Affordable Dwelling Units definition

Affordable Dwelling Units means the Residential Dwelling Units in the Improvements to be operated consistent with the Affordable Housing Program at all times and to be operated, following Construction Completion, so as (i) to qualify for Low-Income Housing Tax Credits, or (ii) to satisfy other financing requirements, including but not limited to the County Requirements.
Sample 1
Affordable Dwelling Units means the units are both rent and income restricted. Rent schedules for the units shall be based on the Florida Housing Finance Corporation (“FHFC”) table utilized for administering the Low-Income Housing Tax Credit program entitled “Multifamily Rental Programs Income Limits and Rent Limits,” also referred as the Multi-Family Rental Program Matrix, as revised from time to time and adjusted based on the number of bedrooms.
Sample 1
Affordable Dwelling Units means those Dwelling Units on the Lands that have been identified by the Owner as being set aside for persons or families that qualify as a Low to Moderate Income Household.
Sample 1

Examples of Affordable Dwelling Units in a sentence

  • If a transfer of ownership for all or any part of an Individual Development takes place during the Affordability Period, then the new Owner thereof shall continue to maintain the Affordable Dwelling Units within such Individual Development in accordance with this Agreement, the MOU, and the applicable Final Site Plan Approval.

  • During the applicable Affordability Period, each Owner of an Individual Development containing Affordable Dwelling Units shall submit an annual report (including annual recertification of each tenant of the Individual Development per the definitions and requirements of this Agreement) to the Master Association and to the HCDD by September 30 of each year.

  • To verify compliance, each Owner of an Individual Development containing Affordable Dwelling Units and the Master Association shall permit the City, at least annually, to reasonably inspect records relating to compliance with this Section 5, upon reasonable notice and within normal working hours, and shall submit to the City such documentation as reasonably required by the City to confirm compliance with this Agreement.

  • The Developer has agreed as part of the Project approval to provide Affordable Dwelling Units as set forth in this Agreement as part of the development program.

  • Each Phase of the Project must maintain the total number of Affordable Dwelling Units required in the applicable Final Site Plan Approval and Affordability Assignment.

  • In addition, lease terms for Affordable Dwelling Units cannot differ from the lease terms established for the other residential units within the Individual Development (except for those lease terms reasonably required to implement and satisfy the requirements of this Agreement).

  • Each Phase of the Project shall dedicate a minimum of ten percent (10%) of the Dwelling Units for occupancy of households with Adjusted Incomes that do not exceed 100% of AMI, and the average Adjusted Income for all set-aside Affordable Dwelling Units in each Phase shall not exceed sixty percent (60%) of AMI.

  • In addition, each Owner must annually certify to the City that all Affordable Dwelling Units in such Owner’s Individual Development are suitable for occupancy, taking into account State and local health, safety, and other applicable codes and requirements.

  • The Affordable Dwelling Units will continue to qualify as Affordable Dwelling Units despite temporary noncompliance caused by increases in Adjusted Incomes of existing tenants if actions satisfactory to the City in its reasonable discretion are being taken to ensure that the Next Available Unit is filled in accordance with the sixty percent (60%) AMI average established in this Agreement and the PD Zoning.

  • In addition, during the Affordability Period, the Master Association also shall submit an annual report to the HCDD documenting and summarizing the overall performance of each Phase of the Project in maintaining Affordable Dwelling Units pursuant to this Agreement.


More Definitions of Affordable Dwelling Units

Affordable Dwelling Units means Units to be rented to households with annual incomes at or below a specified percentage of the Area Median Income of the Area, adjusted for Family size as determined by the U.S. Department of Housing and Urban Development. Such specified percentage shall be no lower than forty percent (40%).
Sample 1

Related to Affordable Dwelling Units

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the Development in accordance with the application and/or any subsequent reserved matters approval.

  • Dwelling unit means a single unit providing complete, independent living facilities for one or more persons, including permanent provisions for living, sleeping, eating, cooking and sanitation.

  • Affordable Housing Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60% of area medianincome, as most recently determined by the United States Department of Housing and Urban Development for the Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • Residential Dwelling Unit means any portion of a building that contains living facilities, including a room or rooms in a facility that have shared cooking, bathing, toilet, or laundry facilities such as dormitories, shelters, assisted living facilities, and boarding homes. "Residential dwelling unit" also means facilities that include provisions for sleeping, cooking, bathing, and toilet facilities for one or more persons and are used for extended stays, such as time-shares and extended-stay motels. "Residential dwelling unit" does not mean a guest room in a motel or hotel.

  • Affordable Units means units that have rents that do not

  • Single-family dwelling unit means a structure that is usually occupied by just one household or family and for the purposes of this Policy is expected to generate an average of 250 gallons per day of wastewater.

  • Accessory dwelling unit means a habitable living unit added to, created within, or detached from a primary single-family dwelling and contained on one lot.

  • Manufactured dwelling park means a place where four or more manufactured dwellings

  • Dwelling means any building, structure, or portion thereof which is occupied as, or designed or intended for occupancy as, a residence by one or more families, and any vacant land which is offered for sale or lease for the construction or location thereon of any such building, structure, or portion thereof.

  • Residential Dwelling Any one of the following: (i) a detached one-family dwelling, (ii) a detached two- to four-family dwelling, (iii) a one-family dwelling unit in a Xxxxxx Xxx eligible condominium project, (iv) a manufactured home, or (v) a detached one-family dwelling in a planned unit development, none of which is a co-operative or mobile home.

  • Multi-family dwelling means a structure that contains more than one separate dwelling unit, which is used, or occupied, or intended to be used or occupied, in whole, or in part as the home or residence of one or more persons.

  • new dwelling means, for the purposes of the definition of “second authority” and paragraphs 91, 98 and 103, the dwelling to which an applicant has moved, or is about to move, in which the applicant will be resident;

  • Affordable housing means housing that is available at a cost low enough to meet the needs of eligible households having regard to local incomes and local house prices and which will remain at an affordable price for future eligible households or, if not, that the subsidy is recycled for alternative affordable housing provision

  • Manufactured dwelling means a residential trailer, a mobile home or a manufactured

  • single detached dwelling means a completely detached building containing only one dwelling unit.