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 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. (“HILs”) means the highest incomes that renter households can have and still remain eligible for the Operating Component, 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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Household Income Limits means the income thresholds under which a household would be
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Related to Household Income Limits

  • Household income means the combined income of the members

  • 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.

  • Moderate income housing means housing affordable,

  • 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.

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

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

  • 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;