Affordable housing covenant means a nonpossessory interest in real property imposing
Affordable housing covenant means a nonpossessory interest in real property im- posing limitations, restrictions or affirmative obligations that encourage development or that ensure continued availability of afforda- ble rental and owner-occupied housing for low or moderate income individuals.
Affordable housing covenant means a public positive covenant in respect of an allotment of Affordable Housing identified on a registered plan of strata Subdivision for the Land, that: is a public positive covenant under section 88E of the Conveyancing Act 1919 (NSW), and which satisfies the requirements of section 88E; specifies that the City is imposing the public positive covenant, has the benefit of the public positive covenant, and has the sole authority to modify, vary or release the public positive covenant; and requires that, in respect of the dwelling of Affordable Housing within the allotment on which title the covenant is registered:
Examples of Affordable housing covenant in a sentence
Location of housing Timing of construction vis a vis market rate units Affordable housing covenant Length of covenantForm of covenant (rental v.
More Definitions of Affordable housing covenant
Affordable housing covenant means any agreement among one or more owners, one or more tenants of residential real estate and one or more qualified holders, or between one or more owners and one or more qualified holders, or between one or more tenants and one or more qualified holders, that permits a qualified holder to control, either directly or indirectly, the purchase price of residential housing for the primary purpose of providing that the housing remains affordable to lower income and moderate-income households. [PL 1991, c. 373 (NEW).]
Affordable housing covenant means a nonpossessory interest in real property imposing limitations, restrictions or affirmative obligations that encourage development or that ensure con- tinued availability of affordable rental and owner-occupied housing for low or moderate income [in- dividuals] households.
Affordable housing covenant is that certain Affordable Housing Covenant between District and Developer substantially in the form attached hereto as Exhibit C, to be conformed and made consistent with this Agreement, and to be recorded in the Land Records against the Fee Parcels at Closing pursuant to Applicable Law and this Agreement.
Affordable housing covenant means a nonpossessory interest in real property imposing limitations, restrictions or affirmative obligations that encourage development or that ensure continued availability of affordable rental and owner-occupied housing for low or moderate income individuals.
Affordable housing covenant means the covenant to be recorded against each For Sale Affordable Unit in the form attached hereto as Exhibit "D-1" for Affordable Units designated for Very Low Income Households and Exhibit "D-2" for Affordable Units designated for Moderate Income Households.
Affordable housing covenant means any agreement among one or more owners, one or more tenants of residential
Affordable housing covenant has the meaning set forth in Section 3.2.3.