Multifamily Project definition

Multifamily Project has the meaning set forth in the Summary of Loan Terms.

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Multifamily Project means multifamily residences built as a single project, in one or more buildings.

Multifamily Project usually means a project containing five or more family units.

Examples of Multifamily Project in a sentence

• The parties hereto agree and acknowledge that MHFA has either already submitted, or may at some time in the future submit, its HUD Risk-Sharing Program Loan made to Borrower in the original principal amount of $ (the “HRS Loan”) to the United States Department of Housing and Urban Development (“HUD”) for insurance under HUD’s Housing Finance Agency Risk-Sharing Program for Insured Affordable Multifamily Project Loans (“HUD Risk-Sharing Program”).

• The Multifamily Project will comply with applicable City of Austin code requirements for water quality and detention.

• Tenant acknowledges that Landlord may be in the process of constructing all or portions of the Multifamily Project and the Common Area or related work adjacent to the Project ("Landlord's Project Construction Work").

• Declarant will install vegetation and/or fencing to screen the Multifamily Project parking garage from view from public right of way, except where the parking garage is already screened from view by multifamily apartment buildings.

• Common Area shall not include areas accessible only to the tenants of the Multifamily Project.

• Regardless, the height of the Multifamily Project will not exceed 860 feet above mean sea level.

• Schedule 2(I) to the Master Agreement (Summary of Master Terms, General Party and Multifamily Project Information) is hereby deleted in its entirety, and replaced with Schedule 2(I) attached hereto.

• The volume of stormwater runoff to be captured in the Detention Pond shall not exceed the pond routing analysis provided for the Multifamily Project permit approval showing no adverse impacts.

• For the avoidance of doubt, the Multifamily Project of Borrower commonly known as Allegro I and Allegro II in Addison, Texas shall be considered to be one (1) Credit Support Property.

• The Multifamily Project will voluntarily include affordable housing (10% of the units at 80% MFI) for 40 years, which will be monitored and enforced by HomeBase Texas, a Texas nonprofit corporation.

More Definitions of Multifamily Project

Multifamily Project means collectively all of the buildings and structures, or any portion thereof, occupied or constructed as apartments or living units within one or more dwellings or multi-unit housing structures, to be occupied by multiple families or occupants, and located on the Property, or a subdivided portion thereof. It shall also include any building and other improvements constructed as a dedicated amenity or accessory used to support and sustain the operation of an apartment housing community on the Property.

Multifamily Project means a project which consists of not less than five dwelling units on one site, each such unit providing complete living facili- ties including provisions for cooking, eating, and sanitation within the unit and which is not now covered by a mortgage insured or held by the Sec- retary. FEES AND CHARGES (a) Preapplication conference. The local HUD Office will determine wheth- er participation in a preapplication conference is required as a condition to submission of an initial application for a firm commitment for insurance of an energy savings improvement loan on a project. An application for a firm com- mitment for insurance must be sub- mitted by both the project sponsor and an approved lender. Applications shall be submitted to the local HUD Office on HUD-approved forms. No applica- tion will be considered unless accom- panied by all exhibits required by the form and program handbooks.

Multifamily Project means an affordable housing project consisting of two or more multifamily household units, in one or more separate buildings or real properties, and which are being rented or leased to eligible tenants as identified in Attachment B – Scope of Work.