Eligibility for continued occupancy Sample Clauses

Eligibility for continued occupancy a. The Homebuyer shall cease to be eligible for continued occupancy with the aid of HUD annual contributions when the Authority de- termines the Homebuyer’s adjusted monthly income has reached, and is likely to continue at, a level at which the Homebuyer’s total payment equals or exceeds the monthly housing cost (see paragraph b of this sec- tion). In such an event, if the Authority de- termines, with HUD approval, that suitable financing is available, the Authority shall notify the Homebuyer that he or she must either: (1) Purchase the Home; or (2) move from the Development. If, however, the Au- thority determines that, because of special circumstances, the family is unable to find decent, safe and sanitary housing within the family’s financial reach although making every reasonable effort to do so, the family may be permitted to remain for the duration of such a situation if it pays as rent a monthly payment consistent with its ad- justed monthly income, in accordance with applicable HUD regulations prescribing rent- al payments for families in housing assisted under the United States Housing Act of 1937. Such a monthly payment shall also be pay- able by the family if it continues in occu- pancy without purchasing the home because suitable financing is not available.
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Eligibility for continued occupancy. (1) A homebuyer shall cease to be eligi- ble for continued occupancy with the aid of HUD annual contributions when the LHA determines that the home- buyer’s adjusted monthly income has reached, and is likely to continue at, a level at which the current amount of the homebuyer’s Total Tenant Pay- ment, determined in accordance with part 913 of this chapter, equals or ex- ceeds the monthly housing cost (see paragraph (h)(2) of this section). In such event, if the LHA determines, with HUD approval, that suitable fi- nancing is available, the LHA shall no- tify the homebuyer that he or she must either: (1) Purchase the home or (ii) move from the development. If, how- ever, the LHA determines that, because of special circumstances, the family is unable to find decent, safe, and sani- tary housing within the family’s xxxxx- cial reach although making every rea- sonable effort to do so, the family may Asst. Secry., for Public and Indian Housing, HUD § 904.107 be permitted to remain for the dura- tion of such a situation if it pays as rent an amount equal to Tenant Rent, as determined in accordance with part 913 of this chapter. Such a monthly payment shall also be payable by the family if it continues in occupancy without purchasing the home because suitable financing is not available.
Sample 1
Eligibility for continued occupancy. The income, allowances and family composition of each household shall be reexamined within 12 months of the family’s move-in date and no less than once each year thereafter. Recertifications determine the tenant’s monthly rent, eligibility for continued occupancy and the required Unit size. The Authority follows all pertinent HUD regulations in its completion of reexaminations. Only those Tenants who are in full compliance with the terms and conditions of the Lease will be considered eligible for continued occupancy:
Sample 1

Related to Eligibility for continued occupancy

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