TCAC AMI definition

TCAC AMI means the area median income for San Diego County determined in accordance with 26 USC Section 142(g)(2)(C).
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TCAC AMI means the area median income for San Diego County determined in accordance with 26 USC 42 (g). In no event shall the Affordable Rent for Extremely Low Income households exceed the product of thirty percent (30%) times fifty percent (50%) of Area Median Income, adjusted for household size. Exhibit No. 6 AMENDED PROJECT BUDGET Off-Site Improvements $ 320,000 Shell Construction- Residential $ 17,677,000 Shell Construction - Retail $ 1,304,000 Shell Construction - Public Garage $ 1,344,000 Contingency $ 1,100,000 Architecture & Engineering $ 1,083,000 Permits & Fees $ 1,000,000 Legal & Accounting $ 20, 00 Taxes & Insurance $ 425,000 Developer Fee $ 1,400,000 Marketing/Lease-Up $ 20,000 Contingency $ 240,000 Loan Fees $ 483,000 Interest During Construction $ 869,000 TCAC/Syndication Fees $ 109,000 Operating Lease-Up/Reserves $ 540,000 ATTACHMENT NO. 8 REVISED FORM OF AGENCY NOTE 5.0% Interest San Diego, California $3,661,000.00 [Date of Closing] FOR VALUE RECEIVED, CEDAR GATEWAY, L.P., a California limited partnership (“Borrower”), hereby promises to pay to the REDEVELOPMENT AGENCY OF THE CITY OF SAN DIEGO (“Agency”), a public body, corporate and politic, or order, a principal amount of THREE MILLION SIX HUNDRED SIXTY ONE THOUSAND DOLLARS AND NO CENTS $3,661,000.00 (the “Agency Loan”). This Note is given pursuant to that certain Disposition and Development Agreement dated as of May 22, 2008, between Borrower (“Owner” therein) and Agency, as amended by that certain First Amendment to Disposition and Development Agreement dated as of , 2009, (the “DDA”) and evidences the Agency Loan to Borrower, which provides part of the financing for the development of that certain real property in the City of San Diego legally described in the Deed of Trust securing this Note (the “Property”). The proceeds of this Note shall be disbursed to Borrower in accordance with the Disbursement Agreement attached to the DDA as Attachment No. 15 and incorporated herein by this reference. The obligation of Borrower to Agency hereunder is subject to the terms of the DDA, this Note and the following instruments, each dated on or about the date hereof, and, where applicable, executed and delivered by Borrower for the purpose of securing this Note: a Subordinate Deed of Trust, Security Agreement and Fixture Filing (With Assignment of Rents) (“Agency Deed of Trust”); an Assignment of Agreements, Plans, Specifications and Entitlements (“Assignment of Agreements”); and a UCC-1 Financing Statemen...
Sample 1
TCAC AMI means the area median income for San Diego County determined in accordance with 26 USC 42 (g). In no event shall the Affordable Rent for Extremely Low Income households exceed the product of thirty percent (30%) times fifty percent (50%) of Area Median Income, adjusted for household size. STATE OF CALIFORNIA ) )ss COUNTY OF ) On , before me, , personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the state of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature RECORDING REQUESTED BY, AND WHEN RECORDED, MAIL TO: State of California Department of Housing and Community Development P. O. Xxx 000000 Xxxxxxxxxx, XX 00000-0000 Attn: Multifamily Housing Program Documents Coordinator 08-SHMHP-4330 [DRAFTING NOTE: THE SUBSTANTIVE PROVISIONS OF THIS FORM SHALL BE USED FOR THE HCD SUBORDINATION AGREEMENT AUTHORIZED BY THE DDA AS AMENDED, EXCEPT FOR MODIFICATIONS (INCLUDING ADDITIONS) TO THE RIGHTS AFFORDED TO THE AGENCY IN PARAGRAPHS 5 AND 6 HEREOF REASONABLY REQUESTED BY THE AGENCY EXECUTIVE DIRECTOR OR DESIGNEE TO PROTECT THE AGENCY’S INTERESTS IN THE AGENCY LOAN AND AGENCY LOAN DOCUMENTS. ANY AND ALL SUBSTANTIVE MODIFICATIONS PRIOR TO RECORDATION SHALL BE SUBMITTED TO THE AGENCY BOARD FOR APPROVAL.] THIS SUBORDINATION AGREEMENT AND ESTOPPEL CERTIFICATE (the "Agreement") is dated as of , 20 , for reference purposes only, and is entered into by and among Redevelopment Agency of the City of San Diego, a public body corporate and politic, (the "Junior Lienholder") and Cedar Gateway, L.P., a California limited partnership (the "Borrower"), and the Department of Housing and Community Development, a public agency of the State of California (the "Senior Lender").
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Examples of TCAC AMI in a sentence

  • MHP prioritizes providing permanent financing to extremely low-income units at or below 60% TCAC AMI.

