Adjusted for Family Size Appropriate for the Unit definition

Adjusted for Family Size Appropriate for the Unit shall be determined consistent with Section 50052.5(h) of the California Health and Safety Code, subject to the application of federal rules associated with Affordable Housing Project financing sources.
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Adjusted for Family Size Appropriate for the Unit means, in the absence of pertinent federal statutes applicable to the Project, adjusted for a household of one person in the case of a studio unit, two persons in the case of a one-bedroom unit, three persons in the case of a two-bedroom unit, four persons in the case of a three-bedroom unit, and one additional person for every additional bedroom thereafter.
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Adjusted for Family Size Appropriate for the Unit means the following: Studio units -one person
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Examples of Adjusted for Family Size Appropriate for the Unit in a sentence

  • Except as otherwise stated in the Definition of Affordable Rent above, monthly rents for Affordable Units for Low Income households shall not exceed one-twelfth of 30 percent of 80 percent of Area Median Income, Adjusted for Family Size Appropriate for the Unit.

  • The monthly rents for the Affordable Units for the Very Low Income households shall not exceed one-twelfth of 30 percent of 50 of percent of Area Median Income, Adjusted for Family Size Appropriate for the Unit.


More Definitions of Adjusted for Family Size Appropriate for the Unit

Adjusted for Family Size Appropriate for the Unit means a household of 1 for a studio unit, a 2- person household for a 1-bedroom unit, a 3-person household for a 2-bedroom unit, a 4-person household for a 3-bedroom unit, and a 5-person household for a 4-bedroom unit.
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Adjusted for Family Size Appropriate for the Unit means the following:Studio units - one person One bedroom – two personsTwo bedroom – three persons Three bedroom – four persons Four bedroom – five persons
Sample 1
Adjusted for Family Size Appropriate for the Unit shall be determined consistent with Section 50052.5(h) of the California Health and Safety Code as defined below: Studio – 1 person One Bedroom – 2 persons Two Bedroom – 3 persons Three Bedroom – 4 persons‌
Sample 1
Adjusted for Family Size Appropriate for the Unit means adjusted for a household of one person in the case of a studio unit, two persons in the case of a one-bedroom unit, three persons in the case of a two-bedroom unit, four persons in the case of a three-bedroom unit, and one additional person for every additional bedroom thereafter. The Family Size Appropriate for the Unit is intended to be used solely for the purposes of establishing maximum rent limits for the Affordable Units, and not as a maximum occupancy limit for the Affordable Units.
Sample 1

Related to Adjusted for Family Size Appropriate for the Unit

  • Adjusted Daily Simple SOFR means an interest rate per annum equal to (a) the Daily Simple SOFR, plus (b) 0.10%; provided that if the Adjusted Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Applicable Stock Price means, in respect of a Conversion Date, the average of the Closing Sale Prices per share of Common Stock over the five-Trading Day period starting the third Trading Day following such Conversion Date.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Daily Simple RFR means, for any day (an “RFR Interest Day”), an interest rate per annum equal to (a) for any RFR Loan denominated in GBP, the greater of (i) XXXXX for the day (the “RFR Reference Day”) that is five RFR Business Days prior to (A) if such RFR Interest Day is a RFR Business Day, such RFR Interest Day or (B) if such RFR Interest Day is not a RFR Business Day, the RFR Business Day immediately preceding such RFR Interest Day, in each case, plus the applicable RFR Applicable Credit Adjustment Spread for the Interest Period in which such RFR Interest Day occurs, and (ii) 0.00%; and (b) for any RFR Loan denominated in CHF, the greater of (i) SARON for the RFR Reference Day that is five RFR Business Days prior to (A) if such RFR Interest Day is a RFR Business Day, such RFR Interest Day or (B) if such RFR Interest Day is not a RFR Business Day, the RFR Business Day immediately preceding such RFR Interest Day, in each case, plus the applicable RFR Applicable Credit Adjustment Spread for the Interest Period in which such RFR Interest Day occurs, and (ii) 0.00%. If by 5:00 p.m. (London time), on the second Business Day immediately following any RFR Reference Day, the applicable RFR Rate in respect of such RFR Reference Day has not been published on the applicable RFR Administrator’s Website and a Benchmark Replacement Date with respect to the applicable Daily Simple RFR has not occurred, then the RFR Rate for such RFR Reference Day will be the RFR Rate as published in respect of the first preceding RFR Business Day for which such RFR Rate was published on the RFR Administrator’s Website; provided that any RFR Rate as determined pursuant to this sentence shall be utilized for purposes of calculating the Daily Simple RFR for no more than three consecutive RFR Interest Days. Any change in Daily Simple RFR due to a change in the applicable RFR Rate shall be effective from and including the effective date of such change in such RFR Rate without notice to the Borrower.

  • Share Value means $25.00 plus declared and unpaid dividends as at the date of the Trigger Event.

  • Daily Simple SOFR means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion.

  • Unrestricted Margin Stock means any Margin Stock owned by the Borrower or any Subsidiary which is not Restricted Margin Stock.

  • DoD recognized unique identification equivalent means a unique identification method that is in commercial use and has been recognized by DoD. All DoD recognized unique identification equivalents are listed at http://www.acq.osd.mil/dpap/pdi/uid/iuid_equivalents.html.

  • Overall Share Limit means the sum of (i) 4,289,936 Shares; (ii) any Shares that are subject to Prior Plan Awards that become available for issuance under the Plan pursuant to Article V; and (iii) an annual increase on the first day of each year beginning in 2019 and ending in 2028, equal to the lesser of (A) 5% of the Shares outstanding (on an as-converted basis) on the last day of the immediately preceding fiscal year and (B) such smaller number of Shares as determined by the Board.