Market Rental Housing definition
Examples of Market Rental Housing in a sentence
The draft Housing Agreement Bylaw – Below- Market Rental Housing is included as Attachment 2; • 10 rent-to-own units, including 6 one-bedroom and 4 two-bedroom units.
The other details of the Market Rental Housing will be determined to the satisfaction of the General Manager of Community Development and as agreed to by the Grantor as part of the final Market Rental Housing Agreement to be prepared by the Grantor.
The Developer further covenants and agrees with the City that the Phase 1 Site shall not be Subdivided, Developed or built upon in any way and no development permit shall be issued for the Phase 1 Site unless and until the City has adopted a Housing Agreement/ pursuant to Section 483 of the Local Government Act and Section 219 of the Land Title Act to secure not less than THREE HUNDRED AND TWENTY- EIGHT (328) Dwelling Units as Below Market Rental Housing Units in Phase 1.