Low Income Units definition

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

• 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).

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 Units, which are required to be occupied by Low Income Households.

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 Affordable Units, which, pursuant to Section 2.1(b) 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 that, pursuant to Section 2.1 below, are required to be occupied by Low Income Households.

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.