Forty Percent Income Household definition

Forty Percent Income Household means a household with an Adjusted Income that does not exceed forty percent (40%) of Median Income, adjusted for Actual Household Size.
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Forty Percent Income Household means a household with an income that does not exceed the "40% Income Level" as published by TCAC, or if TCAC does not publish such levels, a household with an Adjusted Income that does not exceed forty percent (40%) of Area Median Income.
Sample 1

Examples of Forty Percent Income Household in a sentence

  • The Plan lays out measures that will exceed the 2030 target and put us on a trajectory to meet the 2050 goal.

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

  • Borrower shall then rent the next available Unit to a Forty Percent Income Household to comply with the requirements of Section 2.1(b) above, at a Rent not exceeding the Forty Percent Income Rent, or re-designate another comparable Unit in the Development with a Forty Percent Income Household n Forty Percent Income Unit, to comply with the requirements of Section 2.1(b) above.

  • Any Existing Tenant lawfully residing in the Development as of the date of this Agreement is entitled to remain a resident of the Development if such Tenant does not meet the income and other eligibility criteria of this Section 2.1. If and when such non-qualifying Existing Tenant voluntarily vacates the Unit, Borrower shall rent such Unit to an Extremely Low Income Household, Very Low Income Household, or Forty Percent Income Household, as necessary to meet the provisions of this Section.

  • There was the New Force, which lasted six years in Spain, passing from the scene in 1981, and Portugal’s yet-shorter-lived New Order.

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

  • Confusion matrix for classification using EMG signals (general condition).

  • Borrower shall then rent the next available comparable HOPWA-Assisted Unit to an Extremely Low Income Household or Forty Percent Income Household as applicable, to comply with the requirements of Section 2.1(a)(1) and Section 2.1(a)(2) above.

  • Borrower shall then rent the next available Unit to a Forty Percent Income Household, to comply with the requirements of Section 2.1(a)(2) above, at a Rent not exceeding the maximum Rent specified in Section 2.2(c), or re-designate another comparable Unit in the Development with a Forty Percent Income Household a Forty Percent Income Unit to comply with the requirements of Section 2.1(a)(2) above.

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

Related to Forty Percent Income Household

  • Five Percent Owner means an Employee who, with respect to a Participating Company, is described in section 423(b)(3) of the Code.

  • Investment Income means dividends, capital gains, or interest in- come generated from:

  • Exempt income means all of the following:

  • covenant income means the gross income payable to a full-time student under a Deed of Covenant by his parent;

  • Area Median Income means the most recent applicable county median family income published by the California Tax Credit Allocation Committee.

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Per capita income means the average for the most recent three years for

  • Ten Percent Owner means an employee who owns or is deemed to own (by reason of the attribution rules of Section 424(d) of the Code) more than 10 percent of the combined voting power of all classes of stock of the Company or any parent or subsidiary corporation.

  • Household income means the combined income of the members

  • Percent or "percentage" means the percentage by weight.

  • Qualified low-income community investment or “QLICI” shall have the same meaning as set forth in IRC § 45D(d) and 26 C.F.R. 1.45D-1(d).