Extremely Low Income Units definition

Extremely Low Income Units means the Units which, pursuant to Section 2.1(a) below, are required to be occupied by Extremely Low Income Households.
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Extremely Low Income Units means the Units, which are required to be occupied by Extremely Low Income Households.
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Extremely Low Income Units mean units set aside for Extremely Low Income households, as defined by the California Department of Housing and Community Development.
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Examples of Extremely Low Income Units in a sentence

  • Subject to the provisions of Section 2.4 below, the Rent paid by Tenants of Extremely Low Income Units may not exceed one-twelfth (1/12) of thirty percent (30%) of thirty percent (30%) of Median Income, adjusted for Assumed Household Size.

  • Subject to the provisions of Section 2.4 below, the Rent paid by Tenants of Extremely Low Income Units may not exceed the Extremely Low Income Rent.

  • The tenants’ portions of monthly rent as of [insert termination date of the _________program restriction] for the Extremely Low Income Units are set forth in Exhibit B; Schedule Rents annexed hereto and incorporated herein.

  • Subject to the provisions of Section 2.5 below, the Rent paid by Tenants of Extremely Low Income Units, may not exceed one-twelfth (1/12) of thirty percent (30%) of thirty percent (30%) of Median Income, adjusted for Assumed Household Size.

  • The maximum allowable rents for Extremely Low Income Units shall be 60% of maximum allowable rents for Very Low Income Households as established annually by the City.

  • Concurrent with providing the report to the County, Borrower shall also provide a proposal regarding designation of Units as Extremely Low Income Units and Very Low Income Units.

  • It is anticipated that the Extremely Low Income Units in the Development will be partially subsidized through a Project-Based Section 8 Contract or other rental subsidy (the "Rental Subsidy").

  • Concurrent with providing the report to the County, Borrower shall also provide a proposal regarding designation of Units as Extremely Low Income Units, Very Low Income Units, and Forty Percent Income Units.

  • Subject to the provisions of Section 2.4 below, the Rent paid by Tenants of Extremely Low Income Units may not exceed the Extremely Low Income Rent for the applicable bedroom size.

  • Subject to the provisions of Section 2.3 below, the Rent paid by Tenants of Extremely Low Income Units, may not exceed one-twelfth (1/12th) of thirty percent (30%) of thirty percent (30%) of Median Income, adjusted for Assumed Household Size.


More Definitions of Extremely Low Income Units

Extremely Low Income Units means the Units which, pursuant to Section 2.b below, are required to be occupied by Extremely Low Income Households.
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Extremely Low Income Units means the twenty-four (24) Affordable Units that are required to be rented to and occupied by Very Low Income Households.
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Extremely Low Income Units means twenty (20) of the total ninety-six (96) dwelling units in the Development that are to be held for occupancy by one or more natural persons or a family whose adjusted household income is equal to or below the percentage of area median income for the county where the household is located, as set forth on the XXX County Chart attached hereto as Exhibit I.
Sample 1

Related to Extremely Low Income Units

  • Very low-income unit means a restricted unit that is affordable to a very low-income household.

  • Extremely low-income household means a single person,

  • Low-income unit means a restricted unit that is affordable to a low-income household.

  • Very low-income household means a household with a total gross annual household income equal to 30 percent or less of the median household income.

  • Low income means the adjusted income for a Family which does not exceed 80 percent of the area median income.

  • Low-income household means a household with a total gross annual household income equal to 50 percent or less of the median household income.

  • Low-Income Community ’ means any census block

  • Class B Units means the Class B Units of the Company.

  • Below Investment Grade Rating Event means the rating on the Notes is lowered in respect of a Change of Control and the Notes are rated below Investment Grade by both Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which period shall be extended until the ratings are announced if during such 60 day period the rating of the Notes is under publicly announced consideration for possible downgrade by either of the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Repurchase Event hereunder) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Company in writing at its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event).

  • Class A LP Units means the Class A limited partnership units of the Partnership.