Project Based Section 8 definition

Project Based Section 8 means housing choice vouchers held by the City and/or Landlord pursuant to annual and/or multi-year contribution contract(s) with HUD, which may be used to assist specific housing units as authorized by Section 8(o)(13) of the U.S. Housing Act of 1937, 42 U.S.C. Section 1437f(o)(13), and the implementing regulations set forth at 24 CFR Part 983. Landlord has agreed pursuant to the Phase A Implementation Agreement, to provide Project Based Section 8 assistance to fifty (50) of the Housing Units for each and both Phases of the Project subject to various conditions precedent and other requirements set forth in the Phase A Implementation Agreement. In all events, Landlord’s obligation to provide Project Based Section 8 assistance to the Project is expressly conditioned upon the satisfactory completion of environmental review and the Landlord’s receipt of a release of federal funds from HUD. Accordingly: Notwithstanding any provision of this Ground Lease (or any Implementation Agreements), the parties hereto agree and acknowledge that this Ground Lease does not constitute a commitment of federal funds, and that such commitment of funds or may occur only upon satisfactory completion of environmental review and receipt by Landlord and/or City, as applicable, of a release of funds from the U.S. Department of Housing and Urban Development under 24 CFR Part 58. The parties further agree that the provision of any federal funds to the Project is conditioned on Landlord’s and/or City’s, as applicable, determination to proceed with, modify or cancel the Project Based Section 8 funding based on the results of a subsequent environmental review. The parties hereto are further prohibited from undertaking or committing any federal funds to physical or choice-limiting actions, including property acquisition, demolition, movement, rehabilitation, conversion, repair or construction prior to the environmental clearance; the parties understand that the violation of this provision may result in the denial of any federal funds under this Ground Lease. ―Property‖ shall mean those parcels of real property consisting of approximately acres, located at ▇▇▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ [conform to Phase A address] in the City of Anaheim and designated as Assessor’s Parcel Nos. ▇▇▇-▇▇▇-▇▇, ▇▇▇-▇▇▇-▇▇, and ▇▇▇-▇▇▇-▇▇ [conform to Phase A APN(s)], as more particularly described in the Legal Description.
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Project Based Section 8 means housing choice vouchers held by the City and/or
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Project Based Section 8 means housing choice vouchers held by the City and/or Authority pursuant to annual and/or multi-year contribution contract(s) with HUD, which may be used to assist specific housing units as authorized by Section 8(o)(13) of the U.S. Housing Act of l937, 42 U.S.C. Section 1437f(o)(13), and the implementing regulations set forth at 24 CFR Part 983. Pursuant to Section 310.1(d), Authority has agreed to consider providing Project Based Section 8 assistance for up to thirty-nine (39) of the Housing Units at each of the Projects subject to the Conditions Precedent and the provisions of Section 310.1(d), including without limitation Developer securing an allocation of 9% Tax Credits for each Project and the receipt of no more than $0.78 of equity for one dollar of Tax Credits for the Manchester Project and $0.77 of equity for one dollar of Tax Credits for the Orangewood Project, or as otherwise provided in Section 310. In all events, Authority’s obligation to provide Project Based Section 8 assistance to either of the Projects is expressly conditioned upon the satisfactory completion of environmental review and the Authority’s receipt of a release of federal funds from HUD. Accordingly:
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Examples of Project Based Section 8 in a sentence

  • HUD rental assistance programs include Public Housing, Housing Choice Vouchers, Project Based Section 8, Section 202, and Section 811.

  • It is anticipated that during the Qualified Project Period the Project will maintain Project Based Voucher (“PBV”) Restricted Units, supported by Project- Based Section 8 rental subsidy payments (the "Rental Subsidy").

  • A household or person who was receiving a housing subsidy prior to a disaster from one of HUD’s assistance programs, such as Housing Choice Vouchers, Public Housing, Project Based Section 8, Section 202, or Section 811.

  • For certain developments, including but not limited to those receiving Project Based Section 8 from the cities of Anaheim, Garden Grove or Santa ▇▇▇, or those subject to special zoning ordinances requiring preference for City residents, further documentation from the Borrower will be required demonstrating that residents throughout the County will have equal opportunity at obtaining units in the Project.

  • A household or person who was receiving housing subsidy prior to a disaster from one of HUD’s assistance programs, such as Housing Choice Vouchers, Public Housing, Project Based Section 8, Section 202, or Section 811.