  • The only exception being “minimum services”, where “emergency equipment” must be manned.• Negotiation matters: In Chile, the matters of collective bargain are restricted to wages and common matters between workers.

  • The tie-breaker is calculated by taking the average TCAC AMI for all units restricted at 60% TCAC AMI or below.

  • However, it is also important to extend the global navigation system throughout the sub-site.

  • Due to 23 units being set aside for Legacy Households with incomes above 137% MOHCD AMI/80% TCAC AMI, only 83% of the project is tax credit eligible.

  • Preliminary scoring based off the 2021 MHP guidelines (out for public comment) forecast the Project achieving 143 out of 160 points with a tiebreaker of 1.020 by further restricting LOSP units at 20% TCAC AMI.

  • The Project will not employ income averaging to ensure competitiveness for lender investment, and therefore will restrict all units to a maximum of 60% TCAC AMI.

  • Based off 2020 AMIs, the maximum monthly studio rent at 15% TCAC AMI ($457) is less than 25% MOHCD AMI ($560).

  • Analysis Data of Interview through Atlas.ti 2020 Application (Resource: Processed Researchers) Conflict can be motivated by differences in the characteristics brought by individuals in an interaction.

  • Restricting LOSP units at 15% TCAC AMI further improves the Project’s estimated tie-breaker score.• 14 units (or 20% of total units) restricted at 35% TCAC AMI and MOHCD will restrict these units at 40% MOHCD AMI.


More Definitions of TCAC AMI

TCAC AMI means the area median income for San Diego County determined in accordance with 26 USC 42 (g). In no event shall the Affordable Rent for Extremely Low Income households exceed the product of thirty percent (30%) times fifty percent (50%) of Area Median Income, adjusted for household size.
Sample 1
TCAC AMI means the area median income for San Diego County determined in accordance with 26 USC 42(g)(2)(C). (In no event shall the Affordable Rent for Very Low Income households exceed the product of thirty percent (30%) times fifty percent (50%) of Area Median Income, adjusted for household size.) 1.0% Interest San Diego, California $21,873,000 [Date] FOR VALUE RECEIVED, BROADWAY TOWER ASSOCIATES, L.P., a California limited partnership (“Borrower”), hereby promises to pay to the CITY OF SAN DIEGO, a municipal corporation (“City”), or order, a principal amount of TWENTY ONE MILLION EIGHT HUNDRED AND SEVENTY THREE THOUSAND DOLLARS AND NO CENTS ($21,873,000.00) (the “Agency Loan”). This Note is given pursuant to that certain Disposition and Development Agreement dated as of December 15, 2009 entered into between the City of San Diego, a municipal corporation (as successor in interest to the rights and obligations of the Redevelopment Agency of the City of San Diego (“Agency”) under the DDA) (“City”), and Borrower, as amended by that certain First Amendment to the Disposition and Development Agreement dated August 8, 2011 and that certain Second Amendment to the Disposition and Development Agreement dated , 2012 (collectively the, “DDA”) and evidences the Agency Loan to Borrower, which provides part of the financing for the acquisition and development of that certain real property in the City of San Diego (the “Property”), legally described in the Agency Deed of Trust securing this Note. The DDA is incorporated herein by this reference as though fully set forth herein. DDA as used herein shall mean, refer to and include the DDA, as well as any riders, exhibits, addenda, implementation agreements, amendments and attachments thereto (which are hereby incorporated herein by this reference) or other documents expressly incorporated by reference in the DDA. The Borrower shall pay interest at the rate, in the amount and at the time hereinafter provided. The Borrower shall pay interest at the rate, in the amount and at the time hereinafter provided.
Sample 1
TCAC AMI means the area median income for San Diego County determined in accordance with 26 USC 42(g)(2)(C). (In no event shall the Affordable Rent for Very Low Income households exceed the product of thirty percent (30%) times fifty percent (50%) of Area Median Income, adjusted for household size.) State of California ) ) ss County of ) On , before me, , (Here Insert Name and Title of the Notary Officer ) personally appeared I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing is true and correct. WITNESS my hand and official seal. This Amendment to Predevelopment Loan Note (the “Amendment to Predevelopment Loan Note”) is dated as of , 2012 by BROADWAY TOWER ASSOCIATES, L.P., a California limited partnership (“Borrower”), in favor of THE CITY OF SAN DIEGO, a municipal corporation, successor in interest to the rights and obligations of the former Redevelopment City of the City of San Diego under that certain Predevelopment Loan Note (as discussed further below).
Sample 1

Related to TCAC AMI

  • Model 1 seller means a seller registered under the agreement that has selected a certified service provider as the seller's agent to perform all of the seller's sales and use tax functions for agreement sales and use taxes other than the seller's obligation under Section 59-12-124 to remit a tax on the seller's own purchases.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • Investor-Owned Residential Loans means Loans, excluding advances made pursuant to Home Equity Loans, that are secured by mortgages on one- to four family residences or stock of cooperative housing associations that are not owner-occupied. These loans can be treated as Restructured Loans on a commercially reasonable basis and can be a restructured under terms separate from the Exhibit 5 standards. Please refer to Exhibit 2b for guidance in Calculation of Loss for Restructured Loans.

