Household Income Limits definition

Household Income Limits. (“HILs”) means the highest incomes that renter households can have and still remain eligible for the program, based on geographical areas and classified by bedroom count, in accordance with the annually updated HILs in Ontario Regulation 370/11, made under the Housing Services Act, 2011;
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Household Income Limits or “HILS” formerly known as Core Need Income Threshold (or CNIT), means the housing income limits (or HILs) for Vancouver published by BC Housing which is the maximum gross household income an applicant may have in order to be eligible for subsidized housing in Vancouver.
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Household Income Limits or “HILs” means the Housing Income Limits for the Vancouver planning area most recently published by BC Housing, provided that: The maximum annual income amounts set out above shall be adjusted annually on January 1 of each calendar year to reflect the applicable Housing Income Limits for the Vancouver planning area published by BC Housing or its successor in function. In the event that BC Housing ceases to publish HILs but replaces HILs with a similar income limits or standards that are acceptable to the City for the purposes of this Agreement, such replacement limit or standards shall replace HILs for the purposes of this Agreement. In the event that BC Housing ceases to determine HILs and the HIL’s are not replaced by similar income limits or standards published by BC Housing that are acceptable to the City, then the Maximum Income for Eligible Tenants of Market Units shall be determined by reference to the final HILs published by BC Housing and thereafter increased annually by an amount equal to the increase, if any, in the CPI for the period of January 1 to December 31 of the previous calendar year.
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Examples of Household Income Limits in a sentence

  • The Maximum Household Income Limits shall be the limits published by the Authority as part of the Program Manual, which are based on “median income” for each respective area as determined by HUD.

  • If SMs are of the opinion that Household Income Limits (HILs) in the annually amended Ontario Regulation 370/11 under the Housing Services Act, 2011 are too low and do not correlate with CMHC’s Average Market Rents (AMRs) for their areas, they can submit a written request through their Ministry contacts (see Appendix A), for modifications to their HILs. Self-contained units and congregate living arrangements are both eligible for funding.

  • To be eligible for the Operating component funding, households must be on, or be eligible to be on, social housing waiting lists and have household incomes that do not exceed the applicable Household Income Limits (HILs) in the annually amended Ontario Regulation 370/11 under the Housing Services Act, 2011.


More Definitions of Household Income Limits

Household Income Limits. (“HILs”) means the highest incomes that renter households can have and still remain eligible for the program, based on geographical areas and classified by bedroom count, in accordance with the annually updated HILs in Ontario Regulation 370/11, made under the Housing Services ▇▇▇, ▇▇▇▇;
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Household Income Limits means the income thresholds under which a household would be
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