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. (“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 Xxx, 0000;
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Examples of Household Income Limits in a sentence

  • The borrower's current Annual Household Income must not exceed the Household Income Limits set forth in Exhibit A.

  • 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.

  • HUD publishes median household income figures that are the basis for determining the Maximum Household Income Limits.

  • The Authority will notify all Mortgage Lenders in advance of the effective date when Maximum Household Income Limits are revised.

  • The Household Income Limits used for most Measure J Home Buyer Program and RDA Homeownership Programs are the Moderate-Income Limits established annually by HCD.

  • The Household Income Limits used for the BMR Home Buyer Program are the Moderate Income Limits established annually by HCD.

  • Applicant(s) combined annual household income must be at or below the amounts listed in the Household Income Limits to qualify for HAP funds.

  • Income exceeds the maximum high need income but is still within the Household Income Limits established for the City of London and Middlesex County.

  • Based on the 2010 HUD Household Income Limits Table, the very low- and low- income groups comprise 64.4 percent of Orange Cove's households.Approximately, 20.6 percent of Orange Cove’s households are classified as above moderate-income.

  • The Maximum Purchase Price limits represent 90% of average area median purchase price for non-Targeted Area residences and 110% of average area median purchase price for Targeted Area residences As with the Maximum Household Income Limits, the Treasury Department will periodically issue new figures.


More Definitions of Household Income Limits

Household Income Limits means the income thresholds under which a household would be
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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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Related to Household Income Limits

  • Household income means the combined income of the members

  • 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 household income (MHI) means the calculation computed by the U.S. Census Bureau - Income of Households - This includes the income of the householder and all other individuals 15 years old and over in the household, whether they are related to the householder or not. Because many households consist of only one-person, average household income is usually less than average family income. The median divides the income distribution into two equal parts: one-half of the cases falling below the median income and one-half above the median. For households and families, the median income is based on the distribution of the total number of households and families including those with no income. The median income for individuals is based on individuals 15 years old and over with income. Median income for households, families, and individuals is computed on the basis of a standard distribution.

  • Gross household income means gross income of a household as those terms are defined in rules of the authority.

  • Lower income household means a household having an income equal to or less than the

  • Household goods means personal effects and property used or to be used in a dwelling when a part of the equipment or supply of that dwelling. Household goods do not include property moving from a factory or store, unless the property was purchased by the householder with intent to use the property in his or her dwelling, the property is transported at the request of the householder, and the householder pays the carrier's transportation charges either directly or indirectly.

  • 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.

  • Moderate income housing means housing affordable,

  • 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.

  • Household means a family group living in the same domestic dwelling.

  • Access Compensation is the compensation paid by one Party to the other Party for the origination/termination of intraLATA toll calls to/from its End User. Access compensation is in accordance with the LEC’s tariffed access rates.

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Extremely low-income household means a single person,

  • 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 Households means households earning 80 percent or less of the countywide median income.

  • Units serving lower income households means units that are occupied by lower income households at an affordable rent, as defined in section 50053 of the Health and Safety Code or, to the extent that the terms of federal, state, or local financing or financial assistance conflicts with section 50053, rents that do not exceed those prescribed by the terms of the financing or financial assistance. Effective October 13, 2017, pursuant to Revenue and Taxation Code section 214(g)(2)(A)(iii), a unit in a property that receives federal low income housing tax credits shall continue to be treated as occupied by a lower income household if the occupants were lower income households on the lien date in the fiscal year in which their occupancy of the unit commenced and the unit continues to be rent restricted, notwithstanding an increase in the income of the occupants of the unit to 140 percent of area median income (AMI), adjusted for family size (“over-income” tenants). Units reserved for lower income households at an affordable rent that are temporarily vacant due to tenant turnover or repairs shall be counted as occupied.

  • Social services means foster care, adoption, adoption assistance, child-protective services, domestic

  • Minimum Generation Emergency means an Emergency declared by the Office of the Interconnection in which the Office of the Interconnection anticipates requesting one or more generating resources to operate at or below Normal Minimum Generation, in order to manage, alleviate, or end the Emergency.

  • Eligible Household means a household that is eligible to receive fuel assistance through the Maine State Housing Authority pursuant to section 4722, subsection 1, paragraph W; section 4741, subsection 15; and subchapter XIII and rules adopted pursuant to these laws. "Eligible household" does not include a tenant who resides in subsidized housing and receives a utility allowance or a tenant whose utilities are included in the rent. [PL 2001, c. 257, §1 (NEW).]

  • Return Location means the location from which the Vehicle was hired and which is shown in Rental Vehicle Agreement Part A.

  • Established geographic service area means a geographic area, as approved by the Commissioner and based on the carrier's certificate of authority to transact insurance in this state, within which the carrier is authorized to provide coverage;

  • Household members means those persons who reside in the same home, who have reciprocal duties to and do provide financial support for one another. This term shall include xxxxxx children and legal wards even if they do not live in the household. The term does not include persons sharing the same general house, when the living style is primarily that of a dormitory or commune;

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Maximum Generation Emergency Alert means an alert issued by the Office of the Interconnection to notify PJM Members, Transmission Owners, resource owners and operators, customers, and regulators that a Maximum Generation Emergency may be declared, for any Operating Day in either, as applicable, the Day-ahead Energy Market or the Real-time Energy Market, for all or any part of such Operating Day.

  • Asset Coverage means asset coverage, as determined in accordance with Section 18(h) of the 1940 Act, of at least 200% with respect to all outstanding senior securities of the Trust which are stock, including all Outstanding Series B Preferred Shares (or such other asset coverage as may in the future be specified in or under the 1940 Act as the minimum asset coverage for senior securities which are stock of a closed-end investment company as a condition of declaring dividends on its common stock), determined on the basis of values calculated as of a time within 48 hours (not including Saturdays, Sundays or holidays) next preceding the time of such determination.

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.