Shipyard Housing Increment definition
Shipyard Housing Increment is defined in the Financing Plan. “Shipyard Indebtedness” is defined in Section 3.1(a). “Shipyard Plan Amendment” is defined in Recital A.
Shipyard Housing Increment is defined in the Financing Plan. “Shipyard Net Available Increment” is defined in the Financing Plan. “Shipyard Site” is defined in the DDA.
Shipyard Housing Increment means the portion of Shipyard Increment: 1) that would have been, prior to the enactment of the Redevelopment Dissolution Law, deposited into the Low and Moderate Income Housing Fund to be used to increase, improve, and preserve the City’s supply of housing for persons and families of very low-, low-, or moderate-income under and in the amount required by section 33334.2 of the CCRL, which amount shall be equal to twenty percent (20%) of all Shipyard Increment or such other minimum amount required by section 33334.2 of the CCRL; and 2) that shall be included in the successor agency Recognized Obligation Payment Schedule to cover Agency Affordable Housing Costs.
Examples of Shipyard Housing Increment in a sentence
The Shipyard Redevelopment Plan establishes a goal for the Agency to use no less than the amount of the Shipyard Housing Increment for purposes articulated in section 33334.2 of the CCRL.
More Definitions of Shipyard Housing Increment
Shipyard Housing Increment means the portion of Shipyard Increment deposited into the Low and Moderate Income Housing Fund to be used to increase, improve, and preserve the City’s supply of housing for persons and families of very low-, low-, or moderate-income under and in the amount required by section 33334.2 of the CCRL, which amount shall be equal to twenty percent (20%) of all Shipyard Increment or such other minimum amount required by section 33334.2 of the CCRL.
Shipyard Housing Increment is defined in the Financing Plan.