Total Housing Units definition
Examples of Total Housing Units in a sentence
For example only, if the Workforce/Affordable Housing Units represent nineteen and one-half of one percent (19.5%) of the Total Housing Units in the Project, the percentage or Total Housing Units represented by Workforce/Affordable Housing Units shall be rounded up to twenty percent (20%) for purposes of determining satisfaction of these Affordable Housing Requirements.
For purposes of calculating the percentage of Workforce/Affordable Housing Units represent of Total Housing Units, fractional percentages equal to or in excess of half of one percent (0.5%) shall be rounded up to the nearest whole percentage.
Workforce/Affordable Housing Units must be constructed before or concurrently with market-rate units (i.e., each Phase of the Project to be placed in service must include Workforce/Affordable Housing Units), and Workforce/Affordable Housing Units must at all times represent at least twenty percent (20%) of Total Housing Units in all completed Phases of the Project, or in the completed Project if applicable.
None of the Total Housing Units shall be or be rented as Short Term Housing Units at any time.
Workforce/Affordable Housing Units must be constructed before or concurrently with market-rate units (i.e., each Phase of the Project to be placed in service must include Workforce/Affordable Housing Units), and Workforce/Affordable Housing Units must represent at least twenty percent (20%) of Total Housing Units in all completed Phases of the Project, or in the completed Project if applicable.