Affordable Housing TIF definition

Affordable Housing TIF means an affordable housing development district and development program approved by MaineHousing pursuant to MaineHousing’s Affordable Housing Tax Increment Financing Program, 30-A M.R.S.A., Chapter 206, Subchapter 3 and the Act, as may be amended.
Sample 1Sample 2Sample 3
Affordable Housing TIF means an affordable housing development district and program approved by MaineHousing pursuant to MaineHousing’s Affordable Housing Tax Increment Financing Program and the Act.
Sample 1Sample 2Sample 3

Examples of Affordable Housing TIF in a sentence

  • Affordable Housing TIF (AHTIF) may be designated on an area wide or site specific basis.

  • In Affordable Housing TIF Districts, this would include housing development, address blight, or historic preservation in conformance with the TIF statute.

  • Funding made possible by an Affordable Housing TIF will not be eligible unless the Applicant submits a complete application for the TIF at least 45 calendar days before the applicable Application deadline.

  • If AC’s decision is not followed by EC or BA, AC has power to call a special GA shura meeting to declare immediate recall of the offending member(s) and will make interim appointment(s) for the remainder of the term.

  • Funding made possible by an Affordable Housing TIF will not be eligible for consideration under this subsection if a complete application for the Affordable Housing TIF is submitted to MaineHousing less than 45 days prior to the deadline for Applications for the applicable Credit round.

  • Affordable Housing TIF) Duration: 30 year term (FY08 through FY37)Percentages: Various percentages captured value to return to Developer based on Maine State Housing Authority Certificate of Approval, to a maximum of $22,000 annual cap.

  • This Affordable Housing TIF District supports the development of an 18-unit residential rental project.

  • This Affordable Housing TIF District supports the development of a 37-unit residential rental project.

  • Duration: 22 year term (FY14 through FY35)Percentage: 50% to Developer; 50% to City Housing Affordable Housing Revolving Loan Fund Location: 409 Cumberland Avenue This Affordable Housing TIF District supports the development of 46 affordable units and 11 market rate units of rental housing.

  • Capital funding made possible by an Affordable Housing TIF that directly benefits the Project will be evaluated as if it were a grant, provided that funding made possible by an Affordable Housing TIF will not be eligible for consideration under this subsection if a complete application for the Affordable Housing TIF is submitted to MaineHousing less than 45 days prior to the deadline for Applications for the applicable Credit round.

Related to Affordable Housing TIF

  • 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 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 Cost means an amount satisfied by:

  • 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 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 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.

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

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

  • 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:

  • Family or “family member” means your spouse, and any child, stepchild, parent, or parent-in-law who receives more than one-half of his or her support from you or from whom you receive more than one-half of your support.