MONITORING OF GROSS HOUSEHOLD INCOME – RENTAL ASSISTANCE Sample Clauses

MONITORING OF GROSS HOUSEHOLD INCOME – RENTAL ASSISTANCE. To ensure Rental Assistance funding is targeted to Low-Income Households, CMHC or its representative will conduct an annual monitoring control and analysis to confirm that Rental Assistance under this Agreement remains targeted to Low-Income Households. Monitoring and analysis of the Gross Household Income of the Housing Providers' Assisted Households will be completed annually and may include, but may not be limited to, the use of CMHC's Housing Income Limits3. Upon review and analysis, if it is noted that the Rental Assistance provided under this Agreement is not targeting Low-Income Households, CMHC may implement an income qualification criterion and adjust the amount of Rental Assistance available to the Housing Provider. 3 NOTE: Housing Income Limits represent the income required to pay the average market rent for an appropriately sized unit in the private market. Average rents are derived from CMHC's annual Rental Market Survey. The size of unit required by a household is governed by the National Occupancy Standards. Part I A. PROJECT ADDRESS AND LEGAL DESCRIPTION: [description of Project including civic address and number of units in Project] [To be changed to Non Applicable for groups that do not receive funding]
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Related to MONITORING OF GROSS HOUSEHOLD INCOME – RENTAL ASSISTANCE

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