Current Local Employee Standard. The Ownership Applicant: (a) has maintained his or her Primary Residence within the Four County Region for at least eight of the twelve months immediately preceding the date that the Administrator receives the Ownership Applicant’s Purchase Application; (b) has earned Qualifying Income for at least 1032 hours of the twelve months immediately preceding the date that the Administrator receives his or her Purchase Application, and is currently earning Qualifying Income; and (c) for the particular eight to twelve months that establish the Ownership Applicant’s residency under Section 2.1.1(a) above, the Ownership Applicant’s Household Non- Qualifying Income calculated during that period does not exceed the Ownership Applicant’s Household Qualifying Income.
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Samples: Deed Restriction and Covenant, Deed Restriction and Covenant, Deed Restriction and Covenant
