Affordability definition

Affordability means a housing unit that satisfies at least one of the following criteria:

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Affordability means a community's ability, on a per house- hold basis, to pay for rate increases that result from a DWSRF loan project.

Affordability means that the financial commitments to be incurred by an institution in terms of the PPP agreement can be met by funds –

Examples of Affordability in a sentence

• The Contractor will comply with all compliance standards and operating rules of the Patient Protection and Affordability Care Act (PPACA) and will report data as requested by EOHHS.

• The purchasing Inclusionary Unit Owner shall submit to the District Agency within seventeen (17) days after the closing on the Sale of any For Sale Inclusionary Unit a final executed HUD settlement statement and a copy of the deed recorded in the Land Records, including the Declaration of Eligibility and Certification of Income, Affordability, and Housing Size.

• By execution of a deed for the For Sale Inclusionary Unit, the Inclusionary Development Owner, for initial Sales, and the Inclusionary Unit Owner, for subsequent Sales, shall be deemed to represent and warrant to, and agree with, the District Agency and, if applicable, the title company, each of whom may rely on the following: that (i) the purchaser is a Qualified Purchaser at the Designated Affordability Level, and (ii) the sale price satisfies the terms of this Covenant and the IZ Laws.

• I understand that I must inform ▇▇▇▇▇▇▇▇▇ should my Affordability deteriorate (get worse) following my initial Affordability assessment when my Maximum Credit Limit was originally determined.

• Sponsor must comply with the Affordability Period in accordance with this Agreement and the Declaration of Restrictive Covenants.

More Definitions of Affordability

Affordability means activities that provide affordability in a variety of ways in the lives of low- and moderate-income people. It can include the creation of affordable housing, infrastructure improvements that support housing, affordable business financing, or services such as transportation or child care that support people in obtaining or maintaining a job.

Affordability means a community's ability, on a per household basis, to pay for rate increases that result from a DWSRF loan project.

Affordability means that—

Affordability means price relative to per capita income;

Affordability means the relative ability of the people of the state to pay for or incur the cost of a proposal, given:

Affordability means the Housing costs to the household are less than 30% of the total before-tax household income;

Affordability. — means the Housing costs to the household are less than 30 per cent of the total before-tax household income;