement or a CTCAC regulatory agreement for a minimum of thirty (30) years.
Sample 1Sample 2Sample 3
Restricted Rental Units means tenant occupied units within a Qualified Residential Rental Project that are restricted to households earning 60% or less of the applicable median family income pursuant to a Bond Regulatory Agreement.
Sample 1Sample 2Sample 3
Restricted Rental Units means tenant occupied units within a Qualified Residential Rental Project that are restricted to households earning 60% or less of the applicable median family income pursuant to a Bond Regulatory Agreementor a CTCAC regulatory agreement for a minimum of thirty (30) years.
Sample 1

Examples of Restricted Rental Units in a sentence

  • In summary, if a patient is too late for his appointment and arrives to the system at a point in time where the physician is not available, then he will not enter the system.

  • Example: If only one of the unit types out of three unit types within the project is not 20% below market, the project does not receive points.Market Study Data UNIT TYPE37.35 – 20 = 17.35 1 point (x) 17.35 the % that the average rental rate is below 20%. 10 Total points (10 points maximum-round to one-tenth decimal place)Large Family Units 5 points will be awarded to those Projects where at least twenty-five percent (25%) of the Restricted Rental Units are three-bedroom or larger units.

  • Owner shall assure that all CNI Restricted Rental Units shall be initially occupied by households earning less than eighty percent (80%) of the Median Income, as verified by the Agency.

  • The elements presented reflect guidelines developed by organizations nationwide, as well as by accrediting and licensing bodies.

  • Owner and all subsequent owners, successors and assignees, upon acceptance of a deed to the Property, the Development, the Restricted Rental Units or such larger parcel of land that may include the Restricted Rental Units, shall be personally obligated hereunder for the full and complete performance and observance of all covenants, conditions and Restrictive Covenants containedherein during the period of ownership of the Property, the Development and the Restricted Rental Units.

  • This Restrictive Covenant may be amended or terminated only by a written instrument recorded in the records of Summit County and executed by the Town and the Owner of the Property and Restricted Rental Units.

  • Further, the total amount of liquidated damages payable to the Town under this Paragraph 11 shall in no event exceed the then-current value of the applicable restriction on use of the Restricted Rental Unit under this Restrictive Covenant, as calculated based upon the difference between the applicable rental rate of the market rate units and the applicable rate of the Restricted Rental Units, as calculated at the time ofviolation, for the period of the violation.

  • The terms, restrictions and covenants contained herein shall run with the land and bind the land and the Restricted Rental Units for a term of Ninety-nine (99) years from the date that this Restrictive Covenant is recorded, after which time the terms of this Restrictive Covenant shall be automatically extended for successive periods of Ten (10) years.

  • Points will be awarded as set forth below for the percentage of units that are Restricted Rental Units.

  • Occupancy of the Restricted Rental Units on a rental basis is hereby limited exclusively to a Qualified Occupant, and Owner shall not make any rental use or other use of the Restricted Rental Units except for the purpose of leasing the Restricted Rental Unit to a Qualified Occupant.


More Definitions of Restricted Rental Units

Restricted Rental Units means Age-Restricted Rental Units and Senior Housing Rental Units.
Sample 1

Related to Restricted Rental Units

  • Rental Unit means a structure or part of a structure used as a home, residence, or sleeping unit by a single person or household unit, or any grounds, or other facilities or area promised for the use of a residential tenant and includes, but without limitation, apartment units, boarding houses, rooming houses, mobile home spaces, and single and 2-family dwellings.

  • Residential Rental Unit means an area legally licensed or permitted for use as a living space containing a sleeping area, bathing and sanitation facilities and cooking facilities equipped with a cooking range, refrigerator and sink, all of which are separate and distinct from other Residential Rental Units. Reg. §§ 1.103-8(a) 8(i).

  • Age-restricted unit means a housing unit designed to meet the needs of, and exclusively for, the residents of an age-restricted segment of the population such that: 1) all the residents of the development wherein the unit is situated are 62 years of age or older; or 2) at least 80 percent of the units are occupied by one person who is 55 years of age or older; or 3) the development has been designated by the Secretary of the U.S. Department of Housing and Urban Development as “housing for older persons” as defined in Section 807(b)(2) of the Fair Housing Act, 42 U.S.C. § 3607.

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • Restricted Distribution means as to any Person (i) any dividend or other distribution on any equity interest in such Person (except those payable solely in its equity interests of the same class) or (ii) any payment on account of (a) the purchase, redemption, retirement, defeasance, surrender or acquisition of any equity interests in such Person or any claim respecting the purchase or sale of any equity interest in such Person or (b) any option, warrant or other right to acquire any equity interests in such Person.

  • Restricted Units has the meaning set forth in the recitals to this Award Agreement.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Restricted Assets means all licenses, permits, franchises, approvals or other authorizations from any Governmental Authority from time to time granted to or otherwise held by the Company to the extent the same constitute “Excluded Assets” under (and as defined in) the Senior Lien Documents or the Junior Lien Documents or are similarly carved out from the granting clause or the collateral thereunder.

  • Restricted Property means (a) any property of the Company located within the United States of America that, in the opinion of the Company’s board of directors, is a principal manufacturing property or (b) any shares of capital stock or Debt of any Subsidiary owning any such property.

  • 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.

  • Restricted Unit means a Unit granted under the Plan that is subject to a Restricted Period.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Restricted Share Agreement means the agreement between the Company and the recipient of a Restricted Share which contains the terms, conditions and restrictions pertaining to such Restricted Shares.

  • Residential Units means individually or collectively (as the context requires), any or all residential apartment unit(s) in the Project.

  • Restricted rights, as used in this clause, means the rights of the Government in restricted computer software, as set forth in a Restricted Rights Notice of paragraph (g) if included in this clause, or as otherwise may be provided in a collateral agreement incorporated in and made part of this contract, including minor modifications of such computer software.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Restricted Debt Payments has the meaning set forth in Section 6.04(b).

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Restricted Debt Payment has the meaning set forth in Section 6.04(b).

  • 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.

  • Class B Units means the Class B Units of the Company.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Restricted Debt has the meaning set forth in Section 6.04(b).