Income Requirements. The Partnership’s business shall be conducted in such a manner that at least ninety-five percent (95%) of the gross income of the Partnership for each taxable year during its term of existence will consist of the following items, in each case as determined for purposes of Code Section 856(c)(2): (a) rents that qualify as rents from real property under Code Section 856(d), (b) gain from the sale or other disposition of stock, securities, and real property (including interests in real property and interests in mortgages on real property) which is not property described in Code Section 1221(a)(1), (c) interest, other than interest the determination of which depends in whole or in part on the income or profits of any person, (d) dividends, (e) abatements and refunds of taxes on real property, (f) income and gain derived from foreclosure property as defined in Code Section 856(e) and (g) gain from the sale or other disposition of a real estate asset which is not a prohibited transaction solely by reason of Code Section 857(b)(6). In addition, at least seventy-five percent (75%) of the gross income of the Partnership for each taxable year during its term of existence will consist of the following items, in each case as determined for purposes of Code Section 856(c)(3): (i) the items described in clauses (a), (e), (f) and (g) (ii) gain from the sale or other disposition of real property (including interests in real property and interests in mortgages on real property) which is not property described in Code Section 1221(a)(1), and (iii) interest on obligations secured by mortgages on real property or on interests in real property other than interest the determination of which depends in whole or in part on the income or profits of any person.
Income Requirements. Applicant(s) must make a minimum of three times (3x) the monthly rent in combined gross monthly income verifiable from an unbiased source.
Income Requirements. All UTTC students who utilize a low income Housing Tax credit must, at all times during the term of this lease, meet the income requirements of 42 U.S.C. § 1437 and its associated regulations.
Income Requirements. Occupant understands that his/her household must earn an annual amount of at least $3,000 from agricultural work in order to be eligible to reside in Oroville Harvest Shelter. Xxxxxxxx understands that his/her household income may not exceed 50% of the area median income limits for his/her family size for Okanogan County. Occupant must notify OHA regarding any changes in income. Household Size 1-person 2-persons 3-persons 4-person 5-person Max. Annual Income $22,750 $26,000 $29,250 $32,500 $35,100 Occupant certifies that the income information he/she has provided to Management is true and correct and that false information may result in the initiation of legal action by Washington State Department of Commerce and/or eviction from the housing. Occupant agrees to certification of income. Occupant understands that if he/she makes false statements which result in Occupant receiving benefits to which he/she is not entitled, Occupant will be required to reimburse Washington State Department of Commerce for those benefits by paying unearned benefits to the Oroville Housing Authority. Such submission of false information could result in the initiation of legal action by Washington State Department of Commerce.
Income Requirements. Common Member shall conduct its duties in such a manner that all of the gross income of the Company during its term of existence shall consist of (i) interest (as referred to in Section 856(c)(2)(B) or Section 856(c)(3)(B) of the Code), (ii) rents from real property (as defined in Section 856(d) of the Code), (iii) gain from the sale or LIMITED LIABILITY COMPANY AGREEMENT – Schedule disposition of the Project, (iv) abatements and refunds of taxes on real property (as referred to in Section 856(c)(2)(E) or Section 856(c)(3)(E) of the Code), (v) income and gain derived from foreclosure property (as defined in Section 856(e) of the Code) and (vi) other income not described in clauses (i) through (v) provided that such other income shall not exceed 5% of the total gross income of the Project for each Fiscal Year.
Income Requirements. The Developer agrees that not less than three (3) units in the housing portion of the Project shall be rented to individuals and families whose income does not exceed 80% of the Area Median Income for Chisago County, as defined by the U.S. Department of Housing and Urban Development. The Developer shall on or before December 31 of each year until the Termination Date provide the City a certification evidencing compliance with the foregoing requirement with respect to the Project.
Income Requirements. Please indicate whether you wish the income from your portfolio to be: Reinvested Paid out monthly Paid out quarterly Balance of revenue account Paid out six-monthly Fixed amount £ If fixed amount, what is the net annual amount required? (Please ensure that this level of income can be generated by the agreed investment strategy – see the Investment Proposal for details.) Account into which payments should be made: Bank or B/Society Address Postcode Sort code – –
Income Requirements. In order to assure compliance with the rent and occupancy restrictions set forth in the City Regulatory Agreement, Borrower shall, prior to the initial leasing of an Affordable Unit, verify the income of the proposed Household. Thereafter, on an annual basis throughout the Restricted Period, Borrower shall obtain and cause to be submitted to the City, at Borrower’s expense, a verification of all household sources of income as required by the City Regulatory Agreement demonstrating that such household constitutes a Qualified Tenant in accordance herewith and meets the eligibility requirements established for the Affordable Unit.
Income Requirements. BIC/SWIFT Please specify how you would like investment income to be treated. Place it on deposit Pay it into the account named above Some companies give shareholders the option of taking shares known as SCRIP dividends or have dividend re-investment plans (DRIPS) which allow shares to be taken up in lieu of cash dividends. If you wish to take shares in lieu of cash dividends, please tick the box. Please note that if you ticked this box it will apply to all shareholdings in your portfolio for which a SCRIP dividend or DRIP option is available. If you are being introduced to us by another IOMFSA/FCA authorised firm and you have agreed to pay their initial/on-going adviser charge from your account held with us, please provide their details below. If not, please proceed to Section B7 below. Please note any fees outlined here will be charged in addition to the fees of WHIreland. Name Address
Income Requirements. In order to be eligible for the Elder Rental Program, applicants must demonstrate that they can meet the financial requirements of the rental agreement, including through the use of financial assistance.
(a) When assessing the income requirements for the elder rental agreements, the Comprehensive Housing Division staff:
(1) May not include child support payments;
(2) May not include education grants/scholarships;
(3) May not include medical bills; and
(4) Shall include per capita payments to the extent that receipt of per capita payment may be verified for each of the five (5) years prior to rental agreement application.
(A) For per capita payments paid by the Nation, the Comprehensive Housing Division staff shall verify with the Trust Enrollment Department that the applicant received the full eligible amount of the per capita payments for each of the five (5) years prior to rental agreement application.
(B) For per capita payments paid by other tribes the Comprehensive Housing Division staff shall verify that the applicant received per capita payments for each of the five (5) years prior to rental agreement application using the applicant’s tax return.
(C) When per capita payments qualify to be considered as part of the income assessment and it appears that prior per capita payments are inconsistent or have been attached, Comprehensive Housing Division staff shall use an average of the payments the applicant received for the five (5) years prior to rental agreement application.
