Income Targeting Clause Samples

The Income Targeting clause establishes specific requirements or thresholds for the income levels of individuals or households eligible to benefit from a particular program, service, or agreement. In practice, this clause may require that a certain percentage of units in a housing development be reserved for low- or moderate-income families, or that funding is directed toward populations below a defined income limit. Its core function is to ensure that resources or benefits are directed toward those with the greatest financial need, thereby promoting equitable access and compliance with regulatory or policy objectives.
Income Targeting. The Governmental Lender hereby elects to have the Project meet the requirements of section 142(d)(1)(B) of the Code in that 40% or more of the residential units in the Project shall be occupied by persons or families whose Adjusted Income (as defined in the Regulatory Agreement) is 60% or less of Median Income for the Area (as defined in the Regulatory Agreement), adjusted for household size.
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Income Targeting. In any fiscal year in which the total amount available for allocation of HTF funds is less than $1 billion, the grantee must use 100 percent of its HTF grant for the benefit of extremely low-income families or families with incomes at or below the poverty line (whichever is greater). In any fiscal year in which the total amount avail- able for allocation of HTF funds is greater than $1 billion, the grantee must use at least 75 percent of its grant for the benefit of extremely low- income families or families with in- comes at or below the poverty line.
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Related to Income Targeting

  • Multi-year Planning Targets Schedule A may reflect an allocation for the first Funding Year of this Agreement as well as planning targets for up to two additional years, consistent with the term of this Agreement. In such an event, the HSP acknowledges that if it is provided with planning targets, these targets: a. are targets only, b. are provided solely for the purposes of planning, c. are subject to confirmation, and d. may be changed at the discretion of the Funder in consultation with the HSP. The HSP will proactively manage the risks associated with multi-year planning and the potential changes to the planning targets; and the Funder agrees that it will communicate any changes to the planning targets as soon as reasonably possible.

  • Targets Seller’s supplier diversity spending target for Work supporting the construction of the Project prior to the Commercial Operation Date is ____ percent (___%) as measured relative to Seller’s total expenditures on construction of the Project prior to the Commercial Operation Date, and;

  • Target Population TREATMENT FOR ADULT (TRA) Target Population

  • Hepatitis B Vaccine Where the Hospital identifies high risk areas where employees are exposed to Hepatitis B, the Hospital will provide, at no cost to the employees, a Hepatitis B vaccine.

  • Program Objectives Implement a rigorous constructability program following The University of Texas System, Office of Capital Projects Constructability Manual. Identify and document Project cost and schedule savings (targeted costs are 5% of construction costs). Clarification of Project goals, objectives.