Affordable Housing Payment definition

Affordable Housing Payment means [an off-site financial payment of £ … increased (but not decreased) by RPI and calculated in accordance with the formula contained within the Council’s Planning Obligations SPG in lieu of the provision of [x] Affordable Housing units within the Development] or [means the off-site financial payment calculated by the Council in accordance with paragraphs x and x of the Affordable Housing Schedule annexed to this Agreement in lieu of the provision of Affordable Housing units within the Development]
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Affordable Housing Payment means the sum of …pounds (£…) to be paid to the Council in lieu of part or all on site affordable housing provision to be used to provide, enable or enhance affordable housing in the wider area to meet local housing needs.
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Affordable Housing Payment means payments to be made by Developer to City as set forth in Section 6.2 of this Agreement.
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Examples of Affordable Housing Payment in a sentence

  • The City further desires to encourage the generation of private payments to the Housing Fund, including without limitation the payment by the Developer of the Affordable Housing Payment.

  • The Parties believe that such an orderly, coordinated development of the Project will provide many public benefits to the City, including without limitation: delivery by the Developer to the City of the Affordable Housing Payment, and development of under-utilized properties and uses.

  • Execution and recording of this Agreement shall be deemed to create a lien in favor of City (as beneficiary), with rights to enforce collection, as to the Affordable Housing Payment.

  • Upon payment of the Purchase Price under the San Xxxx Avenue Transfer Agreement, the City shall deliver such payment to MOH and CPMC shall receive a credit against the next Affordable Housing Payment to MOH under Exhibit G in an amount equal to the Purchase Price paid by CPMC to the City.

  • The City desires that the Property be developed as provided for in the Existing Approvals to: (i) provide for the payment by the Developer to the City of the Affordable Housing Payment, (ii) provide a fully integrated and coordinated development based on comprehensive planning principles; and (iii) to the extent Developer proceeds with the Project, to assure that the Project will be developed as described in the Existing Approvals.

  • Any damage remedy of Developer against City shall be limited to the amount of actual damages sustained by Developer and caused by wrongful actions of City, but in no event to exceed the amounts theretofore paid by Developer to City as the Affordable Housing Payment.

  • Upon receipt by City of the Affordable Housing Payment, City will cause such Affordable Housing Payment to be kept in the Housing Fund until used by the City for purposes consistent with City Resolution No. 2018-106; provided that the manner in which the City deploys moneys in the Housing Fund is not a matter of concern to the Developer.

  • Except for the Affordable Housing Payment, with respect to any requests by the City for payment of amounts due under this Agreement, Developer retains its right to review any invoices or requests for payments submitted by the City pursuant to this Agreement.

  • The Regents has agreed to pay the Primary Developer, in lieu of the PILOT Payments and in addition to the Affordable Housing Payment, a share of the costs of Infrastructure required for development of the Blocks 33/34 Expansion Property, which the Primary Developer will construct, under a separate agreement between the Regents and FOCIL (the "Infrastructure Agreement").

  • The first phase of development has commenced, and Developer deposited the Affordable Housing Payment into an escrow account with Xxxxxxx Title Guaranty Company (“Xxxxxxx Title”), in accordance with joint escrow instructions between Developer and City, dated May 17, 2019, which sum may be withdrawn by City on demand.


More Definitions of Affordable Housing Payment

Affordable Housing Payment shall have the meaning assigned to such term in Section 7(i) of this Agreement.
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Related to Affordable Housing Payment

  • Affordable Housing Cost means an amount satisfied by:

  • Affordable Housing Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60 percent of area median income, as median income was most recently determined by the United States Department of Housing and Urban Development for the Minneapolis- St. Paul- Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • Affordable housing means housing that is available at a cost low enough to meet the needs of eligible households having regard to local incomes and local house prices and which will remain at an affordable price for future eligible households or, if not, that the subsidy is recycled for alternative affordable housing provision

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the Development in accordance with the application and/or any subsequent reserved matters approval.

  • Affordable housing program(s means any mechanism in a municipal Fair Share Plan prepared or implemented to address a municipality’s fair share obligation.

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Affordable Unit means a housing unit proposed or created pursuant to the Act and approved for crediting by the Court and/or funded through an affordable housing trust fund.

  • Affordable means, a sales price or rent level that is within the means of a low- or moderate- income household as defined within N.J.A.C. 5:93-7.4, and, in the case of an ownership unit, that the sales price for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.6, as may be amended and supplemented, and, in the case of a rental unit, that the rent for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.12, as may be amended and supplemented.

  • Affordable Units means units that have rents that do not

  • Affordable Rent means a rent which does not exceed eighty per centum (80%) of the market rent (inclusive of service charges) for an equivalent property of the relevant size and location such rent to be assessed and set in accordance with the applicable requirements of Legislation and of the Rent Standard;

  • Housing assistance means appropriate referrals by the

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Housing project means a project, or distinct portion of a

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.

  • Multifamily housing means housing accommodations designed as a residence for more than 1 family.

  • Housing Provider means, with respect to a HOME Development, Local Government, consortia approved by HUD under 24 CFR Part 92, for-profit and Non-Profit Developers, and qualified CHDOs, with demonstrated capacity to construct or rehabilitate affordable housing.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Cooperative Apartment A dwelling unit in a multi-dwelling building owned or leased by a Cooperative, which unit the Mortgagor has an exclusive right to occupy pursuant to the terms of a proprietary lease or occupancy agreement.

  • Housing costs means the compensation or fees paid or charged, usually periodically, for the use of any property. land, buildings, or equipment. For purposes of this chapter, housing costs include the basic rent charge and any periodic or monthly fees for other services paid to the landlord by the tenant, but do not include utility charges that are based on usage and that the tenant has agreed in the rental agreement to pay, unless the obligation to pay those charges is itself a change in the terms of the rental agreement.

  • Multi-family housing means a building or structure that is designed to house two (2) or more different households in separate housing Units which have full kitchen facilities including oven/range, refrigerator, kitchen sink with hot and cold water supply and food storage facilities and at least one (1) full bathroom facility(s), one (1) full bedroom and one (1) living area (including a combination thereof such as studio arrangements).

  • Residential housing or "Residence" means a single-family, owner-occupied dwelling located within the State that qualifies for financing by the Authority within the meaning of the Act, the Rules and Regulations, the Code and related regulations.

  • Apartment owner means the person owning an apartment and an undivided interest in the common areas and facilities appurtenant to such apartment in the percentage specified in the conveyance deed of apartment;

  • Individual PAGA Payment means the Aggrieved Employee’s pro rata share of 25% of the PAGA Penalties calculated according to the number of Workweeks worked during the PAGA Period.

  • housing benefit means housing benefit under Part 7 of the SSCBA;

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.