Affordability average definition

Affordability average means the average percentage of median income at which restricted units in an affordable housing development are affordable to low- and moderate-income households.
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Affordability average means the average percentage of median income at which restricted units in an
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Affordability average means the average percentage of median income at which restricted units in an affordable housing development are affordable to very-low, low- and moderate-income households per N.J.A.C. 5:80-26.3.
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Examples of Affordability average in a sentence

  • Affordability average and bedroom distribution (N.J.A.C. 5:80-26.3).

  • Affordability average and bedroom distribution ( N.J.A.C. 5:80-26.3).

  • Affordability average and bedroom distribution (N.J.A.C. 5:80-26.3).B.

  • Affordability average and bedroom distribution (N.J.A.C. 5:80- 26.3).

  • Affordable units shall be provided in accordance with N.J.A.C. 5:80-26.3 Affordability average; bedroom distribution.

  • Changes in the procedures have been frequent, often resulting in some differences in outcome, but the essence of the system has remained the same.

  • Affordability average and bedroom distribution (N.J.A.C. 5:80-14.3).

  • Affordable units shall be provided in accordance with N.J.S.A. 5:80-26.3 Affordability average; bedroom distribution.

  • Affordability average and bedr oom distribution (N.J.A.C. 5:80-26.3).

  • Resolution authorizing the Chief Diversity Officer/Civil Rights Commission Executive Director to attend the Institute for Diversity Certification in Fort Myers, Florida from April 24-28, 2018 for an estimated total amount of $6,300.


More Definitions of Affordability average

Affordability average means the average percentage of median income at which new restricted units in an affordable housing development are affordable to very low-, low- and moderate-income households. “Affordable” means, a sales price or rent level that is within the means of a low- or moderate-income household as defined within N.J.A.C. 5:93-7.4, and, in the case of an ownership unit, that the sales price for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.6, as may be amended and supplemented, and, in the case of a rental unit, that the rent for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.12, as may be amended and supplemented.
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Affordability average means an average of the percentage of median income at which restricted units in an affordable development are affordable to low- and moderate-income households. For example, if the rents for the five restricted rental units in an affordable housing development were affordable at 46, 48, 50, 52 and 54 percent of median income, respectively, the average affordability for the those units would be 50 percent of median income.
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Affordability average means the average percentage of median income at which new restricted units in an affordable housing
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Affordability average means the average percentage of median income at which new restricted
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Affordability average means an average of the percentage of median income, by household size for an applicable county, at which price-restricted units in a development are affordable to low and moderate income households, calculated in accordance with the rules and regulations of the agency.
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Affordability average means the average percentage of median income at which restricted units
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Related to Affordability average

  • Affordability means a housing unit that satisfies at least one of the following criteria:

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such date is equal to or greater than 5.00%.

  • Insurance Affordability Program means a program that is one of the following:

  • Weighted Average Spread means, with respect to Floating Rate Obligations (in each case excluding Defaulted Loans), as of any date, the number obtained by:

  • Maximum Weighted Average Life Test means a test that will be satisfied on any day if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 6.0 years.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 5.0%.

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Loan (excluding Defaulted Loans) on an annualized basis, the Spread of such Loans (including commitment, letter of credit and all other fees), by the Outstanding Loan Balance of such Loans as of such date and dividing such sum by the aggregate Outstanding Loan Balance of all such Floating Rate Loans and rounding the result up to the nearest 0.01%; provided that the Spread of any Revolver Loan which is not fully funded shall be the sum of:

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows:

  • Retail margin means an amount, reflecting differences in

  • Weighted Average Life Test means a test that is satisfied at any such time if the Weighted Average Life as calculated on the date of determination is less than or equal to 5.5 years.