Extremely low-income household definition

Extremely low-income household means a single person,

Extremely low-income household means a person, a family, or unrelated persons living together whose adjusted household income is not more than 30% of the area median income, as determined by the authority.

Extremely low-income household means a single

Examples of Extremely low-income household in a sentence

• If, upon the annual certification of the income of a Tenant of an Extremely Low Income Unit, Borrower determines that the income of the Tenant has increased above the qualifying limit for an Extremely Low Income Household, but not above the qualifying income for a Low Income Household, the Tenant may continue to occupy the Unit and the Tenant's Rent will remain at the Extremely Low Income Rent.

• Borrower shall then rent the next available Unit to an Extremely Low Income Household to comply with the requirements of Section 2.1(a) above, at a Rent not exceeding the maximum Rent specified in Section 2.2(a), or re-designate another comparable Unit in the Development with an Extremely Low Income Household an Extremely Low Income Unit, to comply with the requirements of Section 2.1(a) above.

More Definitions of Extremely low-income household

Extremely low-income household means families and individuals whose Annual Incomes do not exceed thirty percent (30%) of the Area Median Income for the area in which the Property is located.

Extremely low-income household means a single person, family, or unrelated persons living together whose adjusted income is at or below thirty percent of the median household income adjusted for household size, for the county where the household is located, as reported by the United States department of housing and urban development.

Extremely low-income household means a household with an Adjusted Income that does not exceed thirty percent (30%) of Median Income, adjusted for Actual Household Size.

Extremely low-income household means an individual or family unit whose gross annual income does not exceed 30% of the area median income, adjusted for family size.

Extremely low-income household or “ELI” means one or more natural persons or a family that has a total annual gross household income that does not exceed 30 percent of the area median income adjusted for family size for households within the metropolitan statistical area, the county, or the non-metropolitan median for the state, whichever is greatest.

Extremely low-income household means a household whose income does not exceed the extremely low-income limits pursuant to the published standard.

Extremely low-income household means a household having an income not exceeding thirty (30) percent of AMI adjusted for household size.