Certification of Income. Tenant shall obtain from each prospective Affordable Housing Tenant of an AHU a certification of income using a form to be reasonably acceptable to both parties. Annually thereafter, Tenant shall make a determination on the basis of current income of whether the income of any Affordable Housing Tenant exceeds the applicable income limit and shall obtain a recertification of income from all tenants of AHUs on forms approved by Landlord. Upon request of Landlord, copies of all certifications and recertifications shall be furnished to Landlord. Tenant shall maintain in its records the certifications and recertifications for five (5) years or for such longer periods as may be required by the LIHTC Program.
Certification of Income. Prior to entering into a lease agreement, the individual or household must have their income certified. Certification of income involves providing documentation or proof of income to verify eligibility.
Certification of Income. On forms provided by the City, Homestead shall obtain from each family applying for the unit in the Project, prior to admission into the Project, a certification of income (the "Certification"), and at such intervals thereafter as required by the City, but not less than annually during the Affordability Period, a recertification of such income (the "Recertification") from each such Family. Homestead shall submit such Certifications and Recertifications and such other certifications as the City may require to the City in the manner prescribed by the City.
Certification of Income. Housing Provider understands that the Grantee will provide IHDA with any information required by IHDA in connection with confirming that the Grantee’s income does not exceed the applicable income allowed under the CBRAP.
Certification of Income. Prospective residents will be required to fill out an application form containing detailed instructions for calculating their family income and allowing the Community Manager to verify the information. Income definitions prepared by the U.S. Department of Housing and Urban Development will serve as the principal guideline for such calculation. Applicants will be required to sign a verification of their review and understanding of the income maximum, the penalties for false information, and the applicable procedures in the event that their income increases at some future time above the allowable maximum. Applicants will also be required to provide appropriate documentation to verify such approval requirements including, but not limited to, their income, credit history, previous rental history and employment verification. Income verification also requires submission of most recent tax returns. This Lease Agreement and Rider shall terminate and the Resident may be evicted for failure to qualify, if the resident has falsely certified family income or family composition. Such false certification constitutes material noncompliance under the Lease Agreement and Rider. Incomes of resident(s) in each affordable apartment will be re-verified annually at the time of the lease renewal.
