Affordable Housing Unit definition

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 Unit means a unit of housing that is affordable to individuals and families with annual incomes of one hundred percent (100%) or less of Area Median Income within Grand County as calculated by HUD.
Affordable Housing Unit means a residential dwelling unit, offered for sale or rent, as applicable, which is Affordable to those in the AMI ranges specified in the Affordable Housing Table.

Examples of Affordable Housing Unit in a sentence

  • If the COP or DTHP certificate holder is found eligible for an Affordable Housing Unit in the building, they shall be placed at the top of the waitlist list, immediately after any other COP and DTHP Certificate Holders already on the waiting list.

  • Each Affordable Housing Unit created in accordance with this Section shall have limitations governing its resale through the use of an Affordable Housing Restriction.

  • Other Affordable Housing Unit Requirements: Developers shall also comply with all of the other requirements of the Township’s Affordable Housing Ordinance, including, but not limited to, (1) affirmative marketing requirements, (2) candidate qualification and screening requirements, (3) integrating the affordable units amongst the market rate units, and (4) unit phasing requirements.

  • In a Milton Village Mixed-use Planned Unit Development with property frontage on Adams Street, a bonus of additional allowable building height may be granted at the discretion of the Planning Board in exchange for district benefits in the form of only one of the following three bonus incentive options: District Improvement Incentive, Affordable Housing Unit Incentive, or Historic Preservation Incentive.

  • During the Affordability Period, no Affordable Housing Unit shall be registered as a condominium unit or any other form of ownership housing that provides a right to exclusive possession of a dwelling unit, including life lease or co-ownership, and no application shall be made to demolish any Affordable Housing Unit or to convert any Affordable Housing Unit to a non-residential rental purpose.

More Definitions of Affordable Housing Unit

Affordable Housing Unit means each unit of Affordable Housing to be constructed on the property pursuant to the Planning Permission and which in total will comprise 4 (four) Affordable Rented Housing units and 7 (seven) Shared Ownership Housing units.
Affordable Housing Unit means a Dwelling Unit or Dwelling Units designated as such in accordance with a building permit and/otf development permit issued by the City and/or, if applicable, in accordance with any rezoning consideration applicable to the development on the Lands and includes, without limiting the generality of the foregoing, the Dwelling Unit charged by this Agreement;
Affordable Housing Unit means in respect of the units in the Project,
Affordable Housing Unit means a studio, 1 bedroom, 2 bedroom or 3 bedroom Dwelling Unit on the Lands in respect of which the construction, tenure, rental and occupancy are restricted in accordance with sections b through e of this Agreement;
Affordable Housing Unit means any dwelling to be provided within the Proposed Development as Affordable Housing.
Affordable Housing Unit means a dwelling within the Affordable Housing Development that is
Affordable Housing Unit means a single unit of housing that is located within an affordable housing development, or a single unit of housing constructed on a single lot as part of development or redevelopment within a previously platted subdivision, and that is made available to a qualifying household.