Inclusionary development definition

Inclusionary development means a development containing both affordable units and market rate units. This term includes, but is not necessarily limited to: new construction, the conversion of a non-residential structure to residential and the creation of new affordable units through the reconstruction of a vacant residential structure.

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Inclusionary development means a residential housing development in which a substantial percentage of the housing units are provided for a reasonable income range of low and moderate income households.

Inclusionary development means a development containing both affordable units and market rate units. Inclusionary developments must have a twenty (20) percent set aside of affordable units if the development has five or more units and is a for-sale project, or a fifteen (15) percent set-aside if the development is a rental project. This term includes, but is not necessarily limited to: new construction, the conversion of a non-residential structure to residential and the creation of new affordable units through the reconstruction of a vacant residential structure.

Examples of Inclusionary development in a sentence

• The rights and obligations of the District, the Inclusionary Development Owner, Inclusionary Unit Owner and their respective successors, heirs, and assigns shall be binding upon and inure to the benefit of the foregoing parties and their respective successors, heirs, and assigns.

• The Inclusionary Development Owner hereby covenants that it shall utilize a lease agreement which incorporates and attaches the Rental Inclusionary Unit Lease Rider.

• The Inclusionary Development Owner is hereby entering into this Covenant to set forth the terms, restrictions, and conditions upon which Owner (as defined below) will construct, maintain, rent, and sell the Inclusionary Units.

• District has determined, in accordance with the Inclusionary Zoning Program and its public policy of increasing the affordable housing stock in the District of Columbia, that the Site and the Inclusionary Development (collectively, the “Property”) shall be subject to this Covenant which requires among other things that the Inclusionary Development contain a certain number of Inclusionary Units (as defined below).

• Except as provided herein, all Inclusionary Unit Owners and Inclusionary Unit Tenants shall have the same and equal use and enjoyment of all of the amenities of the Property and services provided at the Inclusionary Development as the owners or tenants of the comparable Market-Rate Units.

More Definitions of Inclusionary development

Inclusionary development means a development containing both affordable units and market rate units. Inclusionary developments must have a twenty percent set aside of affordable units if the development has five or more units. This term includes, but is not necessarily limited to: new construction, the conversion of a non- residential structure to residential and the creation of new affordable units through the reconstruction of a vacant residential structure.

Inclusionary development means a development containing both affordable and market-rate units.

Inclusionary development means a market rate residential housing development [in which a substantial percentage of the housing units are provided for a reasonable income range of] that includes units set-aside as housing affordable to low and moderate income households.

Inclusionary development means a development containing both affordable units and market rate units. Inclusionary developments that has five or more units must have a minimum twenty percent set aside of affordable units if it is for sale and a minimum fifteen percent set aside for rentals. This term includes, but is not necessarily limited to: new construction, the conversion of a non-residential structure to residential and the creation of new affordable units through the reconstruction of a vacant residential structure.

Inclusionary development has the meaning given in the IZ Implementation

Inclusionary development means a residential housing

Inclusionary development means a development containing a number of low and moderate income units, as required pursuant to local inclusionary zoning ordinance, affordable housing overlay, or redevelopment area plan. This term includes, but is not limited to, new construction, the conversion of a non- residential structure to a residential structure and the creation of new low and moderate income units through the gut rehabilitation of a vacant residential structure.