Examples of Eligible Household in a sentence
Affordable Rental Unit - an Affordable Housing unit required to be rented to an Eligible Household.
Affordable Homeownership Unit - an Affordable Housing unit required to be sold to an Eligible Household.
A Use Restriction may require that an Income Eligible Household must have a lower percentage of area median income than 80%.
For an Affordable Rental Unit, the monthly rent payment, including utilities and parking, shall not exceed 30 percent of the maximum monthly income permissible for an Eligible Household, assuming a family size equal to the number of bedrooms in the unit plus one, unless other affordable program rent limits approved by the DHCD shall apply.
The gross household income of an AHO Eligible Household upon initial occupancy shall be no more than one-hundred percent (100%) of AMI.