Low or moderate income housing means any housing whether built or operated by
Low or moderate income housing means housing which is designed to be affordable, taking into account avail- able financing, to individuals or fami- lies whose household income does not exceed 115 percent of the median in- come for the area, as determined by the Secretary with adjustments for smaller and larger families. The Sec- retary may approve a higher percent- age up to 140 percent.
Low or moderate income housing means any housing subsidized by the federal, state, or municipal government under any program to assist the construction or rehabilitation of housing as low or moderate income housing, as defined in the applicable federal or state statute, or local ordinance whether built or operated by any public agency or any nonprofit organization, or by any limited equity housing cooperative or any private developer, that will remain affordable for ninety-nine (99) years or such other period that is either agreed to by the applicant and town but shall not be for a period of less than thirty (30) years from initial occupancy through a land lease and/or deed restriction or prescribed by the federal or state subsidy program but shall not be for a period less than thirty (30) years from initial occupancy through a land lease and/or deed restriction.xii
Examples of Low or moderate income housing in a sentence
Low or moderate income housing units in a project should not be readily identifiable as such.
More Definitions of Low or moderate income housing
Low or moderate income housing means housing for persons and families with low or moderate incomes, provided that the income limits for such persons and families shall be the same as those established by rule by the Illinois Housing Development Authority in accordance with subsection (g) of Section 2 of the Illinois Housing Development Act, as amended.
Low or moderate income housing or “LMIH” means as set forth in R.I Gen. Laws § 45-53-3(9), the Rhode Island Low and Moderate Income Housing Act.
Low or moderate income housing means housing that is affordable for a household with an aggregate annual income that is below 120% of the area median income.
Low or moderate income housing means housing for
Low or moderate income housing means any housing,
Low or moderate income housing means housing for persons and families with incomes within limitations prescribed by the Federal Department of Housing and Urban Development pursuant to Section 8 of the federal Housing and Community Development Act of 1937 as amended.
Low or moderate income housing means a residential structure or structures occupied by one or more low- or moderate-income families.