Common use of Affordability Criteria Clause in Contracts

Affordability Criteria. The actual Monthly Occupancy Costs paid by the tenant for any one Unit, after the application of Housing Benefits, if any, shall not exceed 30% of the tenant's Household Income or the shelter allowance of their Ontario Works or Ontario Disability Support Program benefits.

Affordability Criteria. The actual Monthly Occupancy Costs paid by the tenant for any one Unittenant, after the application of Housing Benefits, if any: (a) for any one Unit, shall not exceed 30% of the tenant's Household Income or the shelter allowance of their Ontario Works or Ontario Disability Support Program benefits; and, (b) for any one Housing Benefit Unit, shall not exceed the lesser of (a) above and 60% of Average Market Rent (collectively the "Affordability Criteria").