Low Income Persons or Families definition

Low Income Persons or Families means low income persons or families as defined in Section 15(a)(7) of the Act.
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Low Income Persons or Families means persons or families whose income does not exceed the applicable percentages of the Area Median Gross Income as defined in the Tax Act at 26 U.S.C. § 142(d) and, with respect to Assisted Living Facilities, also means persons or families whose income does not exceed the 100-110 Test. Statistical data relating to Area median Gross Income of Low Income Persons or Families shall be made available to Housing Sponsors by Program Bulletin from time to time.
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Low Income Persons or Families means those persons and families whose income is 60% or less of area median income as adjusted for family size and who are determined to be eligible to move into the Development under the provisions of Section 42, with all units to be rent restricted.
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Examples of Low Income Persons or Families in a sentence

  • The Sponsor shall maintain such records of rent or occupancy charges received and the occupancy of units in the Housing Project as will permit the Township to verify which of the units in the Housing Project have been occupied by qualified Low Income Persons or Families.

  • All housing acquired, preserved, or improved by CIPF funds shall meet the following requirements: If funded pursuant to the CIPF I Legislation, for at least 30 years after a CIPF loan or grant is provided, a minimum of 50% of the total number of units shall be reserved for occupancy by Low or Moderate Income Persons or Families and, of such reserved units, a minimum of 10% of the units (that is, 5 % of the total number of units) shall be reserved for occupancy by Very Low Income Persons or Families.

  • MassHousing or United States Department of Housing and Urban Development regulations may require that a greater percentage of units than is specified in 760 CMR 18.05(1) or (2) shall be rented to or owned by Low or Moderate Income Persons or Families and Very Low Income Persons or Families.

  • Notwithstanding Section 5, the service charge to be paid each year in lieu of taxes for the part of the Project that is tax exempt but which is occupied by other than Low Income Persons or Families shall be equal to the full amount of the taxes which would be paid on that portion of the Project if the Project were not tax exempt.

  • Notwithstanding the provision of Section 5, the service charge to be paid each year in lieu of taxes for the part of the Housing Development which is tax exempt and occupied by persons who are not Elderly Low Income Persons or Families shall be equal to the full amount of the taxes which would be paid for such occupied units if the Housing Development were not tax exempt.


More Definitions of Low Income Persons or Families

Low Income Persons or Families means persons or families whose income does not exceed the applicable percentages of the Area Median Gross Income as defined in 26 U.S.C. § 142(d) (“Tax Code”). Statistical data relating to Area Median Gross Income of Low-Income Persons or Families shall be made available to Housing Sponsors by Program Bulletin from time to time.
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Related to Low Income Persons or Families

  • Low-income person means a person with a family income of not more than 60% of the statewide median gross income who is eligible to participate in the charitable nonprofit housing organization's program based on criteria established by the charitable nonprofit housing organization.

  • Persons of low income means persons or families who lack the amount of income which is necessary (as determined by the housing authority undertaking the housing project) to enable them, without financial assistance, to live in decent, safe and sanitary dwellings, without overcrowding;

  • Low income means the adjusted income for a Family which does not exceed 80 percent of the area median income.

  • Low-income housing means housing affordable according to

  • Low-income customer means a utility customer whose household income is at or below 200% of the Federal Poverty Level (FPL) and provides proof of meeting the eligibility requirement at the time of enrollment.

  • Immediate Family Members means, with respect to any individual, such individual’s child, stepchild, grandchild or more remote descendant, parent, stepparent, grandparent, spouse, former spouse, qualified domestic partner, sibling, mother-in-law, father-in-law, son-in-law and daughter-in-law (including adoptive relationships) and any trust, partnership or other bona fide estate-planning vehicle the only beneficiaries of which are any of the foregoing individuals or any private foundation or fund that is controlled by any of the foregoing individuals or any donor-advised fund of which any such individual is the donor.

  • Officers Certificate” means a certificate signed on behalf of the Company by two Officers of the Company, one of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company, that meets the requirements of Section 12.05 hereof.

  • OHIO RESIDENTS The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

  • Persons with Special Needs means Person with special needs as defined in Section 420.0004(13), F.S.