Common use of RENT LIMITATIONS Clause in Contracts

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Owner for the twenty-four (24) Qualifying Units, specified in Sections 2.3(a)(2), occupied by Low-Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low-Moderate-Income Households and shall not exceed the higher of (i) High Home Investment Partnership (“HOME”) Rents as defined under Title 24, Section 92.252 of the Code of Federal Regulations as may be amended or modified from time to time and determined by the GLO and published on an annual basis with adjustment for family size; or (ii) exception rents allowed by HUD on project-based Section 8 properties pursuant to Title 24, Section 252(b)(2) of the Code of Federal Regulations as may be amended or modified from time to time.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Owner for the twentythirty-four two (2432) Qualifying Units, specified in Sections 2.3(a)(2), occupied by Low-Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low-Moderate-Income Households and shall not exceed the higher of (i) High Home Investment Partnership (“HOME”) Rents as defined under Title 24, Section 92.252 of the Code of Federal Regulations as may be amended or modified from time to time and determined by the GLO and published on an annual basis with adjustment for family size; or (ii) exception rents allowed by HUD on project-based Section 8 properties pursuant to Title 24, Section 252(b)(2) of the Code of Federal Regulations as may be amended or modified from time to time.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Owner for the twentyforty-four eight (2448) Qualifying Units, specified in Sections 2.3(a)(2), occupied by Low-Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low-Moderate-Income Households and shall not exceed the higher of (i) High Home Investment Partnership (“HOME”) Rents as defined under Title 24, Section 92.252 of the Code of Federal Regulations as may be amended or modified from time to time and determined by the GLO and published on an annual basis with adjustment for family size; or (ii) exception rents allowed by HUD on project-based Section 8 properties pursuant to Title 24, Section 252(b)(2) of the Code of Federal Regulations as may be amended or modified from time to time.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Owner for the twenty-four forty (2440) Qualifying Units, specified in Sections 2.3(a)(2), occupied by Low-Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low-Moderate-Income Households and shall not exceed the higher of (i) High Home Investment Partnership (“HOME”) Rents as defined under Title 24, Section 92.252 of the Code of Federal Regulations as may be amended or modified from time to time and determined by the GLO and published on an annual basis with adjustment for family size; or (ii) exception rents allowed by HUD on project-based Section 8 properties pursuant to Title 24, Section 252(b)(2) of the Code of Federal Regulations as may be amended or modified from time to time.