Low Income Units or “Set Aside Units” shall mean units which are rent restricted and set aside for tenants whose income does not exceed 50 percent, 60 percent or some lower percentage, whichever is elected, of Area Gross Median Income.
Low Income Units means the units in the Project required to be rented, or held available for occupancy, by Low Income Tenants pursuant to Sections 4(a) and 6(a) of this Regulatory Agreement.
Low Income Units means the units in the Project required to be rented to, or held available for occupancy by, Low Income Tenants pursuant to Sections 4(a), 4(b) and 6(a) hereof.
Examples of Low Income Units in a sentence
Subject to the provisions of Section 2.4 below, the Rent paid by Tenants of Extremely Low Income Units may not exceed the Extremely Low Income Rent.
More Definitions of Low Income Units
Low Income Units means residential rental units reserved for occupancy as defined in Section 42(i)(3)(A) of the Code.
Low Income Units means the 44 apartment units in the Apartment Housing that will be rented to low income tenants in compliance with Section 42 of the Code.
Low Income Units means the Units, which, pursuant to Section 2.1(c) below, are required to be occupied by Low Income Households.
Low Income Units means the Dwelling Units in the Project designated for occupancy by Low Income Tenants pursuant to Section 4(a) of this Regulatory Agreement.
Low Income Units means the units in the Project required to be rented, or held available for occupancy, by Low Income Tenants pursuant to the Regulatory Agreement.
Low Income Units means the Units, which are required to be occupied by Low Income Households.
Low Income Units means the Units that, pursuant to Section 2.1 below, are required to be occupied by Low Income Households.