Eligible Person or Family definition

Eligible Person or Family means a person or family which is a Low Income Household and which also meets the City’s eligibility requirements regarding family size for the Home.
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Eligible Person or Family means a person or family which is a Person or Family of Moderate Income and which meets the City’s eligibility requirements regarding family size for the Project.
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Eligible Person or Family means (i) a person or family intending to principally and permanently reside as a household in a Residence, (ii) whose Annual Family Income does not exceed applicable Income requirements set forth in the Bond Guide, and (iii) who is a First-Time Homebuyer unless the Residence is located in a Targeted Area or unless the Homebuyer is a Qualified Veteran.
Sample 1

Examples of Eligible Person or Family in a sentence

  • Specifically, except as set forth in Section 6 herein, Owner may Transfer an Affordable Unit (i) only to an Eligible Person or Family and (ii) only if the Housing Cost does not exceed Affordable Housing Cost for the Eligible Person or Family and (iii) only if the Transfer has been approved in writing by the City in accordance with the provisions of Section 5, except when Section 7 applies.

  • Equity subject to sharing shall be calculated by subtracting the Fair Market Value of the Affordable Unit at the time of the Owner’s acquisition of the Affordable Unit from the sales price for a sale to a Person or Family who is not an Eligible Person or Family (less Borrower's Closing Costs and “capital improvements” as such terms are defined herein).

  • The adjustment to the Authority Note shall occur on an agreed upon date during an open escrow to convey the unit to a proposed Buyer and after the Authority determined and verified that the household income of a proposed Buyer is an Eligible Person or Family (as such terms and all capitalized terms are defined hereinafter), and determined whether the Property is available to such Buyer at an Affordable Housing Cost.

  • If such Transferee is not an Eligible Person or Family, this Transferee shall market the Affordable Unit for rental to an Eligible Person or Family and shall rent the Affordable Unit to an Eligible Person or Family until the Transferee desires to Transfer the Affordable Unit.

  • SUBRECIPIENT, PARTENRSHIP their employees and agents, and any succeeding OWNER shall take all steps necessary to maintain the confidentiality of HIV-related information about any Eligible Person or Family member occupying or applying to occupy a HOPWA Unit.

  • Whatever the reason chosen, clients must migrate application programs from CICS to the workstation.

  • Owner acknowledges that Agency is relying upon Owner’s representations that Owner is an Eligible Person or Family, and Agency would not have entered into this Agreement if Owner did not so qualify.

  • Definitions Maximum Subsidy: The amount of grant funds used to pay monthly assistance for an Eligible Person or Family may not exceed the difference between the lower of the rent standard or reasonable rent for the unit; and the resident's rent payment calculated under this program.

  • The outline business case has been approved by Welsh Government with a total project cost of £13m.

  • It is due to report at some point over the Summer or Autumn of 2019, ahead of the announcement of the financial settlement for Councils in December 2019 for the following financial year 2020/21.


More Definitions of Eligible Person or Family

Eligible Person or Family means a Moderate Income Household which has not had an ownership interest in residential real property at any time within the three years preceding the purchase of the Property.
Sample 1
Eligible Person or Family means a Lower Income Household.
Sample 1

Related to Eligible Person or Family

  • Eligible Person means individuals, corporations, trusts, the estates of deceased individuals, partnerships and unincorporated associations of persons;

  • Ineligible Person shall include an individual or entity who:

  • Eligible Persons or “Households” means one or more natural persons or a family who pays 30 percent of their household income toward their monthly rent and is determined by Grantee to be eligible for rental assistance under this Agreement.

  • Eligible Family Member means a member of the Subscriber’s family that is or becomes eligible to enroll for coverage under this Plan as a Dependent.

  • Eligible Individual means any person who is an Employee, a Consultant or a Non-Employee Director, as determined by the Administrator.

  • Designated family member means any of the following:

  • Close Family Member means a parent, child or sibling who is not an immediate family member.

  • young person means a person who falls within the definition of qualifying young person in section 142 of the SSCBA.

  • Eligible Individuals means directors, officers, employees and consultants of the Company or any of its Subsidiaries or Affiliates, and prospective employees and consultants who have accepted offers of employment or consultancy from the Company or its Subsidiaries or Affiliates.

  • taxable person means any person who, independently, carries out in any place any economic activity, whatever the purpose or results of that activity.

  • Eligible Directors means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund’s Board eligible to vote on that Potential Co-Investment Transaction under Section 57(o) of the Act (treating any registered investment company or series thereof as a BDC for this purpose).

  • Other Stock Award means an award based in whole or in part by reference to the Common Stock which is granted pursuant to the terms and conditions of Section 6(d).

  • Family Member means spouse, father, mother, child, father-in-law, mother-in-law, daughter-in-law or son-in-law.

  • Prospective employee means an assessed individual who is anticipated to be hired upon completion of training.

  • Controlling Person With respect to any Person, any other Person who “controls” such Person within the meaning of the Securities Act.

  • Substitute employee is a person hired to perform the duties of a position in the temporary absence of the employee who is regularly assigned to that position.

  • Restricted Stock Bonus means Stock granted to a Participant pursuant to Section 8.

  • Eligible Recipient means an employee, director or independent contractor of the Company or any Affiliate of the Company who has been selected as an eligible participant by the Administrator; provided, however, to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, an Eligible Recipient of an Option or a Stock Appreciation Right means an employee, non-employee director or independent contractor of the Company or any Affiliate of the Company with respect to whom the Company is an “eligible issuer of service recipient stock” within the meaning of Section 409A of the Code.

  • Participating Shares means shares that entitle their holders to participate without limitation in distributions.

  • Eligible Holder means a Limited Partner whose (a) federal income tax status would not, in the determination of the General Partner, have the material adverse effect described in Section 4.9(a)(i) or (b) nationality, citizenship or other related status would not, in the determination of the General Partner, create a substantial risk of cancellation or forfeiture as described in Section 4.9(a)(ii).