Attainable Housing Sample Clauses

The Attainable Housing clause defines requirements or provisions related to the development, allocation, or maintenance of housing that is affordable and accessible to individuals or families with moderate incomes. Typically, this clause outlines criteria for what qualifies as attainable housing, such as price thresholds, income eligibility, or specific construction standards, and may require a certain percentage of units in a development to meet these criteria. Its core practical function is to ensure that housing projects contribute to broader community goals of affordability and inclusivity, addressing the problem of limited access to suitable housing for middle-income populations.
Attainable Housing. The Project will designate a minimum of ten percent (10%) of the total residential condominium ownership units to be initially sold at or below 100% of the Area Median Income (“AMI”) affordability level (“Attainable Units”) as follows: a. Attainable Units will range in size from studios to three (3) bedroom units and be dispersed through the Project as feasible. Attainable Units must be occupied by the owner(s) as a primary residence and cannot be rented. The Attainable Units will be available beginning in the first phase of construction with a unit-mix dictated by buyers’ preference and construction timing. b. Developer will assign responsibility for the attainable housing program to an HOA for the Project. Developer or its assignee intends to contract with a third party entity to manage and oversee the buyer income qualification of the attainable housing component of the Project.
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Attainable Housing. The parties recognize the importance of providing a wide range of housing options at various price points. The existence of attainable housing to a wide range of households is key to recruiting businesses and economic growth. The businesses that DPIC intends to attract will need a diversity of workers to thrive and grow; and those workers in turn need a range of attainable housing options. DPIC provides attainable housing options with 600 apartments and 250 build-to-rent units which represent nearly 40% of the total residential units within DPIC. Additionally, accessory dwelling units are permitted as part of single family residential and townhouse areas, which provide additional opportunities for attainable housing. These attainable housing options will help recruit and retain businesses within DPIC and support economic development efforts.
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Attainable Housing. In connection with its acquisition of the Property, Developer and Manatee County entered into a Development Agreement dated February 25, 2020, recorded as Instrument No. 202041028491 of the Public Records of Manatee County, Florida (the “County Agreement”). The County Agreement requires that the “Dwelling Units” in the Project be developed, owned, managed and operated as Attainable Housing. A copy of the County Agreement is attached as Exhibit “E”. The Developer agrees that the City shall have the right to enforce the provisions of the County Agreement as to Attainable Housing.
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Attainable Housing. The draft Agreement includes a requirement that within the 226 apartment units in the Mixed Use Building, no less than 23 units (10%) must be "Attainable Units" for tenants (the "A.U. Tenants") who have a household income which is at or below sixty percent (60%) of the Kansas City Area Median Family Income (the "MFI") as determined and adjusted annually by HUD. Sixty percent (60%) of the MFI is referred to in the document the "MFI Threshold." The A.U. Tenants would not be charged base rental rates which are greater than thirty percent (30%) of the MFI Threshold, with the understanding that such base rental rates do not include the A.U. Tenants' share of operating expenses, taxes, and utilities, and other normal and customary residential apartment expenses charged in addition to base rent. ▇▇▇▇▇▇▇▇▇ further agrees that base rent for an A.U. Tenant within the Mixed-Use Building shall not increase by more than the greater of two percent (2%) and the increase in CPI in any twelve-month period. Developer would also be required to agree that the Attainable Units in the Mixed Use Building will be integrated throughout the building and will be proportionately distributed across the unit types (i.e., 10% of the studio units, 10% of the 1-bedroom units, and 10% of the 2- bedroom units). Section 8.9 of the draft Agreement also includes detailed provisions for reporting and enforcement of these attainable housing requirements.
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Attainable Housing. The Project will designate a minimum of ten percent (10%) of the total residential condominium ownership units to be initially sold at or below 100% of the Area Median Income (“AMI”) affordability level (“Attainable Units”) as follows:
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Related to Attainable Housing

  • Contacts 1. Florida Housing’s contract administrator for this Agreement is: Contract Administrator Florida Housing Finance Corporation ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇., ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Phone: ▇▇▇.▇▇▇.▇▇▇▇ E-mail: ▇▇▇▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ 2. The Florida Housing program contact for this Agreement is: ▇▇▇▇▇ ▇. ▇▇▇, Director of Asset Management & Guarantee Program Florida Housing Finance Corporation ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇., ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Phone: ▇▇▇.▇▇▇.▇▇▇▇ E-mail: ▇▇▇▇▇.▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ or the designated successor. 3. The Grantee’s contract administrator for this Agreement is: ▇▇▇▇▇ ▇▇▇▇▇, Manager ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇. ▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Phone: (▇▇▇) ▇▇▇-▇▇▇▇ E-mail: ▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇ or the designated successor. 4. All written approvals referenced in this Agreement shall be obtained from the parties’ contract administrator or their respective designees. 5. All notices shall be given to the parties’ contract administrator.

  • Objectives The Parties conclude this Agreement, among others, for purposes of: (a) Encouraging expansion and diversification of trade between the Parties; (b) Eliminating the barriers to trade in, and facilitate the cross-border movement of goods and services between the Parties; (c) Promoting fair competition in the Parties' markets; (d) Creating new employment opportunities; (e) Creating framework for furthering bilateral, regional and multilateral cooperation to expand and enhance the benefits of this Agreement; and (f) Providing forum and approach for resolution of disputes amiably.