Authority Units Sample Clauses

Authority Units. The Authority will develop and operate, or cause to be developed and operated, approximately 623 units (the "Authority Units"). As part of the horizontal development, TICD will provide Developable Pads for all of the Authority Units and all of the Authority Units will receive subsidy from the Project, as set forth in Section VII.B.7 below. The Authority will determine in its sole and absolute discretion the tenure split, affordability and any other matters related to the Authority Units, but in no event will affordability levels exceed those applicable to Inclusionary Units, as set forth below, except as agreed to by the parties. The Authority will use the Authority Units to implement affordable housing policy goals related to tenure mix, affordability levels and household type within the context of the overall affordable housing program.