Income Determination. For the purposes of this section, the income of individuals and families and the area median gross income shall be determined in a manner consistent with determinations of lower income families and the Median Income for the Area under Section 8 of the United States Housing Act of 1937, as amended (or, if such program is terminated, in a manner consistent with such determinations under such program as is in effect immediately before such termination). Determinations under the preceding sentence shall include adjustments for household size.
Income Determination. (i) In determining the income of a household for purposes of determining such household’s eligibility for assistance from a payment made under this section (including for purposes of subsection (c)(4)), the eligible grantee involved shall consider either (I) the household’s total income for calendar year 2020, or
Income Determination. In determining income, the undersigned should add to his or her adjusted gross income any amounts attributable to tax exempt income received, losses claimed as a limited partner in any limited partnership, deductions claimed, depletion, contributions to an XXX or Xxxxx retirement plan, alimony payments and any amount by which income from long-term capital gains has been reduced in arriving at adjusted gross income.
Income Determination a. The determination of whether the Annual Income of a family or individual occupying or seeking to occupy a Qualifying Unit complies with the requirements for Extremely Low Income Families or Very Low Income Families or Low Income Families shall be made by Development Owner prior to admission of such family or individual to occupancy in a Qualifying Unit (or to designation of a Unit occupied by such family or individual as a Qualifying Unit). Thereafter, such determinations shall be made by Development Owner at least annually.
b. If the Annual Income of a tenant which previously was classified as Very Low Income or Extremely Low Income Families shall be determined upon reexamination to exceed the applicable income limit for Very Low Income Families, but does not exceed 80% of Area Median Income (the applicable income limit for Low Income Families), the Unit shall continue to be counted as occupied by a Qualified Tenant during such family's or individual's continuing occupancy of such Unit, and the Development Owner shall not be considered out of compliance with the occupancy requirements of Section 6.1 of this Contract, provided Development Owner shall hold the next available Unit available for occupancy by Very Low Income Families or as otherwise may be necessary to comply with the occupancy requirements of Section 6.1 of this Contract.
c. If the Annual Income of a tenant which previously was classified as Extremely Low Income Families, Very Low Income Families or Low Income Families shall be determined upon reexamination to exceed 80% of Area Median Income (the applicable income limit for Low Income Families), the Unit occupied by such family or individual shall continue to be counted as occupied by a Qualified Tenant during such family's or individual's continuing occupancy of such Unit and the Development Owner shall not be considered out of compliance with the occupancy requirements of Section 6.1 of this Contract, provided (A) such family or individual pays as rent thirty percent (30%) of such family's or individual's Monthly Adjusted Income, as recertified, except that tenants of Qualifying Units that have been allocated low-income housing tax credits by a housing credit agency pursuant to Section 42 of the Internal Revenue Code of 1986 (26 U.S.C. §42) (“Section 42”) must pay rent governed by Section 42; and (B) Development Owner shall hold the next available Unit available for occupancy by Extremely Low Income Families, Low Income Families or Very...
Income Determination. Income Level This Quarter Cumulative Below 30% (Extremely Low) 0 31% to 50% (Very Low) 0 51% to 80% (Low Income) 0 Over 80% (Non-low Moderate) 0 Total No. of Participants Assisted 0 0 Complete the table below indicating the total number of participants assisted This Quarter and Cumulative. Number of Participants Directly Assisted This report has been created using the project’s HMIS data: (Select Yes or No) If HMIS data has not been used, indicate the data source:
Income Determination. Annual income as defined at 24 CFR Part 5.6 (except when determining the income of a homeowner for an owner- occupied rehabilitation project, the value of the homeowner's principal residence may be excluded from the calculation of Net Family Assets, as defined in 24 CFR Part 5.6); or§ 5.609 Annual income.
Income Determination. Complete the table below indicating the total number of participants assisted for the QUARTER and CUMULATIVE TO DATE. For each year in which ANY grant funds were expended, direct benefit data will be required for the entire year. Number of Participants Directly Assisted For the Quarter Cumulative to Date Below 30% (Extremely Low) 0 31% to 50% (Very Low) 0 51% to 80% (Low Income) 0 Over 80% (Non‐low Moderate) 0 Total No. of Participants Assisted 0 0
1. You must correct before moving forward.
Income Determination. Income information must be collected from all participants. Total persons must match cumulative total unduplicated participants served. Number of Participants Directly Assisted This report has been created using the project’s HMIS data: (Enter Yes or No)
Income Determination. Owner must determine household income eligibility by determining the household’s annual income annually in compliance with 24 CFR 92.203 and 92.252(h). Owner must determine annual income through third-party verification prior to initial occupancy and every sixth year of the HOME period of affordability. Owner must verify annual household income as outlined in the Technical Guide for Determining Income and Allowances for the HOME Program which is attached to the County’s Rental Compliance Manual. The Owner must recertify household income annually utilizing the methods outlined in the HOME rule.
Income Determination. Tenant income shall be determined according to 24 CFR Part 92.203(a) using the definition of annual income at 24 CFR Part 5.609 (“Part 5 method”).
