Income Restriction definition

Income Restriction means an additional qualification requirement that applies to Declarant and all subsequent owners of the Property. Any Qualified Owner must comply with the qualification requirement by earning at or below 80% of the Area Median Income for San Xxxxxx County as determined by the most recently published U.S. Department of Housing and Urban Development’s Area Median Income guidelines.
Sample 1

Examples of Income Restriction in a sentence

  • Lowest IncomeE(1) Lowest Income Restriction for All UnitsMaximum 52 Points 50 PointsThe “Percent of Area Median Income” category may be used only once.

  • Units # of Units Based Upon % Income Restriction *30% **50% 60% Applicable Fraction % Each Building Designation & Address (Include BIN Number from Carryover Documentation) # of Total Units # of LIHTC Units # of Market Units # of Mgr.

  • GEN., U.S. DEP’T OF ARMY, TARGETING AND THE LAW OF WAR: ADMINISTRATIVE INVESTIGATIONS & CRIMINAL LAW SUPPLEMENT tbl.1 (2017) [hereinafter TARGETING SUPPLEMENT].33 MCM, supra note 3, R.C.M. 307(c)(2) discussion.

  • Household Meets Income Restriction Check the appropriate box for the income restriction that the household meets according to what is required by the set-aside(s) for the project.

  • Units # of Units Based Upon % Income Restriction *30% 50% 60% Applicable Fraction % Each Building Designation & Address (Include BIN Number from Carryover Documentation) # of Total Units # of LIHTC Units # of Market Units # of Mgr.

  • Units # of Units Based Upon % Income Restriction *30% 50% 60% Applicable Fraction % *30% LIHTC units may NOT be used to satisfy affordability requirements of any additional funding sources including, but not limited to HOME-assisted housing units.

  • Units # of Units Based Upon % Income Restriction *30% 50% 60% Applicable Fraction % *30% LIHTC units can float but may NOT be used to satisfy affordability requirements of any additional ADFA funding sources including, but not limited to HOME-assisted housing units.

  • Household Meets Income Restriction Check the appropriate box for the income restriction that the household meets according towhat is required by the set-aside(s) for the project.

  • The Code also regulates Termination of Rent and Income Restriction prior to end of Extended Use Period.

  • These restrictions remain in effect through the “Compliance Period.” Termination of Rent and Income Restriction prior to end of Extended Use Period.

Related to Income Restriction

  • Burdensome Restrictions means any consensual encumbrance or restriction of the type described in clause (a) or (b) of Section 6.10.

  • Trade Restrictions means trade, economic or investment sanctions, export controls, anti-terrorism, non- proliferation, anti-money laundering and similar restrictions in force pursuant to laws, rules and regulations imposed under Laws to which the Parties are subject.

  • Investment Restrictions means the investment restrictions of the Fund as set forth in the Declaration of Trust including, without limitation, those described in section 2.0 of this Annual Information Form.

  • Transfer Restriction means any condition to or restriction on the ability of the Subscriber to pledge, sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company, but excluding the restrictions on transfer described in paragraph 6(c) of this Subscription Agreement with respect to the status of the Shares as “restricted securities” pending their registration for resale or transfer under the Securities Act in accordance with the terms of this Subscription Agreement.

  • Ownership Restrictions means collectively the Ownership Limit as applied to Persons other than the Initial Holder or Look-Through Entities, the Initial Holder Limit as applied to the Initial Holder and the Look-Through Ownership Limit as applied to Look-Through Entities.

  • Transfer Restrictions means restrictions that prohibit the sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposal (including through the use of any cash-settled instrument), whether voluntarily or involuntarily by the Grantee, of an Award or any shares of Common Stock, cash or other property delivered in respect of an Award.

  • Age-restricted unit means a housing unit designed to meet the needs of, and exclusively for, the residents of an age-restricted segment of the population such that: 1) all the residents of the development wherein the unit is situated are 62 years of age or older; or 2) at least 80 percent of the units are occupied by one person who is 55 years of age or older; or 3) the development has been designated by the Secretary of the U.S. Department of Housing and Urban Development as “housing for older persons” as defined in Section 807(b)(2) of the Fair Housing Act, 42 U.S.C. § 3607.

  • Put Restriction means the days between the beginning of the Pricing Period and Closing Date. During this time, the Company shall not be entitled to deliver another Put Notice.

  • Payment Restriction shall have the meaning set forth in Section 6.1.

  • Company Restricted Share means each restricted share of Company Common Stock outstanding as of the Effective Time granted pursuant to any equity or compensation plan or arrangement of the Company.

  • Forfeiture Restrictions means any prohibitions and restrictions set forth herein with respect to the sale or other disposition of Shares issued to the Recipient hereunder and the obligation to forfeit and surrender such shares to the Company.

  • Existing Transfer Restrictions means Transfer Restrictions existing with respect to any securities by virtue of the fact that Counterparty may be an “affiliate” of the Issuer (as such term is defined in Rule 144 under the Securities Act).

  • SEC Restrictions has the meaning set forth in Section 2(b).

  • Company Restricted Shares means shares of Company Common Stock granted under a Company Equity Plan, or issued upon “early exercise” of an option granted under a Company Equity Plan, that remain subject to one or more unsatisfied vesting or vesting-equivalent forfeiture or repurchase conditions.

  • Company Restricted Stock means each share of restricted Company Common Stock issued by the Company, which is subject to vesting conditions and rights to repurchase or reacquire by the Company, whether granted by the Company pursuant to a Company Option Plan, assumed by the Company in connection with any merger, acquisition or similar transaction or otherwise issued or granted and whether vested or unvested.

  • Deed Restrictions means the deed restrictions to be recorded with respect to the Land, which deed restrictions shall be subject to the Director's approval and shall be commensurate with the nature and purpose of the Land as stated in the Recipient's application for grant funds under Revised Code Sections 164.20 through 164.27. The Deed Restrictions shall be perpetual and shall not be amended, released, extinguished or otherwise modified without the prior written approval of the Director, in the Director's sole discretion, who shall have full enforcement authority, as set forth more specifically in Section IX of this Agreement.

  • Transfer-Restricted Security means any Security that constitutes a “restricted security” (as defined in Rule 144); provided, however, that such Security will cease to be a Transfer-Restricted Security upon the earliest to occur of the following events:

  • Restriction of Use means, in respect of any day, any difference from the normal capability of all or any part of the Routes (where the normal capability of the Routes is expressed in the Applicable Timetable Planning Rules relevant to that day notified to each Timetable Participant on or before D-26) which results in:

  • Private Restrictions means (as they may exist from time to time) any and all covenants, conditions and restrictions, private agreements, easements, and any other recorded documents or instruments affecting the use of the Property, the Building, the Leased Premises, or the Outside Areas.

  • Resale Restriction Termination Date shall have the meaning specified in Section 2.05(c).

  • Internal lot restriction means a platted note, platted demarcation, or platted designation that:

  • Transfer Restriction Event shall have the meaning specified in Section 2.11.

  • Dealing Restrictions means restrictions imposed by statute, order, regulation or Government directive, or by the Model Code or any code adopted by the Company based on the Model Code and for this purpose the Model Code means the Model Code on dealings in securities set out in Listing Rule 9, annex 1 (of the London Stock Exchange), as varied from time to time;

  • Period of Restriction means the period during which the transfer of Shares of Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of other events as determined by the Administrator.

  • Transfer Restricted Note means any Note that bears or is required to bear the Restricted Notes Legend.

  • Transfer Restricted Securities means securities that bear or are required to bear the legend set forth in Section 2.06 hereof.