Income Limits. Section 16(b)(2) of the 1937 Act provides that not more than 25 percent of the dwelling units in any project will be available for occupancy by low-income families other than very low-income families. HUD does not have the authority to waive this statutory provision, but has not issued implementing regulations.
Appears in 3 contracts
Samples: Hope Vi Revitalization Grant Agreement, Revitalization Grant Agreement, Revitalization Grant Agreement
Income Limits. Section 16(b)(2) of the 1937 Act provides that not more than 25 percent 25% of the dwelling units in any project will be available for occupancy by low-income families other than very low-income families. HUD does not have the authority to waive this statutory provision, but has not issued implementing regulations.
Appears in 2 contracts
Samples: Revitalization Grant Agreement, Implementation Grant Agreement
