Scattered site project means multiple location Projects that:
Scattered site project means a project that consists of buildings which are not all proximate to one another, is financed pursuant to a common financing plan and 100 percent of the residential rental units of which are rent-restricted within the meaning of section 42(g)(2) of the Code.
Scattered site project means a project that consists of buildings which are not all proximate to one another within the same municipality or contiguous municipalities, is financed pursuant to a common financing plan and 100 percent of the residential rental units are occupied by qualified low- income households.
More Definitions of Scattered site project
Scattered site project means a project that consists of buildings which are not all proximate to one another but located within the same municipality. The entire project must be included within a municipally approved redevelopment area. The Agency must determine that a scattered site project would be a compliment to the municipality’s overall redevelopment plan. A project that is complementary to an overall redevelopment plan will be found to have a positive impact on the neighborhood by improving the health, safety and welfare of the residents. To be considered an eligible project, each building must meet one or both of the following criteria: (1) be within ½ mile of a rail, light rail, subway, ferry, or major bus corridor station (2) within an approximate ½ mile radius of the most central project building. Additionally, each building must be underwritten as self-supporting and the developer will be responsible for providing personal guarantees or other acceptable credit enhancement on each building as security against the aggregate loan. The developer must also demonstrate that management and operations of these scattered properties is possible and efficient.
Scattered site project means multiple location Projects which are either At-Risk Projects within the same city or within five (5) miles of each other; or Non-At Risk Projects within one (1) mile of each other.
Scattered site project means a Project with five or more units on one or more contiguous or non-contiguous sites that meet the additional requirements in UMR Section 8303(b)(1)-(5).
Scattered site project means a Project located on multiple Sites. "Site" means the address or physical location of the Units withinthe Project.
Scattered site project means multiple location Projects which are either Federally Assisted At-Risk Projects within the same city or within five (5) miles of each other; or Non-Federally Assisted At Risk Projects within one
Scattered site project means multiple location projects which are:
Scattered site project means a project that consists of buildings that are not all proximate to one another within the same municipality or contiguous municipalities, financed pursuant to a common financing plan and 100 percent occupied by qualified low-income households.