Viability Review definition

Viability Review means a review to be provided by the Owner and Developer assessing the ability of the Development to viably deliver some or all of the Deferred Affordable Housing or a requirement for a Revised Affordable Housing Scheme based upon a review of relevant income assumptions undertaken
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Viability Review means a review to be provided by the Owner and Developer assessing the ability of the Development to viably deliver some or all of the Deferred Affordable Housing or a requirement for a Revised Affordable Housing Scheme based upon a review of relevant income assumptions undertaken where such review will take place using an ‘open book’ economic viability assessment and it will use the Council’s residual value based appraisal model to the extent this is still applicable at the time
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Viability Review means any review of a Viability Assessment by the Borough Council's Assessor in accordance with Part 2 of Schedule 2 to this Deed with the purpose of dete rmining the viability of the Relevant Balance of the Development (as applicable to the respective Viability Assessment) in order to calculate whether any Surplus exists and is to be applied to Defen-ed Affordable Housing Units and/or Deferred Contributions and/or recovery ofHIF Funding and the amount of such provision or payment;
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Examples of Viability Review in a sentence

  • The Owners covenant with the Council to construct the Approved Additional Affordable Housing Provision (if any) for each of Viability Review Phase Five, Viability Review Phase Six, Viability Review Phase Seven, Viability Review Phase Eight, Viability Review Phase Nine and Viability Review Phase Ten prior to the date on which 95% of the Dwellings in each such Viability Review Phase are Occupied.

  • For the avoidance of doubt such residual Surplus shall be a positive sum of money and shall not be equal to or more than 100% of the cost to the developer/s of the relevant Viability Review Phase of providing one Affordable Housing Unit of whatever type tenure or size within that Viability Review Phase.

  • Such proportions shall be expressed as a percentage (in column 2 of Table 3) of the total quantum of the Affordable Housing Units in that Viability Review Phase comprising the Additional Affordable Housing Provision (if any).

  • The Owners covenant with the Council to construct 10% of the Dwellings within each of Viability Phase Two, Viability Phase Three, Viability Phase Four, Viability Review Phase Five, Viability Review Phase Six, Viability Review Phase Seven, Viability Review Phase Eight, Viability Review Phase Nine and Viability Review Phase Ten as Affordable Housing Units prior to the date on which 95% of the Dwellings in each such Viability Phase or Viability Review Phase are Occupied.

  • Means a Viability Review Submission submitted greater than 12 months in advance of each of the progress stages specified at Schedule 23 paragraph 2.1.1 to 2.1.6. and for the avoidance of doubt any Viability Review Submission which is not followed by the submission of the relevant Reserved Matters Application within 12 months shall be resubmitted such that it is not submitted more than 12 months in advance of the submission of the relevant RMA.

  • Despite this, the proposed amended legal agreement would secure 32 affordable housing units on site; 22 for affordable rent and 10 shared ownership, together with a mechanism for a Late Stage Viability Review.

  • The obligation at paragraphs 1.1 to 1.3 to provide the Chilmington Hamlet facilities, including the obligation to submit the Design Brief, are acknowledged potentially to serve a useful purpose but the requirement to do so by the 1400th Dwelling will adversely affect the Paying Owner’s cashflow and compromise the viability of this Phase 1 – Viability Review 1.

  • The Council covenants with the Owners that within 30 Working Days of receiving an Affordable Housing Information Request from the Owners’ Agent the Council shall serve on the Owners' Agent an Affordable Housing Information Reply including a fully populated Table 3 showing the Additional Affordable Housing Provision: Mix Proportions and what shall comprise the Minimum Affordable Housing Provision for the relevant Viability Review Phase.

  • The inclusion of a Late Stage Viability Review Mechanism in regard to Affordable Housing Provision (60% of any surplus to go to the Council).


More Definitions of Viability Review

Viability Review means the upwards only review of the financial viability of the Development using Formula 1a to determine whether an Affordable Housing Contribution is payable;
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Viability Review means the upwards only review of the financial viability of the Development using Formula 1a to determine whether an Affordable Housing Contribution is payable; “Wheelchair Units” means the 12 Student Accommodation Units (accessible studio units) designed for wheelchair users or Students with accessibility needs and which are to be constructed to the Base Specification with 1 (one) to be fully fitted (at no cost to the occupier) prior to Occupation of the Development and the remainder to be fully fitted (at no cost to the occupier) in the event of there being demand for the use of such units by those in need of wheelchair/accessible accommodation and which are shown coloured maroon and orange on the drawing attached at Annexure 1 hereto and labelled ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇ Plan, 5th Floor Plan, 6th Floor Plan, 7th Floor Plan, 8th Floor Plan, 9th Floor Plan, 10th Floor Plan, 11th Floor Plan, 12th Floor Plan, and 13th Floor Plan; "Working Days" means any Monday, Tuesday, Wednesday, Thursday and Friday except bank or public holidays. In this Undertaking (except where the context otherwise requires):
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Viability Review. – means a financial appraisal to be undertaken by the Owner and submitted to the Council pursuant to paragraph 7 assessing the viability of the Development to deliver Affordable Housing up to 35% Affordable Housing by habitable rooms in accordance with the tenure split prescribed in the New Southwark Plan Proposed Submission Version dated December 2017, (reflecting the agreed methodology in the FVA)1”
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Viability Review means a review to be provided by the Owner and Developer
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Viability Review means a review conducted by TfNSW to determine the number of passengers using a Dedicated School Service over a two year period, commencing from the date notified by TfNSW to the Operator (whether such notification has been given under the Previous Service Contract or is given under this Contract).
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Related to Viability Review

  • Utilization review plan or "plan" means a written procedure for performing review.

  • Evaluation Criteria means a benchmark, standard or yardstick against which accomplishment, conformance, performance and suitability of an individual, alternative, activity, product or plan is measured to select the best supplier through a competitive process. Criteria may be qualitative or quantitative in nature.

  • Review Criteria has the meaning assigned to that term in Section 12.02(b)(i).

  • Utilization review means the prospective (prior to), concurrent (during) or retrospective (after) review of any service to determine whether such service was properly authorized, constitutes a medically necessary service for purposes of benefit payment, and is a covered healthcare service under this plan. WE, US, and OUR means Blue Cross & Blue Shield of Rhode Island. WE, US, or OUR will have the same meaning whether italicized or not. YOU and YOUR means the subscriber or member enrolled for coverage under this agreement. YOU and YOUR will have the same meaning whether italicized or not.

  • Clinical review criteria means the written screening procedures, decision abstracts, clinical protocols, and practice guidelines used by a health carrier to determine the necessity and appropriateness of health care services.