Rental Units. The Grantee will comply with 24 CFR part 941 or successor part for acquisition of rental units in existing or new apartment buildings, single family subdivisions, etc., with or without rehabilitation, for use as public housing replacement units.
Rental Units. Lessor hereby rents and leases to Lessee, and Lessee hereby leases from Lessor, a commercial space hereinafter described and located in West Danville Centre, in the Town of South Hill, Mecklenburg County, Virginia, designates as 0000 Xxxx Xxxxxxxx Xxxxxx, containing approximately 600 square feet including one (1) restroom.
Rental Units. A. Long-term rental unit means a building or structure that is used or designated for use as a residence by one or more persons, and is Available to be rented, loaned, leased, or hired out for a period of 30 consecutive days or longer; or Arranged, designated, or built to be rented, loaned, leased, or hired out for a period of 30 consecutive days or longer.
Rental Units. For acquisition of rental units in existing or new apartment buildings, single family subdivisions, etc., with or without rehabilitation, for use as public housing replacement units, you must obtain HUD approval of a Development Proposal in accordance with 24 CFR 941.304 (conventional development) or 24 CFR 941.606 (mixed-finance development).
Rental Units. Rents for the low income and moderate income qualifying units shall be set at an affordable rent as defined in Section 10-12-3. The housing agreement shall contain procedures for establishing affordable rent, filling vacancies, maintaining the units for eligible tenants, verifying household incomes, and providing annual reports necessary to demonstrate compliance with this section.
Rental Units. Unit Size Max. Rent Level (2004) One Bedroom $1,000 Two Bedroom $1,050 Three Bedroom $1,130 Rent levels to be adjusted annually based on increases in County median income. New Owners: Current owners must sell their home to households earning at or below 80% of the County median income, in accordance with the chart below: INCOME ELIGIBILITYFOR ALL NEW HOMEOWNERS Household Size Maximum Annual Income (2004) One Person $43,800 Two Person $50,050 Three Person $5 6,300 Four Person 50 Five Person $67.550 Income levels to be adjusted annually based on increases in County median income. Maximum resale price is as follows: Unit Size Max. Resale Price* One Bedroom $1 12,568 Two Bedroom $129,585 $146,600 Three Bedroom * Price to be adjusted annually based on increases in County median income. Unit price must be either the market price (determined by a third party appraisal approved by both parties) or the maximum resale price, whatever is lower. The County will have a first option to purchase all units that come up for sale, with the exception of immediate family members seeking to purchase the unit, and those persons who are inheriting the unit. In either case the buyer, or the heir must be income eligible to complete the transaction. In cases where heirs are over income, then they will be able to sell the property to an income eligible buyer, but will need to provide the County with a first option to buy. Maximum resale price limits will allow homeowners to improve and upgrade their homes and recover their investments Pleasant Acres Mobile Home Park Program Summary
Rental Units. The parties expressly agree and acknowledge that all units in the building will be operated as rental units, and not as for sale units.
Rental Units. Implementing Agreements. After HUD approves the Grantee's Development Proposal(s), the Grantee agrees to take promptly all steps necessary to enable HUD to approve the execution of an implementing agreement to cover the replacement housing.
Rental Units. Borrower shall rent (a) sixteen (16) units in the Project to households whose income is at or below thirty percent (30%) of median family income for Contra Costa County, California, at the time that a household initially occupies that unit, (b) thirty-nine (39) units in the Project to households whose income is at or below fifty percent (50%) of median family income for Contra Costa County, California, at the time that a household initially occupies that unit, and (c) thirty-one (31) units in the Project to households whose income is at or below sixty percent (60%) of median family income for Contra Costa County, California, at the time that a household initially occupies that unit.
Rental Units. A unit of space within the Project designed to be used as an office or retail space and made available for rent to the public. Xxxvi Reserve – Shall have the meaning defined in Section 6.2 of this Financial Agreement.
