Housing Credit Development definition

Housing Credit Development means the proposed or existing rental housing Development(s) for which Housing Credits have been applied or received.
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Housing Credit Development means the proposed or existing rental housing Development(s) for
Sample 1Sample 2Sample 3
Housing Credit Development means the proposed or existing rental housing Development(s) for which Housing Credits
Sample 1

Examples of Housing Credit Development in a sentence

  • The owner of the Housing Credit Development shall not give preference to any particular class or group in renting the dwelling units in the Housing Credit Development, except to the extent that dwelling units are required to be rented to Eligible Persons.

  • The owner of a Housing Credit Development shall notify the Corporation in writing of an impending sale and of compliance with any requirements by the Treasury for the transfer of the Housing Credit Development.

  • To the extent that a Housing Credit Development is not otherwise subject to Section 504 and its related regulations, the Housing Credit Development shall nevertheless comply with Section 504 and its related regulations as requirements of the Housing Credit Program to the same extent as if the Housing Credit Development were subject to Section 504 and its related regulations in all respects.

  • All of the dwelling units within a Housing Credit Development shall be rented or available for rent on a continuous basis to members of the general public.

  • An Applicant shall have tax basis in the Housing Credit Development which is greater than 10 percent of the reasonably expected basis in the Housing Credit Development within six (6) months of the date the Corporation issues the Carryover Allocation Agreement, unless extended as provided in the Carryover Allocation Agreement, or the Housing Credits will be deemed to be returned to the Corporation.

  • Each Housing Credit Development shall complete the final cost certification process as required in a competitive solicitation.

  • Allocations are further contingent on the Applicant complying with its Application commitments, this rule chapter, and Section 42 of the IRC.(3) All of the dwelling units within a Housing Credit Development shall be rented or available for rent on a continuous basis to members of the general public.

  • An owner of a Housing Credit Development, its successor or assigns which has been granted a Final Housing Credit Allocation shall not sell the Housing Credit Development without having first notified the Treasury of the impending sale and complying with the Treasury’s procedure or procedures for completing the transfer of ownership and utilizing the Housing Credit Allocation.

  • Further, each Housing Credit Development shall comply with any additional Housing Credit Set-Aside committed to by the Applicant in the Application.

  • Further, each Housing Credit Development shall comply with any additional Housing Credit Set-Aside chosen by the Applicant in the Application.


More Definitions of Housing Credit Development

Housing Credit Development means the proposed or existing rental
Sample 1

Related to Housing Credit Development

  • 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.

  • 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.

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • New development means development resulting from the conversion of previously undeveloped land or agricultural land uses.

  • Housing Services means the active search and promotion of indi- vidual access to, and choice in, safe and affordable housing that is appropriate to the person's age, culture, and needs.

  • Development means any man-made change to improved or unimproved real estate, including, but not limited to, buildings or other structures, mining, dredging, filling, grading, paving, excavation or drilling operations, or storage of equipment or materials.

  • Housing Provider means, with respect to a HOME Development, Local Government, consortia approved by HUD under 24 CFR Part 92, for-profit and Non-Profit Developers, and qualified CHDOs, with demonstrated capacity to construct or rehabilitate affordable housing.