During HOPWA Term. Subject to the provisions of Section 2.4(a) below, the total monthly Rent paid by a Tenant of a HOPWA-Assisted Unit during the HOPWA Term may not exceed the amount that is equal to the greater of: (A) thirty percent (30%) of the household's monthly Adjusted Income, as adjusted pursuant to 24 C.F.R. 574.310(d)(1); (B) ten percent (10%) of the household's monthly gross income; and (C) if the household is receiving payments for welfare assistance from a public agency and a part of the payments, adjusted in accordance with the household's actual housing costs, is specifically designated by the agency to meet the household's housing costs, the portion of the payments that is so designated.
Appears in 2 contracts
Samples: Home/Hopwa Regulatory Agreement, Home/Hopwa Regulatory Agreement
During HOPWA Term. Subject to the provisions of Section 2.4(a2.4(a)(1) below, the total monthly Rent paid by a Tenant of a HOPWA-Assisted Unit during the HOPWA Term may not exceed the amount that is equal to the greater of:
(A) thirty percent (30%) of the household's monthly Adjusted Income, as adjusted pursuant to 24 C.F.R. 574.310(d)(1);
(B) ten percent (10%) of the household's monthly gross income; and
(C) if the household is receiving payments for welfare assistance from a public agency and a part of the payments, adjusted in accordance with the household's actual housing costs, is specifically designated by the agency to meet the household's housing costs, the portion of the payments that is so designated.
Appears in 2 contracts
Samples: Home/Hopwa Regulatory Agreement, Home/Hopwa Regulatory Agreement
During HOPWA Term. Subject to the provisions of Section 2.4(a2.4 below and notwithstanding subsection 2.2(b) below, the total monthly Rent paid by a Tenant of a HOPWA-Assisted HOPWA Unit during the HOPWA Term may not exceed the amount that is equal to the greater of:
(A) thirty percent (30%) of the household's monthly Adjusted Income, as adjusted pursuant to 24 C.F.R. 574.310(d)(1);
(B) ten percent (10%) of the household's monthly gross income; and
(C) if the household is receiving payments for welfare assistance from a public agency and a part of the payments, adjusted in accordance with the household's actual housing costs, is specifically designated by the agency to meet the household's housing costs, the portion of the payments that is so designated.
Appears in 1 contract
Samples: Regulatory Agreement and Declaration of Restrictive Covenants
During HOPWA Term. Subject to the provisions of Section 2.4(a2.4 (a)(1) below, the total monthly Rent paid by a Tenant of a HOPWA-Assisted Unit during the HOPWA Term may not exceed the amount that is equal to the greater of:
(Ai) thirty percent (30%) of the household's monthly Adjusted Income, as adjusted pursuant to 24 C.F.R. 574.310(d)(1);
(Bii) ten percent (10%) of the household's monthly gross income; and
(Ciii) if the household is receiving payments for welfare assistance from a public agency and a part of the payments, adjusted in accordance with the household's actual housing costs, is specifically designated by the agency to meet the household's housing costs, the portion of the payments that is so designated.
Appears in 1 contract
Samples: Home/Hopwa Regulatory Agreement