Affordable Housing Units. No bedroom or unit in the Property is leased or reserved for lease as an affordable housing unit or for low- or moderate-income residents. The Property is not required to lease or reserve any unit or bedroom as an affordable housing unit or bedroom or for low-income or moderate-income residents pursuant to a presently existing agreement or Applicable Law.
Affordable Housing Units. To Seller’s knowledge, the Property is not subject to any restriction or covenant requiring that any units in the Facility be leased or reserved for lease as an affordable housing unit or for low or moderate income residents.
Affordable Housing Units. Except as described on Schedule 4.25, no bedroom or unit in the Property is leased or reserved for lease as an affordable housing unit or for low- or moderate-income residents. Except as described on Schedule 4.25, the Property is not required to lease or reserve any unit or bedroom as an affordable housing unit or bedroom or for low-income or moderate-income residents pursuant to a presently existing agreement or Applicable Law.
Affordable Housing Units. Exhibit H is a true and complete list of each unit within the Facilities (specifying the number of bedrooms in each unit) which is leased or reserved for lease as an affordable housing unit, or for low or moderate income residents. Exhibit H truly and correctly lists the number of units (and the number of bedrooms in each such unit) at the Facilities which may be required to be leased as an affordable housing unit, or for low or moderate income residents, pursuant to a presently existing agreement or requirement of law.
Affordable Housing Units. 3.1 The Owner covenants and agrees that twenty-eight (28) residential housing units within the Development will be developed and will thereafter be held and occupied throughout the Term as Affordable Housing Units under the terms of this Agreement.
Affordable Housing Units. Pursuant to MPS AH 1.8, MPS AH1.9, and MPS AH2.2, the on-Site Affordable Housing Units in Phase 1 shall:
Affordable Housing Units. A “Affordable Housing Unit” is each residential dwelling unit in the Project that is designated as being subject to the Affordability Requirement, which will be all residential dwelling units in the Project except Community Housing Units and Employee Housing Units. Tenant agrees to market, lease and operate the Affordable Housing Units on the terms set forth in this Lease.
Affordable Housing Units. Buyer understands, acknowledges and agrees that, pursuant to the Affordable Housing Agreement and as set forth in the Declaration, the first dwelling unit developed on the Lot can be market priced (i.e., it need not be an "Affordable Housing Unit", as that term is defined in the Affordable Housing Agreement). With respect to any dwelling units developed on the Lot after that first dwelling unit, a minimum of 51% of the dwelling units for sale or rent on the Lot must be "Affordable Housing Units" according to the following schedule:
Affordable Housing Units. 8. The Developer agrees to maintain for a period of twenty (20) years, adjusted by the Consumer Price Index based upon initial occupancy at the first day of building occupancy, no fewer than six (6) affordable rental housing units. The affordable housing units are to be 2 (two) bedroom units constructed with similar finishes for flooring, trim, bathrooms, paint and kitchen cabinets as the market rate housing units, with a Base Monthly Rental Rate at or below 30% of the Median Total Income of Lone-Parent economic families in the published 2015 Statistic Canada data, being $53,376, in Rothesay. Alternatively, if the two existing single-family homes are to be affordable, the rent will be established at 10% below market rent established by a qualified appraiser.
Affordable Housing Units. Buyer shall develop INSERT # (*) *single family residential dwellings/residential townhouse units/multifamiliy apartment units/duplex units* all of, or # of which shall be Affordable Housing Units serving families earning at or below eighty percent (80%) of the Charlotte, NC metropolitan Area Median Income (“AMI”) as determined annually by U.S. Department of Housing and Urban Development’s (“HUD’s”), median income guidelines, and as adjusted for family size.
