Affordable Housing Units. No bedroom or unit in the Property is leased or reserved for lease as an affordable housing unit or for low- or moderate-income residents. The Property is not required to lease or reserve any unit or bedroom as an affordable housing unit or bedroom or for low-income or moderate-income residents pursuant to a presently existing agreement or Applicable Law.
Affordable Housing Units. To Seller’s knowledge, the Property is not subject to any restriction or covenant requiring that any units in the Facility be leased or reserved for lease as an affordable housing unit or for low or moderate income residents.
Affordable Housing Units. Except as described on Schedule 4.25, no bedroom or unit in the Property is leased or reserved for lease as an affordable housing unit or for low- or moderate-income residents. Except as described on Schedule 4.25, the Property is not required to lease or reserve any unit or bedroom as an affordable housing unit or bedroom or for low-income or moderate-income residents pursuant to a presently existing agreement or Applicable Law.
Affordable Housing Units. Exhibit H is a true and complete list of each unit within the Facilities (specifying the number of bedrooms in each unit) which is leased or reserved for lease as an affordable housing unit, or for low or moderate income residents. Exhibit H truly and correctly lists the number of units (and the number of bedrooms in each such unit) at the Facilities which may be required to be leased as an affordable housing unit, or for low or moderate income residents, pursuant to a presently existing agreement or requirement of law.
Affordable Housing Units. 3.1 The Owner covenants and agrees that thirty-three (33) residential housing units within the Development will be developed, and will thereafter be held and occupied throughout the Term as Affordable Housing Units under the terms of this Agreement.
Affordable Housing Units. Pursuant to MPS AH 1.8, MPS AH1.9, and MPS AH2.2, the on-Site Affordable Housing Units in Phase 1 shall:
Affordable Housing Units. Buyer shall develop INSERT # (*) *single family residential dwellings/residential townhouse units/multifamiliy apartment units/duplex units* all of, or # of which shall be Affordable Housing Units serving families earning at or below eighty percent (80%) of the Charlotte, NC metropolitan Area Median Income (“AMI”) as determined annually by U.S. Department of Housing and Urban Development’s (“HUD’s”), median income guidelines, and as adjusted for family size.
Affordable Housing Units. 2.3. The baseline rent for the Affordable Housing Units shall be subject to indexation based on increases in the Index and calculated using the following formula: C = £Y x (B / A) Where: A is the value of the Index for the month immediately preceding the date of this Agreement B is the value of the Index for the month of March each year £Y is the rent on each new let C is the level of rent payable in respect of the Affordable Housing Units after application of the Indexation formula
Affordable Housing Units. A “Affordable Housing Unit” is each residential dwelling unit in the Project that is designated as being subject to the Affordability Requirement, which will be all residential dwelling units in the Project except Community Housing Units and Employee Housing Units. Tenant agrees to market, lease and operate the Affordable Housing Units on the terms set forth in this Lease.
Affordable Housing Units. Exhibit I is a true and complete list of each unit within the Facilities (specifying the number of bedrooms in each unit) which is leased or reserved for lease as an affordable housing unit, or for low or moderate income residents. Exhibit I truly and correctly lists the number of units (and the number of bedrooms in each such unit) at the Facilities which may be required to be leased as an affordable housing unit, or for low or moderate income residents, pursuant to a presently existing agreement or requirement of law.
