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.

Adjusted Income means unadjusted income as modified by Sections 59-7-105 and 59-7-106. (2)

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.

Examples of Adjusted Income in a sentence

• The accurate calculation of Annual Income and Adjusted Income will ensure that families are not paying more or less money for rent than their obligation under the Regulations.

• These requirements and PHA policies for calculating annual income are found in Part I.• Part II: Adjusted Income.

• The accurate calculation of Annual Income and Adjusted Income will ensure that families are not paying more or less money for rent than their obligation under the Regulations.Applicants and program participants must provide true and complete information to SDHC whenever information is requested.

• Adjusted Income is defined as the Annual income minus any HUD allowable expenses and deductions.

• Rents Set at 30% of Adjusted Income – Public Housing Program (Activity #33-2012)Proposed and implemented in the FY 2012 Plan, families receiving rental assistance under the Public Housing program will pay either 30% of their monthly adjusted income for rent, or the minimum rent established by the LMHA, whichever is higher.

More Definitions of Adjusted Income

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.

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 income minus any deductions allowable

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 income minus any deductions allowable by

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 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.