  • Generation Interconnection Agreement means the large generator interconnection agreement to be entered into separately between Seller and Interconnection Provider concerning the Interconnection Facilities.

  • Generation Interconnection Request means a request by a Generation Interconnection Customer pursuant to Tariff, Part IV, subpart A, to interconnect a generating unit with the Transmission System or to increase the capacity of a generating unit interconnected with the Transmission System in the PJM Region.

  • Digital Subscriber Line (DSL means as defined in Attachment 14 - xDSL Loops.

  • Subscription Services means SAP’s then-current subscription services offered under and described in detail in the applicable SAP PartnerEdge Model.

  • Investor-Owned Residential Loan means a Loan, excluding advances made pursuant to a Home Equity Loan, that is secured by a mortgage on a one- to four family residences or stock of cooperative housing associations that is not owner-occupied or the borrower’s primary residence.

  • Transmission Interconnection Customer means an entity that submits an Interconnection Request to interconnect or add Merchant Transmission Facilities to the Transmission System or to increase the capacity of Merchant Transmission Facilities interconnected with the Transmission System in the PJM Region or an entity that submits an Upgrade Request for Merchant Network Upgrades (including accelerating the construction of any transmission enhancement or expansion, other than Merchant Transmission Facilities, that is included in the Regional Transmission Expansion Plan prepared pursuant to Operating Agreement, Schedule 6).

  • Model 2 seller means a seller registered under the agreement that:

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • Dynamic Purchasing System means a completely electronic process, which has a limited duration, for making commonly used purchases, as more particularly defined and described in the Public Contract Regulations 2015.

  • Radiation machine means any device capable of producing radiation except those devices with radioactive material as the only source of radiation.

  • Locked-Up Shareholders means the Persons who are party to the Lock-Up Agreements.

  • Purchasing Card or “P-Card” means The State of West Virginia’s Purchasing Card program, administered under contract by a banking institution, processes payment for goods and services through state designated credit cards.

  • Generation Interconnection Customer means an entity that submits an Interconnection Request to interconnect a new generation facility or to increase the capacity of an existing generation facility interconnected with the Transmission System in the PJM Region.

  • Strategic Investor means a Corporation, partnership or other entity engaged in one or more Telecommunications Businesses that has, or 80% or more of the Voting Stock of which is owned by a Person that has, an equity market capitalization, at the time of its initial Investment in the Company or in a Permitted Joint Venture with the Company, in excess of $2 billion.

  • Prepaid wireless calling service means a telecommunications service that provides the right to utilize mobile wireless service as well as other non-telecommunications services, including the download of digital products delivered electronically, content and ancillary services, which must be paid for in advance that is sold in predetermined units or dollars of which the number declines with use in a known amount.

  • CTS Enabled Interface means an interface between the PJM Control Area and an adjacent Control Area at which the Office of the Interconnection has authorized the use of Coordinated Transaction Scheduling (“CTS”). The CTS Enabled Interfaces between the PJM Control Area and the New York Independent System Operator, Inc. Control Area shall be designated in Schedule A to the Joint Operating Agreement Among and Between New York Independent System Operator Inc. and PJM Interconnection, L.L.C. (PJM Rate Schedule FERC No. 45). The CTS Enabled Interfaces between the PJM Control Area and the Midcontinent Independent System Operator, Inc. shall be designated consistent with Attachment 3, section 2 of the Joint Operating Agreement between Midcontinent Independent System Operator, Inc. and PJM Interconnection, L.L.C. “CTS Interface Bid” shall mean a unified real-time bid to simultaneously purchase and sell energy on either side of a CTS Enabled Interface in accordance with the procedures of Operating Agreement, Schedule 1, section 1.13, and the parallel provisions of Tariff, Attachment K- Appendix.

  • Subscriber Agreement means an agreement that governs the issuance and use of a Certificate that the Applicant must read and accept before receiving a Certificate.

  • Exchange Agent Agreement has the meaning set forth in Section 2.5(a).

  • Sub-acute facility means a facility that provides intermediate care on short-term or long-term basis.

  • Ignition interlock device means a device that, without tampering or intervention by another person, would prevent the defendant from operating a motor vehicle if the defendant has a blood or breath alcohol concentration of five-hundredths (0.05) or greater; and

  • IOSCO means the International Organisation of Securities Commissions.

  • Seller Closing Certificate has the meaning set forth in Section 7.02(d).

  • Non-Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(c).