Workforce Housing. The Developer as a measure to promote the ownership or occupancy of workforce housing opportunities within the City agrees to the terms as oulined in Exhibit S.
Workforce Housing. Housing affordable to natural persons or families whose total annual household income does not exceed 140 percent of the area median income for Palm Beach County, adjusted for household size. It is a program to increase housing opportunities for people employed in Palm Beach County jobs to purchase housing at below market prices.
Workforce Housing. In addition to the affordable, or inclusionary, housing to be included as a component of the Project, Owner shall endeavor to develop some “workforce housing” as part of the residential component of the Project, “workforce housing” being that which targets households with incomes between 80% to 120% of the median income for the Burlington/South Burlington MSA, adjusted for household size, and it being understood that these voluntary efforts on the part of the Owner shall create no new legal obligation to create or maintain such housing.
Workforce Housing. The Agency shall cooperate in good faith with State Parks to provide opportunities, at purchase prices or rental charges established under the Below-Market Rate Housing Plan that is attached to and a part of the DDA (the “Housing Plan”) and subject to applicable fair housing laws, for up to eleven (11) Workforce Units (as defined in the Housing Plan) in the Candlestick Site to income-eligible employees of State Parks working in the CPSRA.
Workforce Housing. In recognition of the Citywide need for more housing that is affordable, the Owner shall set aside Workforce Housing, as presently defined in the Zoning Ordinance, pursuant to the below schedule and for the duration of the Miami Produce SAP. Co-Living Rooms and Co-Living Residences shall not count toward the Workforce Housing requirements.
Workforce Housing. Section 5.2 of the Agreement, and the last four (4) sentences of Section 13.1 of the Agreement, are hereby deleted and replaced with the following:
Workforce Housing. For purposes of this Agreement, the term “
Workforce Housing. The Developer shall construct (3) three attached apartment units within the Commercial clinic building as set forth by Condition of Approval number 4 on Exhibit “B” of Town of Xxxxxx Ordinance 08-18, Series of 2018.
Workforce Housing. (For-Sale). The Project shall provide five (5) percent of the approved number of 551 for-sale units (28 units) to be reserved for workforce housing (defined as families earning 150 percent of the median income and adjusted for household size) as determined annually by HCIDLA.
Workforce Housing. The Developer shall construct or cause to be constructed a 2 minimum of 350 for-sale or for-rent “workforce housing” units (as hereinafter defined) 3 within the DRI within the timeframes set forth herein. Construction of at least 175 4 workforce housing units shall be commenced no later than issuance of the 4,840th 5 residential building permit within the DRI. Construction of the remaining 175 6 workforce housing units shall be commenced no later than issuance of the 1,080th 7 residential building permit for construction within DRI Phase III. “Workforce housing” 8 is defined as housing that is affordable to a person who earns less than 120 percent of 9 the area median income, or less than 140 percent of the area median income as well as 10 located in a county in which the median purchase price for a single family existing 11 home exceeds the statewide median purchase price of a single family existing home. A 12 “statewide median purchase price of a single family existing home” means the statewide 13 purchase price as determined in the Florida Sales Report, Single-Family Existing 14 Homes, released each January by the Florida Association of Realtors and the University 15 of Florida Real Estate Research Center. Such workforce housing shall be subject to a 16 recorded land use restriction with the City as a named third party beneficiary that shall 17 be for a period of not less than twenty (20) years and that includes resale provisions to 18 ensure long-term affordability for income-eligible homeowners and renters, such as but 19 not limited to, a cap on the resale price of a home that is tied to not more than a fixed 20 percentage above the Consumer Price Index for All Urban Consumers (CPI-U). In its 21 eligibility review of perspective purchasers for such workforce housing units, the 22 Developer or its assigns may give priority status to persons working in the DRI or 23 within a three (3) mile radius of the DRI. Any rental of workforce housing, including 24 rental of units previously for sale to owner-occupants, shall be to persons meeting the 25 above affordability criteria through a program supervised by the City or housing 26 organization designated by the City to ensure that only persons meeting the income 27 limitations set forth above occupy such affordable housing during the twenty (20) year 28 deed restriction period. As to for-sale workforce housing, the Developer shall notify the 29 City or its designated housing organization (as directed by the ...