  • In connection with such review Developer acknowledges and agrees it shall be required to represent and certify to Authority and Agency that no government assistance other than the Agency Loan, the MHP Loan and Project Based Section 8 assistance, or the AHP Loan has been obtained or is contemplated to be obtained for the Rehabilitation of the Project.

  • The assistance may include Project Based Section 8 Certificates and Continuum of Care funding, and others.

  • Project Based Section 8 Housing Assistance Payment Contract, if applicable, which shall be executed at Closing, in the form of Attachment F.

  • Oakland Housing Authority Project Based Section 8 20 years $447,720.00 Yes Total $447,720.00 Units in the Development covered by project-based rental assistance, if any, are described above.

  • Developer acknowledges and agrees that, pursuant to the HUD regulations found at 24 C.F.R. § 983.261, a financing structure that includes Project Based Section 8 assistance to more than 25% of the Housing Units at either Project will implicate a requirement to provide an extraordinary level of social services at that Project, and Developer further acknowledges and agrees that the type and extent of such social services shall be subject to the approval of both HUD and the Authority Executive Director.


More Definitions of Project Based Section 8

Project Based Section 8 means housing choice vouchers held by the City and/or Authority pursuant to annual and/or multi-year contribution contract(s) with HUD, which may be used to assist specific housing units as authorized by Section 8(o)(13) of the U.S. Housing Act of l937, 42 U.S.C. Section 1437f(o)(13), and the implementing regulations set forth at 24 CFR Part 983. Authority has agreed to provide Project Based Section 8 assistance to forty-eight (48) of the Housing Units at the Project, subject to the Conditions Precedent set forth in Sections 204 and 205 and the provisions of the HAP Contract. In all events,
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Project Based Section 8 means a program developed by HUD to provide rental subsidies for eligible low-income families. All such assistance is ‘project-based’, i.e., the subsidy is committed by HUD for the assisted units of a particular mortgaged property for a contractually determined period.
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Project Based Section 8 means housing choice vouchers held by the Housing Authority pursuant to an annual or multi-year contribution contract(s) with HUD, which may be used to assist specific housing units as authorized by Section 8(o)(13) of the U.S. Housing Act of 1937, 42 U.S.C. Section 1437f(o)(13), and implementing regulations set forth at 24 CFR Part 983.
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Related to Project Based Section 8

  • designated sector means a sector, sub-sector or industry that has been designated by the Department of Trade and Industry in line with national development and industrial policies for local production, where only locally produced services, works or goods or locally manufactured goods meet the stipulated minimum threshold for local production and content;

  • Permitted Section 5(d) Communication means the Section 5(d) Written Communication(s) and Marketing Materials listed on Schedule C attached hereto. All references in this Agreement to the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus and the Prospectus shall include the documents incorporated or deemed to be incorporated by reference therein. All references in this Agreement to financial statements and schedules and other information which are “contained,” “included” or “stated” in, or “part of” the Registration Statement, the Rule 462(b) Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, the Time of Sale Prospectus or the Prospectus, and all other references of like import, shall be deemed to mean and include all such financial statements and schedules and other information which is or is deemed to be incorporated by reference in the Registration Statement, the Rule 462(b) Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, the Time of Sale Prospectus or the Prospectus, as the case may be. All references in this Agreement to amendments or supplements to the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, the Time of Sale Prospectus or the Prospectus shall be deemed to mean and include the filing of any document under the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (collectively, the “Exchange Act”) that is or is deemed to be incorporated by reference in the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, or the Prospectus, as the case may be. All references in this Agreement to (i) the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus or the Prospectus, any amendments or supplements to any of the foregoing, or any free writing prospectus, shall include any copy thereof filed with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval System (“▇▇▇▇▇”) and (ii) the Prospectus shall be deemed to include any “electronic Prospectus” provided for use in connection with the offering of the Offered Shares as contemplated by Section 3(n) of this Agreement. The Company hereby confirms its agreements with the Underwriters as follows:

  • Case-based Exclusion means the exclusion of a particular Sickness or Disease from the coverage of these Terms and Benefits that may be applied by the Company based on a Pre-existing Condition or factors affecting the insurability of the Insured Person.

  • Nominal tomographic section thickness means the full width at half-maximum of the sensitivity profile taken at the center of the cross-sectional volume over which x-ray transmission data are collected.

  • Tomographic section means the volume of an object whose x-ray attenuation properties are imaged in a tomogram.