60% AMI Household(s) definition
60% AMI Household(s) means a household whose aggregate gross income equals 60% or less of AMI, as adjusted for family size. For purposes of this definition, “adjusted for family size” means the actual number of persons in the applicable household.
Examples of 60% AMI Household(s) in a sentence
DEVELOPER agrees to make available, restrict occupancy to, and rent two (2) of the PLHA-assisted Housing Units to 60% AMI Households and two (2) of the PLHA-assisted Housing Units to 120% AMI Households, all at an Affordable Rent (as those terms are defined herein).