Common use of Depth of Affordability Clause in Contracts

Depth of Affordability. Rents at Occupancy (IAH Funded Units) Unit Type Unit Size Number of Units (A) Actual Rent to be charged per month (B) CMHC Average Market Rent (AMR – 20XX) or Alternate AMR (C) Actual Project Rents (D)=(A)X(B) Project Rents as per CMHC AMR or Alternate (E)=(A)X(C) Client Type* TOTAL

Depth of Affordability. Rents at Occupancy (IAH Funded Units) Unit Type Unit Size Number of Units (A) Total Actual Rent to be charged per month (B) CMHC Average Market Rent (AMR – 20XX2020) or Alternate AMR (C) Actual Project Rents (D)=(A)X(B) Project Rents as per CMHC AMR or Alternate (E)=(A)X(C) Client Type* TOTAL)