Deeply Affordable Housing definition

Deeply Affordable Housing means financing for any (1) affordable housing units restricted to households earning below 30% of area median income3 for a period not less than 10 years, prorated based on the percentage that such units make up of the total number of housing units; or (2) Affordable Housing in a “high opportunity area” as defined by the Federal Housing Finance Agency in 12 C.F.R. § 1282.1(b).
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Deeply Affordable Housing means (1) with respect to rental housing, housing that is affordable to households earning up to thirty percent (30%) of the area median income, and (2) with respect to owner-occupied housing, housing that is affordable to households earning up to eighty percent (80%) of the area median income.
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Examples of Deeply Affordable Housing in a sentence

  • Organizations previously receiving funding from DWS or OHS must be in good standing to be considered for the Office of Homeless Services Deeply Affordable Housing Fund Grant.EXPECTED MEASUREMENTS AND OUTCOMES1.

  • Deeply Affordable Housing means housing in which tenants pay rents that are affordable to extremely low-income (ELI) people who have incomes below 30% AMI.

  • The County’s Deeply Affordable Housing Infrastructure Initiative is designed to provide funding to developers and owners of multifamily properties for the production, acquisition, development, conversion, and/or rehabilitation of affordable housing units and permanent supportive housing units within the County.

  • Adam Cooper (Rock Engineering Manager) conducting an inspection of Shaft 1’s 950-metre-level station in early May, in advance of the resumption of shaft-sinking.

  • LU29.083RESOLUTION and public hearing; Approval of Director of Administration's Final Report Dated April 6, 2017 Concerning the Discontinuance of a Portion of Stanley Court and Directing that Such Discontinuance be Carried Out to Facilitate a Deeply Affordable Housing Project.04/06/17 – Submitted by Mayor Martin 04/25/17 – Approved by Planning Board 05/11/17 – Approved by Board of Finance05/31/17 – Approved by Committee for publication07/05/17 – Approved by Committee 8-0-0APPROVED ON CONSENT AGENDA2.

  • Please review the Ramsey County Economic Competitiveness and Inclusion Plan, the Equitable Development Framework, and the Deeply Affordable Housing Initiatives Engagement Report, which describe the County’s priorities and planning goals.

  • Affordable family housing is generally defined as units with three or more bedrooms affordable to those earning 80% of the area median income (AMI) or below.⮚ Deeply Affordable Housing – Expand the availability of units for extremely low- income households, thereby providing more housing options for individuals or families that are homeless or at risk of homelessness.

  • Varieties of Deeply Affordable Housing Currently, only those who are rated Tier 1, or most acute, are offered any housing resources.What this means in practical terms is that homeless people must be severely acute before getting housing, typically after being homeless for long periods of time.

  • Please review the Ramsey County Economic Competitiveness and Inclusion Plan, the Equitable Development Framework, and the Deeply Affordable Housing Initiative’s Engagement Report.

  • The City of Saint Paul created the 30% AMI Deeply Affordable Housing Program utilizing American Rescue Plan Act State and Local Fiscal Recovery Funds (ARPA).

Related to Deeply Affordable Housing

  • 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 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.

  • 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 program(s means any mechanism in a municipal Fair Share Plan prepared or implemented to address a municipality’s fair share obligation.

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

  • 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.

  • 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.

  • Residential housing or "Residence" means a single-family, owner-occupied dwelling located within the State that qualifies for financing by the Authority within the meaning of the Act, the Rules and Regulations, the Code and related regulations.

  • 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.

  • Affordable Units means units that have rents that do not

  • Workforce housing means housing for sale or rent with combined rental costs

  • Manufactured housing means “manufactured home” as defined in section 321.1.

  • 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.

  • Orthodontic means a type of specialist dental treatment carried out by an orthodontist that diagnoses, prevents and corrects mispositioned teeth and jaws and misaligned bite patterns.

  • Cooperative Apartment A dwelling unit in a multi-dwelling building owned or leased by a Cooperative, which unit the Mortgagor has an exclusive right to occupy pursuant to the terms of a proprietary lease or occupancy agreement.

  • 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).

  • Housing development as used in this section, means a development project for five or more residential units, including mixed-use developments. For the purposes of this section, “housing development” also includes a subdivision or common interest development, as defined in Section 4100 of the Civil Code, approved by a city, county, or city and county and consists of residential units or unimproved residential lots and either a project to substantially rehabilitate and convert an existing commercial building to residential use or the substantial rehabilitation of an existing multifamily dwelling, as defined in subdivision (d) of Section 65863.4, where the result of the rehabilitation would be a net increase in available residential units. For the purpose of calculating a density bonus, the residential units shall be on contiguous sites that are the subject of one development application, but do not have to be based upon individual subdivision maps or parcels. The density bonus shall be permitted in geographic areas of the housing development other than the areas where the units for the lower income households are located.

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

  • Cooperative means a housing corporation or association which

  • 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).

  • 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:

  • Health Care Operations shall have the meaning given to such term under the HIPAA 2 Privacy Rule in 45 CFR § 164.501.

  • Centers means the international agricultural and natural resources research centers that are members of the Consortium; and each a “Center”.