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.
Appears in 3 contracts
Sources: Development Agreement, Development Agreement, Development Agreement