Hard Unit definition
Hard Unit shall include project-based vouchers with a fifteen-year affordability term.
Hard Unit means an Affordable rental housing unit that results from new construction, substantial rehabilitation, acquisition, or existing housing stock provided that the unit is not in a Project or development that is currently financed or assisted with affordable rental housing funds, and the unit otherwise conforms to the requirements of this Agreement. “Hard Unit” shall include project-based vouchers with a fifteen-year affordability term.
Examples of Hard Unit in a sentence
In addition, an exception may be authorized by Complainants at any time for a specific rental housing development or housing unit(s) that is outside of the census tracts in Exhibit F to count as a Hard Unit.
If during the term of this Agreement, a beneficiary of the County’s Mobility Counseling Program utilizes their Voucher to lease a new Hard Unit located in a census tract in Exhibit F, Table A, the County may count the use of the mobility voucher towards the requirement to provide 2,000 mobility voucher placements under subparagraph a.