Affordable Housing Restrictive Covenant definition

Affordable Housing Restrictive Covenant means generally, the covenant restricting the use and resale of each Affordable Housing Unit which will be recorded against each Affordable Housing Unit upon the respective Initial Sale in accordance with Section 504.2 (E) of this Agreement and means specifically, the restrictive covenant or covenants for the applicable Anaheim’s Homebuyer Downpayment Assistance Program(s).
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Affordable Housing Restrictive Covenant means the Declaration of Restrictive Covenants, to be executed by Borrower and recorded against the Project.
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Affordable Housing Restrictive Covenant has the meaning set forth in Section 11.3. “Affordable Units” has the meaning set forth in Section 11.3.
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Examples of Affordable Housing Restrictive Covenant in a sentence

  • County liens and citations will be released once the home has been built, sold to a Qualified Household, an Affordable Housing Restrictive Covenant has been recorded on the property, and all appropriate documentation has been received.

  • Further, the precise roles and jurisdictions of the different agencies, particularly AAUs and CARs, are confused and sometimes in conflict.

  • The final form of the Affordable Housing Restrictive Covenant shall be subject to review and approval by the Land Use Attorney for the Town of Haddam.

  • The Affordable Housing Restrictive Covenant shall not be subordinated or junior to any Mortgage on the Minimum Improvements, and if any Mortgage exists at the time the Affordable Housing Restrictive Covenant is to be recorded, Developer shall cause the mortgagee under such Mortgage to subordinates the Mortgage and the lien thereof to the Affordable Housing Restrictive Covenant.

  • Contemporaneously with Local Implementation Partner’s acquisition of fee title to the Property, Local Implementation Partner will cause to be recorded a fully executed and acknowledged Affordable Housing Restrictive Covenant, substantially in the form attached hereto as Exhibit E (the “Covenant”).

  • As a condition of approval, the applicant shall be required to execute, in accordance with the laws of conveyance in the State of Connecticut, an "Affordable Housing Restrictive Covenant" which restricts a minimum of twenty-five percent (25%) of the total number of dwelling units in the HOD Development.

  • If the project includes affordable housing, the successful proposer must commit to execute a 40‐year Affordable Housing Restrictive Covenant (example attached to this RFP as Exhibit B).

  • On or before the closing for the Initial Sale of each Affordable Housing Unit, Developer shall record the Affordable Housing Restrictive Covenant against the Housing Parcel on which such unit exists.

  • Compliance Certificate: A certificate issued by the Department stating that the proposed conveyance, sale or transfer of the property to the selected purchaser is in compliance with the rights, restrictions, covenants, and agreements contained in the Affordable Housing Restrictive Covenant running with the land.

  • It consolidates the coach as educator in an environment which is progressive, educationally sustainable and with a strong focus on meaning-making, reflection and reciprocity.Key words: Coach education, conceptual frameworks, Olympism, constructivist pedagogies 1.

Related to Affordable Housing Restrictive Covenant

  • Restrictive Covenant Agreements is defined in the Recitals.

  • Restrictive Covenant Agreement means any agreement, and any attachments or schedules thereto, entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation and/or confidentiality, in order to protect the business of the Partnership and its Affiliates.

  • Restrictive Covenant has the meaning set forth in Section 6(c).

  • Restrictive Covenants means the restrictive covenants contained in Section 13(c) hereof.

  • Restrictive Covenant Violation means the Participant’s breach of the Restrictive Covenants listed on Appendix A or any covenant regarding confidentiality, competitive activity, solicitation of the Company’s vendors, suppliers, customers, or employees, or any similar provision applicable to or agreed to by the Participant.

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the Development in accordance with the application and/or any subsequent reserved matters approval.

  • Affordable Housing Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60 percent of area median income, as median income was most recently determined by the United States Department of Housing and Urban Development for the Minneapolis- St. Paul- Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Restriction Agreement means the agreement setting forth the terms of an Award, and executed by a Grantee as provided in Section 7.1 hereof.

  • restrictive condition means any condition registered against the title deed of land restricting the use, development or subdivision of the land concerned:

  • Affirmative Covenants The following affirmative covenants, among others, if any, to be negotiated in the Senior Facilities Documentation, will apply (to be applicable to the Borrower and its restricted subsidiaries), subject to customary (consistent with the Documentation Precedent) and other baskets, exceptions and qualifications to be agreed upon: maintenance of corporate existence and rights; performance and payment of obligations; delivery of annual and quarterly consolidated financial statements (accompanied by customary management discussion and analysis and (annually) by an audit opinion from nationally recognized auditors that is not subject to any qualification as to scope of such audit or going concern) (other than solely with respect to, or resulting solely from an upcoming maturity date under any series of indebtedness occurring within one year from the time such opinion is delivered) (with extended time periods to be agreed for delivery of the first annual and certain quarterly financial statements to be delivered after the Closing Date) and an annual budget (it being understood that the public REIT reporting that includes the Borrower shall satisfy the Borrower’s reporting obligations so long as it includes a consolidating income statement and balance sheet for the Borrower); delivery of notices of default and material adverse litigation, ERISA events and material adverse change; maintenance of properties in good working order; maintenance of books and records; maintenance of customary insurance; commercially reasonable efforts to maintain ratings (but not a specific rating); compliance with laws; inspection of books and properties; environmental; additional guarantors and additional collateral (subject to limitations set forth under the captions “Guarantees” and “Security”); further assurances in respect of collateral matters; use of proceeds; and payment of taxes.

  • Restrictive Agreements as defined in subsection 3.3(a).

  • Affordable housing program(s means any mechanism in a municipal Fair Share Plan prepared or implemented to address a municipality’s fair share obligation.

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Property Management Agreement means any Property Management Agreement between the Company and the Property Manager.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Substantial and Compelling Reason in the Public Interest means a reason that is justified by an important, specific, and articulated public interest goal that is within ICANN's mission and consistent with a balanced application of ICANN's core values as defined in ICANN's Bylaws.

  • Affordable Housing Cost means an amount satisfied by:

  • Restrictive Agreement an agreement (other than a Loan Document) that conditions or restricts the right of any Borrower, Subsidiary or other Obligor to incur or repay Borrowed Money, to grant Liens on any assets, to declare or make Distributions, to modify, extend or renew any agreement evidencing Borrowed Money, or to repay any intercompany Debt.

  • Affordable housing means housing that is available at a cost low enough to meet the needs of eligible households having regard to local incomes and local house prices and which will remain at an affordable price for future eligible households or, if not, that the subsidy is recycled for alternative affordable housing provision

  • Non-Competition Agreements has the meaning set forth in the Recitals.

  • Noncompetition Agreements as defined in Section 2.8(a)(iv). "Occupational Safety and Health Law"--any law or regulation designed to provide safe and healthy working conditions and to reduce occupational safety and health hazards, and any program, whether governmental or private (including those promulgated or sponsored by industry associations and insurance companies), designed to provide safe and healthful working conditions.

  • Covenant not to compete means an agreement:

  • Employment Agreements shall have the meaning provided in Section 5.05.

  • Least restrictive alternative means the treatment and conditions of treatment which, separately and in combination, are no more intrusive or restrictive of freedom than reasonably necessary to achieve a substantial therapeutic benefit to the minor, or to protect the minor or others from physical injury;