Adjusted Income definition

Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

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Adjusted Income means unadjusted income as modified by Sections 59-7-105 and 59-7-106.

Adjusted Income. The adjusted income of a person (together with the adjusted income of all persons of the age of 18 years or older who intend to reside with such person in one residential unit) as calculated in the manner prescribed pursuant to Section 8 of the Housing Act, or, if said Section 8 is terminated, as prescribed pursuant to said Section 8 immediately prior to its termination or as otherwise required under Section 142 of the Code and the Act.

Examples of Adjusted Income in a sentence

• A Standard Rating in Adjusted Income will result in an overall Standard Performer Rating.

• Annual Income $ Earned Income $ Family Rent (Total Tenant Payment or, for HCV program, 30% of monthly Adjusted Income)$ The HA will invest the FSS escrow account funds in HUD- approved investments.

• Annual Income $ Earned Income $ Family Rent (Total Tenant Payment or, for HCV program, 30% of monthly Adjusted Income) $ The HA will invest the FSS escrow account funds in HUD-approved investments.

• Notwithstanding the foregoing provisions of Section 4(a), no Tenant who satisfies the applicable income limit for a Restricted Unit upon initial occupancy shall be denied continued occupancy of a Restricted Unit in the Project because, after admission, the aggregate Adjusted Income of all Tenants in the Restricted Unit increases to exceed the qualifying limit for such Restricted Unit.

• Annual Income $ Earned Income $ Family Rent (Total Tenant Payment or, for rental vouchers, 30% of monthly Adjusted Income)$ The HA will invest the FSS escrow account funds in HUD- approved investments.

More Definitions of Adjusted Income

Adjusted Income means the amount determined by subtracting income deductions from countable (see section (18) of this rule) income (see OAR 461-140-0010). Specific rules on the deductions are in OAR chapter 461, division 160.

Adjusted Income means the adjusted income of a person (together with the adjusted income of all persons who intend to reside with such person in one residential unit) as calculated in the manner prescribed in the Code as of the Delivery Date.

Adjusted Income means the adjusted income of a person (together with the adjusted income of all persons who intend to reside with such person in one residential unit) calculated pursuant to Section 142(d)(2)(B) of the Code.

Adjusted Income means with respect to the Tenant of each Unit, the Tenant’s total anticipated annual income as defined in 24 CFR 5.609 and as calculated pursuant to 24 CFR 5.611.

Adjusted Income means the income for all household members after deductions for household medical expenses as described in OAR 411-032- 0044.

Adjusted Income means "annual income" of the members of the family residing or intending to reside in the dwelling unit minus any HUD allowable expenses and deductions as defined in 24 C.F.R. §5.611.

Adjusted Income means the total anticipated annual income of all persons in the Tenant household as calculated pursuant to 24 C.F.R. 92.203(b)(1). Agreement.