Potential for homeownership Sample Clauses

Potential for homeownership. In order to be considered for selection, a family must be determined to meet at least all of the following standards of potential for homeownership: (i) Income sufficient to result in a re- quired monthly payment which is not less than the sum of the amounts nec- ▇▇▇▇▇▇ to pay the EHPA, the NRMR, and the estimated average monthly cost of utilities attributable to the home; (ii) Ability to meet all the obliga- tions of a homebuyer under the Home- buyers Ownership Opportunity Agree- ment; (iii) At least one member gainfully employed, or having an established source of continuing income.