HOUSING CONDITIONS. The Project shall at all times remain a 100% rental development of 312 units. No less than 10% of units shall be leased to Eligible Tenants earning up to 65% of AMI (hereinafter, “Low-Income Units”) and no less than 3% of the units shall be leased to Eligible Tenants earning up to 80% AMI (hereinafter, “Affordable Units”) where an “Eligible Tenant” is a family or individual who will live in the Unit as their primary residence.
Appears in 4 contracts
Sources: Development Agreement, Development Agreement, Development Agreement