Hero Housing Program definition
Hero Housing Program means a program whereby the Company shall set aside three multifamily units, which shall either be one or two bedroom units at the Project, for police officers employed by the City of Doraville Police Department, and if not rented by such persons, then for City staff that support the City of Doraville Police Department (such units being the “Hero Housing Units”). The Company shall offer each Hero Housing Unit at a rate that is 30% less than the then current rents being quoted to similar market-rate units available at the Project. The Hero Housing Unit shall at all times be substantially similar in construction and appearance (e.g., square footage, type and brand of appliances, materials used for countertops, flooring, etc.) to the market-rate units, and shall not be in an isolated area of the Project but shall be interspersed among market-rate units at the Project. For the avoidance of doubt, the resident(s) of a Hero Housing Unit shall not be counted for purposes of calculating compliance with the Jobs Goal.
Examples of Hero Housing Program in a sentence
However, the Project shall conform in all material respects to its description in this Agreement, including, specifically, the Standards and the Hero Housing Program.