MAXIMUM HOUSEHOLD INCOME. 7.1 Gross tenant household income from all sources for tenants of assisted affordable rental housing can be no greater than five (5) times their Monthly Occupancy Cost. Proponents will be required to check incomes for prospective tenants of Assisted Affordable Rental Housing units to ensure compliance with this requirement at initial occupancy (“rent up”) and when any new tenants are selected as ensuing vacancies occur during the twenty (20) year period following the Project Completion Date. Proponents are not required or expected to check incomes for approved tenants once they have taken possession of their units. SCHEDULE "E-1", "E-2", "E-3" SECURITY DOCUMENTS [Relevant Documents Attached] Schedule E-1 - Charge/Mortgage of Land - register in land titles/land registry system Schedule E-2 - Assignment of Rents - register in land titles/land registry system and PPSA Schedule E-3 - Security Agreement (chattels) - register in PPSA SCHEDULE "F" ENERGY EFFICIENCY AND BUILDING DESIGN PROJECT DETAILS ENERGY STAR Appliances: • Fridge • Stove Energy Efficient Products: LEEDS Certification (state level) Energy Audit (name of company performing audit) SCHEDULE "G" PERMITTED ENCUMBRANCES [This schedule in the executed Charge/Mortgage will contain the registration details of all registered documents which fit into the categories listed below.]
MAXIMUM HOUSEHOLD INCOME. 5.1 Gross tenant household income from all sources for tenants of assisted affordable rental housing can be no greater than five (5) times their Monthly Occupancy Cost. Proponents will be required to check incomes for prospective tenants of Assisted Affordable Rental Housing units to ensure compliance with this requirement at initial occupancy (“rent up”) and when any new tenants are selected as ensuing vacancies occur during the thirty-five (35) year period following the Project Completion Date. Proponents are not required or expected to check incomes for approved tenants once they have taken possession of their units. SCHEDULE "E-1a", “E-1b”, "E-2", "E-3" SECURITY DOCUMENTS Schedule E-1a - Federal/ Provincial Charge/Mortgage of Land - register in land titles/land registry system Schedule E-1b - (London projects only) City Charge/Mortgage of Land - register in land titles/land registry system Schedule E-2 - Assignment of Rents - register in land titles/land registry system and PPSA Schedule E-3 - Security Agreement (chattels) - register in PPSA SCHEDULE "F" ENERGY EFFICIENCY AND BUILDING DESIGN PROJECT DETAILS The project will include the following energy efficient features:
MAXIMUM HOUSEHOLD INCOME. If the current COMBINED TOTAL INCOME FOR ALL HOUSEHOLD MEMBERS, as stated on the attached income certification or as otherwise verified, exceeds the maximum allowable household income for my household size as set forth in the table below, the landlord or property manager will have the right to terminate my lease and take possession of my apartment immediately. Household Size Maximum Allowable Household Income 40% 50% 1 Person $16,640 $20,800 2 Persons $19,000 $23,750 3 Persons $21,360 $26,700 4 Persons $23,720 $29,650 5 Persons $25,460 $32,050 6 Persons $ $ 7 Persons $ $ 8 Persons $ $ I understand that the landlord and property manager are relying on my income certification in accepting me as a tenant, and that the landlord will be seriously harmed if my income does not qualify the apartment for low-income housing tax credits. This rider shall be considered part of my lease. Date: Tenant:
MAXIMUM HOUSEHOLD INCOME. 5.1 Gross tenant household income from all sources for tenants of assisted affordable rental housing can be no greater than five (5) times their Monthly Occupancy Cost. Proponents will be required to check incomes for prospective tenants of Assisted Affordable Rental Housing units to ensure compliance with this requirement at initial occupancy (“rent up”) and when any new tenants are selected as ensuing vacancies occur during the thirty (30) year period following the Project Completion Date. Proponents are not required or expected to check incomes for approved tenants once they have taken possession of their units. SCHEDULE "E-1a", “E-1b”, "E-2", "E-3" SECURITY DOCUMENTS Schedule E-1a - Federal/ Provincial Charge/Mortgage of Land - register in land titles/land registry system Schedule E-1b - City Charge/Mortgage of Land - register in land titles/land registry system Schedule E-2 - Assignment of Rents - register in land titles/land registry system and PPSA Schedule E-3 - Security Agreement (chattels) - register in PPSA SCHEDULE "F" ENERGY EFFICIENCY AND BUILDING DESIGN PROJECT DETAILS The project will include the following energy efficient features:
MAXIMUM HOUSEHOLD INCOME. 5.1 Gross tenant household income from all sources for tenants of assisted affordable rental housing can be no greater than five (5) times their monthly occupancy cost. Proponents will be required to check incomes for prospective tenants of Affordable Rental Housing units to ensure compliance with this requirement at initial occupancy (“rent up”) and when any new tenants are selected as ensuing vacancies occur during the twenty-five (25) year period following the Project completion date. Proponents are not required or expected to check incomes of approved tenants once they have taken possession of their units.
