County Affordability Level definition

County Affordability Level means the percentage of Area Median Income (calculated using average family size) at which a unit rent paid by a Tenant would be affordable to a household earning up to 80% or up to 60%, as applicable, of the Area Median Income. For this purpose, affordable rents shall be based on family size and shall be calculated using an occupancy factor of 1 person for efficiency, 1.5 persons for 1-bedroom, 3 persons for 2-bedroom and 4.5 persons for 3-bedroom apartments, or as otherwise provided for in Article IV of this Agreement. Contract rents shall not exceed the established affordability level for the gross rents, as published by HUD, minus a utility allowance (if applicable) as per the Utility Allowance. Rent increases for Tenants continuing in occupancy shall be based on area median income increases as published by HUD.
County Affordability Level means the percentage of Area Median Income (calculated using average family size) at which a unit rent paid by a Tenant would be affordable to a household earning up to 40%, 50%, or up to 60%, as applicable, of the Area Median Income. For this purpose, affordable rents shall be based on family size and shall be calculated using an occupancy factor of 1 person for efficiency, 1.5 persons for 1-bedroom, 3 persons for 2-bedroom and 4.5 persons for 3-bedroom apartments, or as otherwise provided for in Article IV of this Agreement. Contract rents shall not exceed the established affordability level for the gross rents, as published by HUD, minus a utility allowance (if applicable) as per the Utility Allowance. Rent increases for Tenants continuing in occupancy shall be based on area median income increases as published by HUD.
County Affordability Level means the percentage of AMI (calculated using average family size) at which a unit rent charged by an Owner would be affordable to a household earning up to 40% of AMI (for 2 units), 50% of AMI (for 4 units), and up to 60% of AMI for (7 units), as applicable for the thirteen (13) PSH Units. For this purpose, affordable rents shall be based on family size and shall be calculated using an occupancy factor of 1 person for efficiency, 1.5 persons for 1-bedroom, 3 persons for 2-bedroom and 4.5 persons for 3-bedroom apartments, or as otherwise provided for in Article II of this Agreement. PSH Unit Contract Rents shall not exceed the established affordability level for the gross rents, as established by HUD and published by Arlington County, minus a utility allowance (if applicable) as per the Utility Allowance. Rent increases for PSH Households continuing in occupancy shall be based on Area Median Income increases as established by HUD.

Related to County Affordability Level

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