Common use of Depth of Affordability Clause in Contracts

Depth of Affordability. Rents during year of reporting (IAH Funded Units) – 70% CMHC AMR Unit Type Unit Size Number of Units (A) Actual rent to be Charged per Month (B) CMHC Average Market Rent (C) Actual Project Rents (D)= (A)x(B) Project Rents as per CMHC AMR (E)=(A)x(C) 7. For Column (B), actual rent is the net to occupants after all subsidies 8. For Column (C), Alternate e.g. modified Ontario Works Shelter Allowance, ODSP (in the event CMHC AMR does not apply)

Depth of Affordability. Rents during year of reporting (IAH Funded Units) – 70% CMHC AMR Unit Type Unit Size Number of Units (A) Actual rent to be Charged per Month (B) CMHC Average Market Rent (C) Actual Project Rents (D)= (A)x(B) Project Rents as per CMHC AMR (E)=(A)x(C) 7. For Column (B), actual rent is the net to occupants after all subsidies subsidies 8. For Column (C), Alternate e.g. modified Ontario Works Shelter Allowance, ODSP (in the event CMHC AMR does not apply)