Affordable Housing Requirements. The following requirements with respect to Workforce/Affordable Housing Units shall at all times be continuously complied with and satisfied from the date on which the Project or the initial Phase thereof is first placed in service through the end of the Credit Period:
Affordable Housing Requirements. (a) The Onsite Affordable Housing must meet the affordable housing principles set out in the City’s ‘Affordable Housing Program’ adopted 24 August 2020 or any such updated or amended version of this document in effect at the time of lodgement of the Development Application.
Affordable Housing Requirements. A deed restriction shall be recorded for the town home portion of the development specifying the land is required to be developed as affordable units in accordance with AMC 18.06.030.G(5) and in conformance with the approval of PA 2006-01663. The deed restriction shall require the affordable units to remain affordable per Resolution 2006-13 for a 60 year period from initial occupancy. The town home area shall be serviced with all needed public facilities. The deed restricted land shall be dedicated to a non-profit (IRC 501(3)(c)) affordable housing developer or comparable Development Corporation with proof of the dedication and deed restriction being presented to the City of Ashland Housing Program Specialist prior to issuance of a building permit for the development of the first market rate residential unit. The deed for the land conveyed for affordable housing purposes shall include a reverter to the Owner or deed restriction requiring conveyance of the property to the City of Ashland if the affordable housing development is not fully developed in accordance with the approval of PA 2006-01663 within five years of this approval, unless administratively extended pursuant to Exhibit F. In the event the property reverts to the Owner the Owner shall thereafter convey the property, without encumbrances, to the City of Ashland, for affordable housing purposes. City may accept or reject the offer, but the owner shall not be relieved of the obligation to convey the property to another approved provider of affordable housing. All the affordable housing units shall be Net Zero Energy Ready as provided in Condition 12 below.
Affordable Housing Requirements. 8.1 Subject to clause 8.2, the Affordable Housing Units must have an aggregate floor space greater than or equal to the sum of the Affordable Housing Floor Space.
Affordable Housing Requirements. For and in consideration of the City’s agreement to provide the CDBG Loan for the Project, to be developed on the Development Site, Developer agrees and understands:
Affordable Housing Requirements. _shall comply or shall cause Developers and/or Sub-developers to comply with any existing applicable City affordable housing codes to satisfy any affordable housing requirements.
Affordable Housing Requirements. For and in consideration of the City’s Agreement to provide an NDR Loan for the Project, to be developed on the Developer agrees and understands:
Affordable Housing Requirements. Developer shall comply with the City’s Affordable Housing Requirements as set forth in Seaside Municipal Code Chapter 17.32, as set forth in the Affordable Housing Agreement, including without limitation compliance with the phasing obligations therein.
Affordable Housing Requirements. Holdings shall comply or shall cause Developers and/or Sub-developers to comply with any currently existing City affordable housing codes to satisfy any affordable housing requirements. Affordable housing shall not be counted against the Maximum Development Residential Units within the Project. Holdings and the Developers and Sub-developers shall take into consideration any Affordable Housing units when planning for infrastructure. Holdings may elect to locate such affordable housing wherever it deems most beneficial and shall be entitled to allocate any such affordable housing requirements to Developers and/or Sub developers as Holdings may elect. However, such affordable housing should not be located and grouped all together in single project or location. The Affordable housing will follow the City’s adopted Moderate Income Housing Ordinance & Plan (Ordinance 2018-31) adopted August 16, 2018. For every 2,500 market rate housing units that are built, Developer must have built or have obtained permits to build 250 affordable housing units that comply with the City ordinance before any additional building permits for market rate housing units are approved, unless otherwise required by State Code, or upon agreement of the Parties that there is a public purpose or interest, and there is sufficient infrastructure.
Affordable Housing Requirements. Holdings shall comply or shall cause Developers and/or Sub-developers to comply with any and all City guidelines to satisfy any affordable housing requirements. Affordable housing shall not be counted against the Maximum Development Residential Units within the Project. Holdings and the Developers and/or Sub- developers shall take into consideration any Affordable Housing units when planning for infrastructure. Holdings may elect to locate such affordable housing wherever it deems most beneficial and shall be entitled to allocate any such affordable housing requirements to Developers and/or Sub- developers as Holdings may elect. If affordable housing is required pursuant to this MDA, the units of such affordable housing shall not be less than 750 square feet. Any affordable housing building shall not exceed four stories in height.
