Affordable housing price definition

Affordable housing price means a sales price at which low-income households can qualify for the purchase of for-sale dwelling units. Qualification is based on no more than 35% of income being applied to housing expenses (mortgage principal and interest, taxes, insurance, and assessments).
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Affordable housing price means a sales price at which low income or very low
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Affordable housing price means the sum payable to the Owner by the Registered Provider for the Affordable Housing Land which sum shall be calculated as follows: The transfer or lease of the Affordable Housing Land at nil cost; or The Owner having at its own cost: remediated the Affordable Housing Land in accordance with all necessary consents and statutory requirements so that the land is suitable for its intended use cleared and levelled the Affordable Housing Land provided the Affordable Housing Land with all necessary service media for gas telecommunications water foul and surface water drainage highways and electricity to render the said land for use (once developed) for residential purposes and without requiring plant or equipment to provide services; or the Registered Provider paying for the construction and all associated costs of any Affordable Housing Units which are constructed on the Affordable Housing Land; or any other reasonable sum as agreed by the Owner and the Registered Provider
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Examples of Affordable housing price in a sentence

  • The project will constitute Operation and Maintenance committees.

  • Affordable housing price ranges rather than saying low-income housing.


More Definitions of Affordable housing price

Affordable housing price means the sum payable by the Registered Provider for the long leasehold interest or the transfer of the freehold interest in the Affordable Housing Units so as to enable the letting and sale thereof at retained equity rent levels as published by and in accordance with HCA and GLA guidelines;
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Affordable housing price means a sales price at which low income or very low income households can qualify for the purchase of for­sale affordable units. Qualification shall be based on no more than thirty­five
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Affordable housing price means a sales price at which low income or very low income households can qualify for the purchase of for-sale affordable units.
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Affordable housing price means the sum payable to the Owner by the Registered Provider for the Affordable Housing Land on the transfer of a legal estate as required by Schedule 2 of this planning obligation which sum shall be calculated as follows: The transfer or lease of the Affordable Housing Land at nil cost or such other cost as agreed by the parties The Owner having at its own cost: (i) remediated the Affordable Housing Land in accordance with all necessary consents and statutory requirements and (ii) cleared and levelled the Affordable Housing Land (iii) provided the Affordable Housing Land with all necessary service media including conduits and other conducting media for gas telecommuniciations water foul and surface water drainage highways and electricity to render the said land for use (once developed) for residential purposes and without requiring plant or equipment to provide services the Registered Provider paying for the build costs if any Affordable Housing Properties are constructed on the Affordable Housing Land before the transfer or lease of the Affordable Housing Land to the Registered Provider
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Affordable housing price means a sales price of a for-sale dwelling unit that requires a low-income household to expend no more than 35% of its income on housing expenses (mortgage principal and interest, taxes, insurance, and assessments).
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Related to Affordable housing price

  • 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 Cost means an amount satisfied by:

  • 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 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 means either of the following:

  • 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.

  • 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.

  • 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.

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

  • 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.

  • 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

  • Housing Unit means a single-family dwelling (where construction has commenced), whether detached or attached (including condominiums but excluding mobile homes), including the parcel of land on which such dwelling is located, that is or will be available for sale by the Borrower or a Guarantor. The construction of a Housing Unit shall be deemed to have commenced upon commencement of the trenching for the foundation of the Housing Unit. Each “Housing Unit” is either a Presold Unit, a Spec Unit or a Model Unit.

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

  • Tube housing assembly means the tube housing with tube installed. It includes high-voltage and/or filament transformers and other appropriate elements when such are contained within the tube housing.

  • Housing Services means the active search and promotion of indi- vidual access to, and choice in, safe and affordable housing that is appropriate to the person's age, culture, and needs.

  • Housing assistance means appropriate referrals by the

  • Elderly Housing means housing intended for and only occupied by Elderly persons, including a family in which all members are Elderly. All household members must be Elderly (no children, and no disabled persons under the age of 62).

  • Affordable development means a housing development all or a portion of which consists of restricted units.

  • Housing Act means the United States Housing Act of 1937, as amended, or its successor.

  • Family day care home means a unit registered under Title 5, Subtitle 5 of the Family Law Article.

  • Community rehabilitation program means a program that provides directly or facilitates the provision of one or more of the following vocational rehabilitation services to individuals with disabilities to enable those individuals to maximize their opportunities for employment, including career advancement:

  • 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).

  • Moderate income housing means housing occupied or reserved for occupancy by households with a gross household income equal to or less than 80% of the median gross income for households of the same size in the county in which the city is located.

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,