affordable residential unit definition

affordable residential unit means a residential unit that meets the criteria set out in subsection (2) or (3); (“unité d’habitation abordable”)
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affordable residential unit means a residential unit that meets the criteria set out in subsection 4.1(2) or 4.1(3) of the Act;
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affordable residential unit means a residential unit that meets the criteria set out in subsection 4.1 of the Development Charges Act, 1997;
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Examples of affordable residential unit in a sentence

  • Affordable Residential Unit Premium OptionIn the D1 and D2 districts, additional Floor Area may be earned to exceed the normal maximum FAR when Affordable Housing Dwelling Units are included in a Development as provided below.

  • The lease term for each For-Rent Affordable Residential Unit and for each Market Rate Housing Unit offered for rent shall not exceed one (1) year.

  • The lease term for each For-Rent Affordable Residential Unit shall be renewable annually only upon the completion of the Income Certification process described in Section 4.

  • The Rental Rate for each For-Rent Affordable Residential Unit shall initially be determined based upon the Imputed Household Size and AMI Percentage for that For-Rent Affordable Residential Unit (and, as set forth in the definition of Affordable Rent, shall not exceed thirty percent (30%) of the applicable AMI Percentage multiplied by the Area Median Income, based upon the Imputed Household Size).

  • The For-Rent Affordable Residential Units shall remain available at Affordable Rents for a continuous period of ninety (90) years after the initial lease of each For-Rent Affordable Residential Unit.

  • Induction programmes can provide an opportunity to emphasise the importance of the job planning process as a means of linking the aims and objectives of the service to individual activity.

  • In addition to providing the number of on- site affordable units required in Section 23-4E-4050(B) (Affordable Residential Unit Requirement), an applicant must pay a bonus fee to the Housing Trust Fund that equals the non-residential bonus floor area multiplied by the non-residential bonus fee rate that is effective at the time the site plan for the proposed development is submitted.

  • Provide the affordable residential unit requirement as determined in (23-4E-4030)(C) (Affordable Residential Unit Requirement).

  • Subject to any such consent, nothing in this Section 5 shall limit the requirements of the Affordable Housing Program that a Declaration of Restrictions for For-Rent Affordable Housing Units be recorded against each For- Rent Affordable Residential Unit, that each For-Sale Affordable Residential Unit be sold to qualified members of the public using an Affordable Housing Parcel Deed, together with a Declaration of Restrictions for For-Sale Affordable Residential Unit and Option to Purchase Agreement.

  • If the Planning and Building Director determines that a sales price in excess of that allowed by this section 30-17 has been charged for an ownership Affordable Residential Unit, the City may take the appropriate legal action to recover, and the Affordable Residential Unit seller shall be obligated to pay to the purchaser (or to the City in the event the purchaser cannot be located), any excess sales costs.

Related to affordable residential unit

  • 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% of area medianincome, as 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 Units means units that have rents that do not

  • Residential Unit means a home, apartment, residential condominium unit or mobile home, serving as the principal place of residence.

  • 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 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;

  • Residential Lot means a lot, the use of which is limited by law, covenant,

  • Residential property means improved property that:-

  • Residential care means the provision of care on a 24-hour day basis.

  • 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;

  • Residential Project means a redevelopment project that is

  • 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.

  • Residential service means water service provided for domestic or irrigation purposes in a residential area and is not considered a commercial service.