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

  • For the first 40 years after a HSF loan or grant is provided, substantially all of the assisted units shall be rented to or owned by Low or Moderate Income Persons or Families, and not less than 25% of the assisted units shall be rented to or owned by Extremely Low Income Persons or Families unless the Department has made a determination at the end of the relevant fiscal year in accordance with the HSF III Legislation or M.G.L. c.

  • To encourage the development and preservation of rental housing for Low Income Persons or Families, the Board of Commissioners has established a Targeted Loan Fund from which, subject to certain limitations, the Corporation will make below-market rate loans to Housing Sponsors.

  • 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.

  • For the first 40 years after the HSF loan is provided, at least 50% of the units in the Project shall be rented to or owned by Low or Moderate Income Persons or Families, and of such 50% of housing units at least 50% (that is, 25% of the total housing units) shall be rented to or owned by Extremely 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.

  • For the first 50 years after a HSF loan or grant is provided, substantially all of the assisted units shall be rented to or owned by Low or Moderate Income Persons or families, and not less than 25% of the assisted units shall be rented to or owned by Extremely Low Income Persons or Families unless the Department has made a determination at the end of the relevant fiscal year in accordance with the HSF IV Legislation that it is not feasible to require 25% of assisted units to be so reserved.

  • 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.

  • 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.

  • For that portion of the housing project that is not restricted to occupancy by Low Income Persons or Families or which is occupied by other than Low Income Persons or Families, the Annual Service Charge shall be equal to the full amount of the ad valorem taxes which would be paid on that portion of the housing project if the housing project were not tax exempt.

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.

  • Low-income family means "a family whose annual income does not exceed 80 percent of the median income for the area, as determined by HUD with adjustments for smaller and larger families, except that HUD may establish income ceilings higher or lower than 80 percent of the median income for the area on the basis of HUD's findings that such variations are necessary because of unusually high or low family incomes."

  • 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 individual means an individual who:

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

  • Low-income household means a household with a total gross annual household income equal to 50 percent or less of the median household income.

  • Low-income households means households earning 80 percent or less of the countywide median income.

  • Very Low Income means income that is 50 percent or less of the area median income.

  • Very low-income household means a household with a total gross annual household income equal to 30 percent or less of the median household 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.

  • Low-Income Community means any area as defined in accordance with IRC § 45D(e).

  • Extremely low-income household means a single person,

  • Eligible low-income customer means a customer whose household income does not exceed 150% of the poverty level, as published by the United States Department of Health and Human Services, or who receives any of the following:

  • Extremely Low Income means a household income that falls at or below thirty percent (30%) of the AMI for the area in which a Project is located.

  • Below Investment Grade means, with respect to any Series of RVMTP Shares and as of any date, the following ratings with respect to each Rating Agency (to the extent it is a Rating Agency on such date):

  • Low-income unit means a restricted unit that is affordable to a low-income household.

  • Severe forms of trafficking in persons means— (1) Sex trafficking in which a commercial sex act is induced by force, fraud, or coercion, or in which the person induced to perform such act has not attained 18 years of age; or

  • Very low-income unit means a restricted unit that is affordable to a very low-income household.

  • Qualified low-income community investment or “QLICI” shall have the same meaning as set forth in IRC § 45D(d) and 26 C.F.R. Part 1.45D-1(d).

  • 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.

  • 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.

  • Individuals means the person(s) who is the subject of PHI and includes a person who qualifies as a personal representative in accordance with 45 CFR 164.502(g).

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

  • All sectors Central : National Treatment : Minimum capital used at commencement of the business under the Lists attached to the Foreign Business Act B.E. 2542 (1999) shall not be less than that prescribed in the Ministry of Commerce's regulations, which in no case shall be less than three million Baht. In all other cases, minimum capital used at the commencement of the business operation shall not be less than that prescribed by the Ministry of Commerce's regulations and shall in no case be less than two million Baht. : -Foreign Business Act B.E. 2542 (1999), as amended. -Ministry of Commerce's regulations, as amended. - Administrative guidelines.

  • Other forms of discipline means actions used in response to problem behaviors and behavioral violations, other than classroom exclusion, suspension, expulsion, or emergency expulsion, which may involve the use of best practices and strategies included in the state menu for behavior developed under RCW 28A.165.035.