Common use of Very Low Clause in Contracts

Very Low. Income is the qualifying income with adjustments for family size, for very low-income households as established by HUD pursuant to Section 8 of the United States Housing Act of 1937, as amended. These income limits are adjusted from time to time.

Appears in 3 contracts

Samples: Agreement, Funding Agreement, Funding Agreement

AutoNDA by SimpleDocs

Very Low. Income is the qualifying income with adjustments for family size, for very low-low- income households as established by HUD pursuant to Section 8 of the United States Housing Act of 1937, as amended. These income limits are adjusted from time to time.

Appears in 1 contract

Samples: Agreement for Assistance With Acquisition

AutoNDA by SimpleDocs

Very Low. Income is the qualifying income with adjustments for family size, for very low-income households as established by HUD pursuant to Section 8 of the United States Housing Act of 1937, as amended. These income limits are adjusted from time to time, which is currently calculated as households earning 50% or less of area median income.

Appears in 1 contract

Samples: Funding Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!