Maximum Rents. The Maximum Rent for the affordable units cannot exceed the amounts approved by the Agency.
Maximum Rents. Borrower, its successors and assigns shall not charge rents for any Unit in excess of the amounts set forth in Section 2.b., as adjusted on the basis of the revised schedules of area median incomes issued from time-to-time by HUD. Upon request, the Administrator shall notify Borrower in writing of the adjusted allowable maximum incomes and rents. Borrower may increase rents for the Units not more than once annually, subject to any applicable rent control ordinance then in effect, but in no event shall rent be greater than the applicable Affordable Rent.
Maximum Rents. Monthly rents charged to Tenant for the ADU cannot exceed either: (1) the rental charges allowed by the Lease; or (2) an affordable rent as set annual by the United States Department of Housing and Urban Development, adjusted for household size appropriate for the unit.
Maximum Rents. Notwithstanding anything in the Lease Agreement to the contrary, the total rent for the Affordable Apartments shall not exceed the amounts set forth in the “Avalon Acton Affordable Rental Qualification Standards” which are 30% of the annual income limit (based on 50% of median) for the size of the apartment which the Residents(s) will be occupying.
Maximum Rents. The total monthly rent collected by the Group Home cannot exceed the FMR, including any assistance for rent payment provided by sources other than tenants (e.g. Section 8 voucher). Maximum rents do not include other fees that group home providers receive for provision of non-rent related support services (e.g. funds received from sources other than a tenant for case management services).
Maximum Rents. Borrower, its successors and assigns shall not charge rents for any Assisted Unit in excess of the amounts set forth above, as adjusted on the basis of the revised schedules of Section 8 very low income limits issued from time-to- time by HUD. Upon request, City shall notify Borrower in writing of the adjusted allowable maximum incomes and rents. Borrower may increase rents for the Assisted Units not more than once annually, subject to any applicable rent control ordinance then in effect, but in no event shall rent be greater than the applicable Affordable Rent. At least sixty (60) calendar days prior to increasing rents on any Assisted Unit, Borrower shall submit to City for review and approval a written request for such increase, which City shall approve if the increased rent will comply with the requirements of any applicable CDBG Program requirements. Households occupying Assisted Units shall be given at least thirty (30) days written notice prior to any rent increase.
Maximum Rents. The total monthly rent cannot exceed the current HUD rent limits for low income (at or below 80 percent of area median) adjusted for unit size.
Maximum Rents. The maximum rents charged for each Affordable Rental Unit are those set forth in the Whitefish Legacy Homes Program Administrative Procedures, as may be amended from time to time. Nothing herein shall be construed as a requirement that the Owner charge the maximum rent for any Affordable Rental Unit. Maximum rents are inclusive of utilities.
Maximum Rents a. The maximum rent, including a reasonable utility allowance for utilities and services (excluding telephone), shall not exceed rents that are affordable to Senior Low and Moderate Income Households under California Health and Safety Code section 50053. Affordable rent shall be based on area median income adjusted for family size appropriate to the unit, as determined by the California Department of Housing and Community Development. As used herein, the term “family size appropriate to the unit” shall equal the number of bedrooms in the unit plus one.
Maximum Rents. At least 50% of the Residential Dwelling Units located on parcels subject to an approved Density Variance must have rents that do not exceed the Fair Market Rents published annually by the U.S. Department of Housing and Urban Development (HUD) during the Affordability Period.
