Affordability definition

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

Affordability means that the financial commitments to be incurred by an institution in terms of the PPP agreement can be met by funds –

Affordability means price relative to per capita income;

Examples of Affordability in a sentence

• The maximum Affordable Rents (as defined in the RRDP Permanent Loan Agreement) that may be paid by a Qualified Household during the Affordability Period.

• The covenants shall be in effect for at least the Affordability Period and shall be binding upon the Borrower and its successors, assigns, heirs, grantees or lessees to the land or the Qualified Project for the Affordability Period, unless earlier terminated in accordance with the provisions set forth in the Federal Grant Requirements as Attachment H of this Agreement.

• Affordability remains the single most key constraint for the majority of individuals in the South African housing market.

• This RRDP Regulatory Agreement shall remain in full force and effect for a term and period equal to the Affordability Period.

• During the Affordability Period the Borrower shall maintain records evidencing versification of Tenant Household Income and the Rents charged Qualified Households.

More Definitions of Affordability

Affordability means that—

Affordability means activities that provide affordability in a variety of ways in the lives of low- and moderate-income people. It can include the creation of affordable housing, infrastructure improvements that support housing, affordable business financing, or services such as transportation or child care that support people in obtaining or maintaining a job.

Affordability means a community's ability, on a per house- hold basis, to pay for rate increases that result from a DWSRF loan project.

Affordability means the relative ability of the people of the state to pay for or incur the cost of a proposal, given:

Affordability means a community's ability, on a per household basis, to pay for rate increases that result from a DWSRF loan project.

Affordability means the Housing costs to the household are less than 30% of the total before-tax household income;

Affordability means the Housing costs to the household are less than 30% of the total before-tax household income. "Agreement" – means the CMHC-British Columbia Bilateral Agreement Under the 2017 National Housing Strategy and all its schedules, as amended from time to time.