Examples of Housing Income Limits in a sentence
The intent is to create options for more housing affordability, types and choices, including housing for individuals and families that fall under the Housing Income Limits published by BC Housing, and purpose-built rental housing for moderate income households.
This RGI program aims to serve the most vulnerable group first and uses the BC Housing Income Limits (HILS) that are used for similar programs.
The City’s Current Definition of Social Housing The City’s current definition of “social housing” requires that 100% of units in the building must be owned by a non-profit or government agency, with at least 30% of units affordable to incomes at or below Housing Income Limits (HILs).1 The HILs replaced the concept of Core Need Income Thresholds since the original definition was adopted, but is essentially the same income measure.
Applicants to subsidized housing must meet certain criteria, including being a permanent resident of British Columbia at the time of their application, being able to live independently, and having a gross household income below the Housing Income Limits established by BC Housing.112 The income limits correlate with the income required to pay the average rent in the private rental market.
To be eligible for Social Housing, the combined weekly gross income of the applicant, partner and co-applicant must be within Public Housing Income Limits listed in Table 2.