Common use of Determination of Income Eligibility Clause in Contracts

Determination of Income Eligibility. Total Annual Household Enter the number from item (L). Income from all sources Current Income Limit per Enter the Current Move-in Income Limit for the household size. Family Size Household income at move-in For recertifications only. Enter the household income from the Household size at move-in move-in certification. On the adjacent line, enter the number of household members from the move-in certification. Household Meets Income Check the appropriate box for the income restriction that the Restriction household meets according to what is required by the set-aside(s) for the project. Current Income Limit x 140% For recertification only. Multiply the Current Maximum Move- in Income Limit by 140% and enter the total. Below, indicate whether the household income exceeds that total. If the Gross Annual Income at recertification is greater than 140% of the current income limit, then the available unit rule must be followed.

Appears in 7 contracts

Samples: Special Source Credit Agreement, Special Source Credit Agreement, Special Source Credit Agreement

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Determination of Income Eligibility. Total Annual Household Enter the number from item (L). Income from all sources Current Income Limit per Enter the Current Move-in Income Limit for the household size. Family Size Household income at move-in For recertifications only. Enter the household income from the Household size at move-in move-in certification. On the adjacent line, enter the number of household members from the move-in certification. Household Meets Income Check the appropriate box for the income restriction that the Restriction household meets according to what is required by the set-aside(s) for the project. Current Income Limit x 140% For recertification only. Multiply the Current Maximum Move- Move-in Income Limit by 140% and enter the total. Below, indicate whether the household income exceeds that total. If the Gross Annual Income at recertification is greater than 140% of the current income limit, then the available unit rule must be followed.

Appears in 4 contracts

Samples: Special Source Credit Agreement, Special Source Credit Agreement, Development Assistance Agreement

Determination of Income Eligibility. Total Annual Household Income from all Sources Enter the number from item (L). Income from all sources Current Income Limit per Family Size Enter the Current Move-in Income Limit for the household size. Family Size Household income at move-in Household size at move-in Household Meets Income Restriction For recertifications only. Enter the household income from the Household size at move-in move-in certification. On the adjacent line, enter the number of household members from the move-in certification. Household Meets Income Check the appropriate box for the income restriction that the Restriction household meets according to what is required by the set-aside(s) for the project. Current Income Limit x 140% For recertification recertifications only. Multiply the Current Maximum Move- Move-in Income Limit by 140% and enter the total. Below, indicate whether the household income exceeds that total. If the Gross Annual Income at recertification is greater than 140% of the current income limit, then the available unit rule must be followed.

Appears in 1 contract

Samples: Land Use Restriction Agreement for Low Income Housing Tax Credits

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Determination of Income Eligibility. Total Annual Household Income from all Sources Current Income Limit per Family Size Household income at move-in Household size at move-in Household Meets Income Restriction Enter the number from item (L). Income from all sources Current Income Limit per Enter the Current Move-in Income Limit for the household size. Family Size Household income at move-in For recertifications only. Enter the household income from the Household size at move-in move-in certification. On the adjacent line, enter the number of household members from the move-in certification. Household Meets Income Check the appropriate box for the income restriction that the Restriction household meets according to what is required by the set-aside(s) for the project. Current Income Limit x 140% For recertification recertifications only. Multiply the Current Maximum Move- Move-in Income Limit by 140% and enter the total. Below, indicate whether the household income exceeds that total. If the Gross Annual Income at recertification is greater than 140% of the current income limit, then the available unit rule must be followed.

Appears in 1 contract

Samples: Land Use Restriction Agreement for Low Income Housing Tax Credits

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