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 for-sale or rental dwelling unit affordable to households with extremely low, very low, low, or moderate incomes as published periodically by HCD for households in Santa Clara County or equivalent as approved by the community development director. Calculations for the required affordable housing resulting in fractional units shall be rounded up to the next whole number.

Examples of Affordable Housing Unit in a sentence

  • The Maximum Special Tax assigned to each Taxable Affordable Housing Unit shall be escalated each Fiscal Year by an amount equal to 2.0% of the amount in effect for the prior Fiscal Year.

  • Once such Affordable Housing Units are built, the units will be exempt from the Special Tax unless and until the deed restriction that qualified the unit as an Affordable Housing Unit is removed.

More Definitions of Affordable Housing Unit

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 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.
Affordable Housing Unit means a Dwelling Unit or Dwelling Units designated as such in accordance with a building permit and/or development permit issued by the City in accordance with the OCPA Considerations and includes, without limiting the generality of the foregoing, the Dwelling Unit charged by this Agreement;
Affordable Housing Unit means a housing unit developed by a multi-family project applicant pursuant to Section 9.64.050 or 9.64.060 of this Chapter which will be affordable to 30% income households, 50% income households, 80% income households, or moderate-income households.
Affordable Housing Unit means a dwelling unit that will be offered for rent or sale exclusively to, and which shall be affordable to, lower-income households as required by this ordinance.
Affordable Housing Unit means a residential dwelling within a Density Bonus Project which will be rented or sold at rates affordable to very low-income households, lower-income households, moderate-income households or senior citizens in accordance with this Chapter and with Section 65915 of the California Government Code.