Entry Level Housing definition

Entry Level Housing shall be originally sold at a price of no more than that considered as affordable under Sec. 19‐69‐d‐4 (calculated by Maine State Housing Authority at $280,000.00 in 2016). Entry level housing will not include Accessory Dwelling Units (ADU). Entry Level Housing on single family house lots will account for a minimum of 6 and maximum of 15 within each phase. The total project minimum number of Entry Level Single Family House Lots will be 32.
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Entry Level Housing which shall mean that they are originally sold at a price of no more than that considered as affordable under Sec. 19-69-d-4 (calculated by Maine State Housing Authority at $280,000.00 in 2017). It is anticipated that this amount may increase over the life of the subdivision. A deed restriction shall limit any subsequent sale to the original sale price for a period of three years from the date of the original sale. Entry Level Housing shall be exempt from the requirement of a rate of residential growth development permit.
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Examples of Entry Level Housing in a sentence

  • Entry Level Housing, which shall be defined as housing sold originally at a price of no more than that considered as affordable under Sec.

  • This Agreement is entered into effective September 1, 2021, by and between the Milan Board of Education, hereinafter called the "Board" and the Milan Area Schools Support Staff (MASSS), hereinafter called the "Union".

  • Entry Level Housing on single family house lots will account for a minimum of 6 and maximum of 15 within each phase.

  • Entry Level Housing may also be provided in Two-Family Dwelling units provided that the total number of entry level housing units in two-family dwellings does not exceed 50% of the total number of entry level units.

  • Entry Level Housing, which shall be sold originally at a price of no more than that considered as affordable under Sec.

  • Entry Level Housing on single family house lots will shall account for a minimum of 6 and maximum of 15 within each phase.