State Affordability Period definition

State Affordability Period means the LURA Term as defined herein and as required by Department in accordance with the State Act which is an additional ■[OPTIONAL ■10 ■15 or■20 ■25] years to the Federal Affordability Period <conform to any changes in definition of federal affordability>.
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State Affordability Period means the XXXX Term as defined herein and as required by the Department in accordance with the State Act and State Multifamily Rules.
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Examples of State Affordability Period in a sentence

  • During the State Affordability Period, following the Federal Affordability Period of the LURA, the Property will be subject only to applicable state affordability requirements.

  • At initial occupancy and periodically thereafter throughout the State Affordability Period, Development Owner must create and maintain a file that, at a minimum, contains tenant file information, leases and certifications required under and in accordance with Section 10.612 of the Uniform Multifamily Rules.

  • The LURA may include the Federal Affordability Period, in addition to the State Affordability Period requirements and State restrictive criteria.

  • No rent or fees may be charged for any of the amenities throughout the State Affordability Period.

  • Development Owner must comply with: The notification requirements 24 CFR §92.359(c)(1), and 24 CFR §5.2005; The bifurcation of lease requirements 24 CFR §92.359(d)(1) and 24 CFR §93.356(c); The VAWA lease term/addendum and the emergency transfer plan, as further described in 10 TAC §10.613, as may be amended from time, 24 CFR §92.359(e) and 24 CFR §93.356(d); and The requirements apply for the duration of the Federal Affordability Period and the State Affordability Period (as defined herein).

  • During the State Affordability Period, following the Federal Affordability Period of the XXXX, the Property will be subject only to applicable state affordability requirements.

  • All Project Documents and any other report or records which Development Owner is required to prepare and/or provide to the Department pursuant to this Contract or the NHTF Regulations must be retained for the periods set out in the NHTF Regulations, or if no specific period is set out, for five (5) years after the end of the State Affordability Period, or as otherwise specified by law or required by the Department including but not limited to as described in Section 10.1 of this Contract.

  • DEVELOPMENT OWNER:Entity Name, Entity Type By: Signature Authority Name, Title Date: TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS HOME INVESTMENT PARTNERSHIPS PROGRAM (HOME) MULTIFAMILY DIRECT LOAN CONTRACT # ADDENDUM CAdditional Use Requirements; Amenity Requirements The undersigned Development Owner hereby represents that the Property will have the following amenities throughout the State Affordability Period.

  • B.1. Project Name B.2. Project Address B.3. County Parcel ID B.4. Census Tract B.5. Flood Zone with Flood Map Panel Number PROJECT COSTB.6. Total Estimated Cost of Project$0.00 B.7. City of St. Petersburg Grant/Loan Funds Requested$0.00 B.8. Number of Affordable Units B.9. State Affordability Period in years B.10.

  • During the State Affordability Period, the Property will be subject to applicable state affordability requirements.

Related to State Affordability Period

  • Affordability Period means the period during which the average rent in a Project is required to be maintained at an affordable level, as determined in accordance with the Program Guidelines or as otherwise established by the County;

  • Insurance Affordability Program means a program that is one of the following:

  • Period of Affordability means the time during which HOME Loan financed units must remain affordable to eligible households, as defined by HOME program regulations and this Plan. The Period of Affordability shall commence upon completion of the project and shall run for the period required under HOME regulations or the term of the HOME Loan, whichever is greater. Completion shall be defined as set forth in the HUD regulations for the HOME program.

  • Affordability average means the average percentage of median income at which restricted units in an affordable housing development are affordable to low- and moderate-income households.

  • Affordability means a housing unit that satisfies at least one of the following criteria:

  • Community Accountability Planning Submission means the HSP Board approved planning document submitted by the HSP to the Funder. The form, content and scheduling of the Planning Submission will be identified by the Funder;

  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • State sponsor of terrorism means a country determined by the Secretary of State, under section 6(j)(1)(A) of the Export Administration Act of 1979 (50 U.S.C. App. 2405(j)(i)(A)), to be a country the government of which has repeatedly provided support for acts of international terrorism. As of the date of this provision, state sponsors of terrorism subject to this provision are Iran, Sudan, and Syria. (10 U.S.C. 2327)

  • Affordable means, a sales price or rent level that is within the means of a low- or moderate- income household as defined within N.J.A.C. 5:93-7.4, and, in the case of an ownership unit, that the sales price for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.6, as may be amended and supplemented, and, in the case of a rental unit, that the rent for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.12, as may be amended and supplemented.

  • Sustainability Linked Loan Principles means the Sustainability Linked Loan Principles as most recently published by the Loan Market Association and Loan Syndications & Trading Association.

  • MFIPPA means the Municipal Freedom of Information and Protection of Privacy Act.

  • State fire marshal means the chief officer of the division of fire protection as described in Iowa Code section 100.1 or one authorized to act in the state fire marshal’s absence.

  • Environmental Policy means to conserve energy, water, wood, paper and other resources, reduce waste and phase out the use of ozone depleting substances and minimise the release of greenhouse gases, volatile organic compounds and other substances damaging to health and the environment, including any written environmental policy of the Customer;

  • Subsidized Xxxxxxxx Loan means a Loan for which the interest rate is governed by Section 427A(a) or 427A(d) of the Higher Education Act.

  • Ombud ’ means each of the following:

  • Community rate means a rate of payment based on a per member per month capitation rate or its equivalent that applies to a combination of the subscriber groups for a comprehensive medical plan carrier. References in this subchapter to ‘‘a combination of cost and price analysis’’ relating to the ap- plicability of policy and contract clauses refer to comprehensive medical plan carriers using community rates.

  • Affordable Housing Cost means an amount satisfied by:

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • State historic preservation officer means the governor’s appointee who is responsible for the management of the historic preservation program of the state and compliance of the state historic preservation program with federal statutes and regulations of the National Park Service.

  • State minimum standards means minimum requirements

  • Payroll Tax Executive Order means the Presidential Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster, as issued on August 8, 2020 and including any administrative or other guidance published with respect thereto by any Governmental Authority (including IRS Notice 2020-65).

  • Unsubsidized Xxxxxxxx Loan means a Loan made pursuant to Section 428H of the Higher Education Act.

  • Minimum Annual Resource Requirement means, for Delivery Years through May 31, 2017, the minimum amount of capacity that PJM will seek to procure from Annual Resources for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for such Delivery Year. For the PJM Region, the Minimum Annual Resource Requirement shall be equal to the RTO Reliability Requirement minus [the Sub-Annual Resource Reliability Target for the RTO in Unforced Capacity]. For an LDA, the Minimum Annual Resource Requirement shall be equal to the LDA Reliability Requirement minus [the LDA CETL] minus [the Sub-Annual Resource Reliability Target for such LDA in Unforced Capacity]. The LDA CETL may be adjusted pro rata for the amount of load served under the FRR Alternative.

  • relevant minimum wage means the minimum wage and includes any incremental adjustment prescribed in this award for the class of work for which an employee is engaged

  • Paycheck Protection Program means loan program created by Section 1102 of the CARES Act.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.