Long-Term Occupancy Requirements Sample Clauses

Long-Term Occupancy Requirements. Notwithstanding anything herein to the contrary, Developer must use, at a minimum, 51% of the total number of Units for affordable rental housing for Low- to Moderate-Income Households at the later of the time of occupancy of the Property or the time when funds are invested pursuant to the CDBG-DR Program in connection with the Property. Attachment G GLO Contract No. 20-063-032-C400 Developer shall designate, at a minimum, seven (7) (51%) of the thirteen (13) total Units as Qualifying Units to be occupied by Low- to Moderate-Income Households.
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Long-Term Occupancy Requirements. Notwithstanding anything herein to the contrary, at the time of occupancy of the Property or the time funds are invested pursuant to CDBG Program in connection with the Property, whichever is later, Developer must make, at a minimum, 51% of the total number of units must be used for affordable rental housing for low- and moderate-income persons or households earning 80% or less of the Area Median Family Income.
Sample 1Sample 2Sample 3See All (6)
Long-Term Occupancy Requirements. Notwithstanding anything herein to the contrary, Developer must use, at a minimum, 51% of the total number of Units for affordable rental housing for Low- to Moderate-Income Households at the later of the time of occupancy of the Property or the time when funds are invested pursuant to the CDBG-DR Program in connection with the Property. Developer shall designate, at a minimum, thirty-nine (39) (51%) of the seventy-six (76) total Units as Qualifying Units to be occupied by Low- to Moderate-Income Households.
Sample 1
Long-Term Occupancy Requirements. Pursuant to the XXXX and subsection (a) of this Section 6.1 of the Contract, during the Contract Period or XXXX Term, whichever period is longer, following the initial occupancy period, Development Owner will make available for occupancy to: Extremely Low Income Families whose Annual Incomes do not exceed thirty percent (30%) of the Area Median Income the ■ [floating][fixed] Units of the Qualifying Units.
Sample 1
Long-Term Occupancy Requirements. Pursuant to subsection (a) of this Section 6.1 of the Contract and the XXXX, during the Contract Period or Affordability Period, whichever period is longer, following the initial occupancy period, Development Owner will make available for occupancy to: Low Income Families whose Annual Incomes do not exceed eighty percent (80%) of the Area Median Income not less than ■ [floating][fixed] [■OPTIONAL IF FIXED UNITS- Qualifying] Units of the Qualifying Units; Low Income Families whose Annual Incomes do not exceed sixty percent (60%) of the Area Median Income not less than■ [floating][fixed] [■OPTIONAL IF FIXED UNITS- Qualifying] Units of the Qualifying Units; Very Low Income Families whose Annual Incomes do not exceed fifty percent (50%) of the Area Median Income not less than ■ [floating][fixed] [■OPTIONAL IF FIXED UNITS-Qualifying] Units of the Qualifying Units; Very Low Income Families whose Annual Incomes do not exceed forty percent (40%) of the Area Median Income not less than ■ [floating][fixed] [■OPTIONAL IF FIXED UNITS-Qualifying] Units of the Qualifying Units; and Extremely Low Income Families whose Annual Incomes do not exceed thirty percent (30%) of the Area Median Income the remaining ■ [■OPTIONAL IF FIXED UNITS- Qualifying] Units of the Qualifying Units ■ [floating][fixed] [and the Qualifying Units cannot be Units that have other rental assistance except if no other Unit is available for an applicant with a tenant-based voucher]; .
Sample 1

Related to Long-Term Occupancy Requirements

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  • City Requirements Design, construction, materials, sizing, other specifications, permitting, inspections, testing, documentation and furnishing of as-built drawings, and acceptance of completed infrastructure shall be in accordance with City Requirements. Design and construction shall be by professionals licensed in the state of North Carolina to do the relevant work. City approval of the design of the Improvements shall be required prior to construction, as set forth in City Requirements. If Developer is connecting to the County sewer system, the City may require Developer to furnish the contract providing for such connection.

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  • E-Verify Requirements To the extent applicable under ARIZ. REV. STAT. § 41- 4401, the Contractor and its subcontractors warrant compliance with all federal immigration laws and regulations that relate to their employees and their compliance with the E-verify requirements under ARIZ. REV. STAT. § 23-214(A). Contractor’s or its subcontractor’s failure to comply with such warranty shall be deemed a material breach of this Agreement and may result in the termination of this Agreement by the City.

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