Certification of Income definition

Certification of Income means a certification made by a Certifying Authority that verifies the Annual Household Income of a Qualified Tenant or Qualified Purchaser, as applicable, meets the Designated Affordability Level for an applicable Affordable Unit and meets the requirements of Section 4.5 or Section 5.2.1, as applicable, in such form as the Agency approves.
Certification of Income means a certification made by the City that verifies that the Annual Household Income of a Qualified Tenant is less than or equal to 60% of AMI.
Certification of Income means a certification made by the City that verifies that the Annual Household Income of a Qualified Tenant is within the Designated Income Range for an applicable Workforce Housing Unit, on such form as the City approves.

Examples of Certification of Income in a sentence

  • For each Household that intends to renew its lease, no more than ninety days and no less than thirty days before each anniversary of the first day of a residential lease, Developer shall use its best efforts to obtain the following: (i) a Certification of Residency from each Household; and (ii) a Certification of Income for each Household completed by the City.

Related to Certification of Income

  • Certificate means this entire Certificate of Approval document, issued in accordance with Section 53 of the Ontario Water Resources Act, and includes any schedules;