Examples of Income Units in a sentence
Low Income Units Is this a resyndication project using hold harmless rent limits in the above table?These rents cannot exceed the federal set-aside current tax credit rent limits.See TCAC Regulation Section 10327(g)(8).
The “Qualified Basis” is that portion of the Eligible Basis attributable to Low Income Units.
It is calculated as the smaller of the percentage of Low Income Units in the building or the percentage of floor space devoted to Low Income Units in a building.
It is calculated as the smaller of the percentage of Low Income Units in the building, or the percentage of floor space devoted to Low Income Units in a building.
Second, to Applicants who have Project Based Rental Assistance in descending order from the greatest percentage of Units with Project Based Rental Assistance to the lowest percentage of Units with Project Based Rental Assistance, as compared to the total number of Low Income Units in the Project (i.e., not including employee Units or market rate Units).
For example, 50% of Low- Income Units at 50% of Area Median Income for 25 points may be combined with another 50% of Low-Income Units at 45% of Area Median Income to achieve the maximum points.
All non-SRO Low- Income Units shall provide a stove, and all SRO Low-Income Units shall include a cooking facility.
In addition, the rental payments paid by Low Income Tenants for the Low Income Units shall not exceed Affordable Rents.
For instance, 50% of Low-Income Units at 50% of Area Median Income (AMI) cannot be used twice for 100% at 50% and receive 50 points, nor can 50% of Low- Income Units at 50% of Area Median Income for 25 points and 40% of Low-IncomeUnits at 50% of Area Median Income be used for an additional 20 points.
The Management Company may offer Growth and/or Income Units to investors at the time of account opening.