Affordability. (a) Throughout the term of this Agreement, each Low and Moderate Income Unit will be rented for no more than the rental rates set forth herein to an Eligible Tenant. An Eligible Tenant is a Family whose annual income does not exceed eighty percent (80%) of the Area median income adjusted for family size as determined by the U.S. Department of Housing and Urban Development (“HUD”). A “
Affordability. While AECL’s compensation systems will be designed around the first three principles, from time to time financial limitations may restrict the Company’s ability to make changes consistent with the first three principles. However, the Company would not, by this, jeopardize its long term level of competitiveness and its ability to attract and retain needed people. It is also recognized by the Company that Federal Government programs may impact on the its ability to design or manage its compensation program in a manner consistent with the first three principles.
Affordability. Landowner shall meet the requirements of the County’s affordable housing ordinance for the CCRC units through the payment of an amount equivalent to the in-lieu fee determined in accordance with Napa County Zoning Code Section 18.107.090 in effect as of the applicable payment date. For purposes of calculating the in-lieu fee applicable to the CCRC, the gross square foot of residential floor area shall include only the gross square footage of rooms that are designed or used for living by one or more occupants and that contain a sleeping unit, as defined by the California Building Code, whether or not the unit contains provisions for sanitation or kitchen facilities, and shall not include common areas.
Affordability. LHA will insure affordability by monitoring the lease for the HOME-assisted units. The affordability period will be equal to the lease period. The level of assistance provided will be determined based on the same payment requirements used in LHA’s Housing Choice Voucher Program. Assisted households will pay 30% of their adjusted gross income for rent and utility allowances. A copy of the policy that determines the amount to be paid by individual tenants for rent and utilities will be retained at LHA. The payment standard for the level of rent paid will be equal to the Housing Choice Voucher Program’s Voucher Payment Standard, not to exceed HOME Rents, as determined by HUD. Exception rents equal to 110% of the Fair Market Rents may be approved for up to 20% of the units leased under this program. All rent increases for any units under this program must be approved by LHA. The standards for determining the number of bedrooms that a household is eligible to lease will be the same standards as currently used by LHA for the Housing Choice Voucher Program. A written copy of these standards shall be retained at LHA.
Affordability. Applies to activities that provide affordability in a variety of ways. It can include the creation or maintenance of affordable housing, basic infrastructure hookups, or services such as transportation or day care.
Affordability. The sale of the Property from the Town to the Developer serves a public purpose. The Homes shall be designed and constructed to provide affordable housing options to homebuyers earning 80% to 120% of the Area Median Income (AMI) for Wake County (each, a “Qualified Homebuyer” and collectively, the “Qualified Homebuyers”), as defined by the U.S. Department of Housing and Urban Development (HUD). Each Home will be listed for sale at an initial market value between One Hundred Eighty Thousand Dollars ($180,000.00) and Two Hundred Thirty Thousand Dollars ($230,000.00) (each Home price, a “Target Price” and collectively, the “Target Price Range”). The Target Price will be based on the selected floor plan and use of standard materials (the “Plans and Specifications”). Upon completion by the Developer, the Plans and Specifications shall be presented to the Town for approval, such approval not to be unreasonably withheld or delayed. The Target Price will also include any appliances, including but not limited to, refrigerator, stove, oven, microwave, and dishwasher. Any modifications or additions to the Plans and Specifications or standard appliances must first be approved in writing by the Town, such approval not to be unreasonably withheld or delayed.
Affordability. Funds provided under this Agreement must meet the affordability requirement of 24 CFR Part 92 and the HOME rules as applicable. The City shall reduce HOME investment amount to be recaptured on a pro-rata basis for the time the unit is in compliance with 24 CFR 92 and the HOME rules as applicable.
Affordability. 10.1 All applicants will be provided with a financial assessment to ensure that they understand both the care and support and tenancy related costs associated with their tenancy at Tatton Gardens. Chorley Council reserves the right to disqualify an application based on affordability.
Affordability. For rental projects receiving HOME Funds: To ensure the housing is affordable to low and moderate income persons, XX% of the HOME-assisted rental units ([X] units) must have rents that meet the requirements of 24 CFR 92.252. Rents shall be the lesser of the Section 8 Fair Market Rents periodically established by HUD for the Section 8 rental assistance program for existing housing pursuant to 24 CFR Sec. 888.111, or rents which are 30% of adjusted income for households at 65% of area median income minus tenant paid utilities. In rental projects with five or more HOME-assisted rental units, at least 20 percent of the HOME-assisted units must be occupied by very low-income families where the rent does not exceed 30 percent of the annual income of a family whose income equals 50 percent of the median income for the area, as adjusted for household size. For all City funding, regardless of changes in fair market rents and in median incomes over time, the qualifying rents are not required to be lower than the fair market rents for the project in effect at the time of contract execution. Area median incomes and Fair Market Rents are annually adjusted by the department of Housing and Urban Development (HUD). Rent and income levels must be reviewed annually by the City for compliance with the above requirements. The Initial HOME Rent and Utility Allowance schedule for the Project is set forth in Attachment 2, attached hereto and incorporated herein by reference. The Owner shall ensure that all of the units in the Project continue to be used to provide housing for low- and moderate- income persons at affordable rents. Any future adjustments to the Rent Schedule must be approved in writing by the City. The City’s required Affordability Period for new construction of affordable housing, whatever the funding source, is twenty (20) years from the date of final project completion regardless of repayment of the Loan and/or transfer or sale of the Project Property or any portion thereof.
Affordability. 3. Each NHS Board purchases service from other regional facilities • The West of Scotland is developing a new facility based on their regional needs. It does not take account of the needs of the North. • The East of Scotland is developing a new facility based on their regional needs. It does not take account of the needs of the North. • The 2004 Report demonstrated that the South East of Scotland has insufficient capacity to cope with that region’s needs. • The South East has recently written to the Director of Regional Planning seeking to close Table 6: Long List of Potential Service Options OPTION CONSIDERATIONS their beds to North of Scotland admissions. • This would provide a poorer level of access for NoS patients. • Offers nothing to patients who could be helped by short term or local treatment. • Lengths of stay in regional adolescent units will increase in absence of local tier 4 provision • Contrary to national policy direction.
