Affordable housing definition

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

Affordable housing means, unless the context clearly

Affordable housing means housing occupied or reserved for occupancy by

Examples of Affordable housing in a sentence

• Notwithstanding the foregoing, the City agrees that it will not unreasonably withhold approval of Developer’s request to satisfy all or part of the Affordable Housing Obligation by including Low and/or Moderate-Income Housing within the property owned by Developer or Developer’s affiliates in the areas within Otay Ranch Village 8.

• Every six (6) months, the Developer shall provide the City with a report documenting progress made toward meeting Developer’s Affordable Housing Obligation, including identification of sites, financing, and submittal of entitlement applications for the Low and Moderate-Income Housing units, in a form to be determined by the City Manager, or designee.

• However, the aforementioned release shall not affect the obligations of Other Owner to satisfy the Transferred Affordable Housing Obligation, as they are subject to the requirements of the Village 8 East Affordable Housing Agreement.

• Based upon the attributes of those properties of related ownership interests, such as size, density and location, the applicable Affordable Housing Obligation, difficulty in integrating Low and/or Moderate-Income Housing due to price and product disparity, developer capability, the new construction of the Low and/or Moderate- Income Housing within residential development on such properties may present a hardship and alternative methods of compliance may be required.

• Approval of satisfaction of the Affordable Housing Obligations, in whole, in part or any combination, through an alternative method of compliance shall be at the sole discretion of the City.

More Definitions of Affordable housing

Affordable housing means either of the following:

Affordable housing means a multifamily residential rental development with recorded use restrictions limiting the income of tenants and using one (1) or any combination of the following funding sources: Low Income Housing Tax Credits; HUD HOME Investment Partnerships Sections 202, 207, 220, 223, 231, 811, and HOPE VI programs; Native American Housing Assistance and Self-Determination Act; USDA/RD Sections 514, 515, 516 and 538 programs; the National Housing Trust Fund or the Arizona Housing Trust Fund.

Affordable housing means residential housing that is rented by a person or household whose monthly housing costs, including utilities other than telephone, do not exceed thirty percent of the household's monthly income. For the purposes of housing intended for owner occupancy, "affordable housing" means residential housing that is within the means of low or moderate-income households.

Affordable housing means housing owned or occupied by a low or moderate income family, as determined by resolution of the agency.

Affordable housing means housing owned or occupied by a low or moderate

Affordable housing means housing affordable to families whose incomes do not exceed eighty percent of the median income for the service area or areas within the jurisdiction of the governmental entity.

Affordable housing means residential housing that is rented