Household Income Requirements. On or before one hundred twenty (120) days following the end of Developer’s fiscal year, commencing the first year after issuance of the first certificate of occupancy for Phase I, and annually thereafter, Developer shall prepare and submit to Authority, at Developer’s expense, a written summary of the income, household size, and rent payable by each of the tenants of the Housing Units and, upon the written request of the Authority, copies of each and all leases or rental agreements and the current rules and regulations for Phase I. At Authority’s request, Developer shall also provide to Authority completed income computation and certification forms, all in a form reasonably acceptable to Authority, for each and all tenants. Developer shall obtain, or shall cause to be obtained by the Property Manager, a certification from each household leasing a Housing Unit demonstrating that such household is a 30% AMI Very Low Income Household, 40% AMI Very Low Income Household, 50% AMI Very Low Income Household, or 60% AMI Low Income Household, as applicable and according to the Area Median Income annually determined and published by TCAC for Orange County, and meets the eligibility and occupancy requirements established for the Housing Unit. Developer shall verify, or shall cause to be verified by the Property Manager, the income and household size certification of the tenant household.
Household Income Requirements. Following the initial lease-up of the Housing Units at Phase B of the Apartment Complex, and annually thereafter, Tenant shall prepare and submit to Landlord, at Tenant’s expense, a written summary of the income, household size and rent payable by each of the subtenants of the Housing Units at Phase B of the Apartment Complex, and upon Landlord’s prior written request, copies of each and all Resident Leases or rental agreements and the current rules and regulations for Phase B of the Apartment Complex. At
Household Income Requirements. The Subrecipient shall determine the annual gross income of each member of the homeowner’s household using CPD Income Eligibility Calculator located on the HUD Exchange webpage (xxxxx://xxx.xxxxxxxxxxx.xxxx/incomecalculator/) or the Income Calculations Guidelines set forth in 24 CFR Part 5. “Annual gross income” is defined in 24 CFR 92.216. In determining the annual gross income, the Subrecipient shall examine source documents, such as, wage statements, interest statement, unemployment compensation statement, Social Security benefits, and disability benefits of adult residents and the other sources of income to the household. The homeowner’s household income must be at or below 80% of the Area Median Income adjusted for family size as set forth in the HOME Program Income Guidelines, Attachment 1 to this Project Description.
Household Income Requirements. Following the initial lease-up of the Housing Units at Phase A of the Apartment Complex, and annually thereafter, Tenant shall prepare and submit to Landlord, at Tenant’s expense, a written summary of the income, household size and rent payable by each of the subtenants of the Housing Units at Phase A of the Apartment Complex, and upon Landlord’s prior written request, copies of each and all Resident Leases or rental agreements and the current rules and regulations for Phase A of the Apartment Complex. At Landlord’s request, Tenant shall also provide to Landlord completed income computation and certification forms, in a form reasonably acceptable to Landlord, for any and all subtenants at Phase A of the Apartment Complex. Tenant shall obtain, or shall cause to be obtained by the Property Manager, a certification from each household leasing a Housing Unit at Phase A of the Apartment Complex demonstrating that such household is a 30% AMI Very Low Income Household, 40% AMI Very Low Income Household, 50% AMI Very Low Income Household or 60% AMI Low Income Household, as applicable and according to the Area Median Income annually determined and published by TCAC for Orange County, and meets the eligibility requirements established for the Housing Unit. Tenant shall verify, or shall cause to be verified by the Property Manager, the income certification of the household. The current form of Landlord’s Income Computation and Certification is attached hereto as Exhibit ―B‖ and incorporated herein.
Household Income Requirements. Following the initial lease-up of the Affordable Units, and annually thereafter, Developer shall submit to Housing Authority, at Developer’s expense, a written summary of the income, household size and rent payable by each of the tenants of the Affordable Units. At Housing Authority’s request, Developer shall also provide to Housing Authority completed income computation and certification forms, in a form reasonably acceptable to Housing Authority, for any such tenant or tenants. Developer shall obtain, or shall cause to be obtained by the Property Manager, a certification from each household leasing an Affordable Unit demonstrating that such household is a Very Low or Lower Income Household and meets the eligibility requirements
Household Income Requirements. Following the initial lease-up of the Apartment Complex Housing Units, and annually thereafter, Developer shall prepare and submit to Authority, at Developer’s expense, a written summary of the income, household size and rent payable by each of the tenants of the Housing Units along with copies of each and all leases or rental agreements, the Project rules and regulations. At Authority’s request, Developer shall also provide to Authority completed income computation and certification forms, all in a form reasonably acceptable to Authority, for each and all tenant or tenants. Developer shall obtain, or shall cause to be obtained by the Project’s Property Manager, a certification from each household leasing an Housing Unit demonstrating that such household is a 30% AMI Very Low Income Household, 40% AMI Very Low Income Household, 50% AMI Very Low Income Household, or 60% AMI Low Income Household,
Household Income Requirements. Following the initial lease-up of the Housing Units, and annually thereafter, the DEVELOPER shall submit to City, at DEVELOPER 's expense, a summary of the income, household size and rent payable by each of the tenants of the Housing Units. At the request of City, the DEVELOPER shall also provide to the City completed income computation and certification forms, in a form reasonably acceptable to the City, for any such tenant or tenants. DEVELOPER shall obtain, or shall cause to be obtained by the Property Manager, a certification from each household leasing an Affordable Unit demonstrating that such household is a Very Low Income Household, as applicable, and meets the eligibility requirements established for the Housing Unit. DEVELOPER shall verify, or shall cause to be verified by the Property Manager, the income certification of the household.
Household Income Requirements. In order to qualify for housing, all tenants will be required to meet or be below 60% AMI to be eligible for housing. While they will not lose their housing if they start making more income, once they move out, the new tenant will be at or below 60% AMI for Fresno. Item (a) above is hereinafter referred to as the Covenant and Restriction.
Household Income Requirements. Following the initial lease-up of the Housing Units at the Apartment Complex, and annually thereafter, Developer shall submit to Authority and Agency, at Developer’s expense, a written summary of the income, household size and rent payable by each of the tenants of the Housing Units. At Authority or Agency’s request, Developer shall also provide to Authority and Agency completed income computation and certification forms, in a form reasonably acceptable to Authority and Agency, for any such tenant or tenants. Developer shall obtain, or shall cause to be obtained by the Project’s Property Manager, a certification from each household leasing an Affordable Unit demonstrating that such household is an Extremely Low Income Household or, after the HAP Contract has terminated or expired, a Very Low Income Household, as applicable, and meets the eligibility requirements established for the Housing Unit. Developer shall verify, or shall cause to be verified by the Property Manager, the income certification of the household.
Household Income Requirements. On or before one hundred twenty (120) days following the end of Developer’s fiscal year, commencing the first year after issuance of the first certificate of occupancy for Phase II, and annually thereafter, Developer shall prepare and submit to Authority, at Developer’s expense, a written summary of the income, household size, and rent payable by each of the tenants of the Housing Units and, upon the written request of the Authority, copies of each and all leases or rental agreements and the current rules and regulations for Phase
