Low or Moderate Income Persons definition

Low or Moderate Income Persons means persons irrespective of race, religion, creed, national origin or sex, determined by UHC from time to time to be eligible for such assistance as is made available by the Act on account of insufficient personal or family income.
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Low or Moderate Income Persons or Families shall mean persons or Families whose Annual Incomes do not exceed eighty percent (80%) of the Median Income for the Area, and shall also mean persons or Families meeting such lower income requirements as may be required under the Comprehensive Permit or any applicable Housing Subsidy Program. Low or Moderate Income Tenants shall mean Low or Moderate Income Persons or Families who occupy the Affordable Units. Mortgage shall mean the Construction Mortgage and/or the Permanent Mortgage. Permanent Lender shall mean the lender(s) making the Permanent Loan to the Developer, and its successors and assigns. Permanent Loan shall mean the Permanent Loan made or committed to be made by the Permanent Lender to the Developer after completion of construction of the Development, which will replace the Construction Loan, or any subsequent refinancing thereof in compliance with any specific terms of the Comprehensive Permit or any Housing Subsidy Program applicable to the Development. Permanent Mortgage shall mean the mortgage from the Developer to the Permanent Lender securing the Permanent Loan. Regulations shall have the meaning given such term in the Recitals hereof.
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Low or Moderate Income Persons means persons or families whose income is lower than limits established by MSHA for a particular Program, based on criteria determined by MSHA which may include without limitation market conditions, interest rates, availability of housing, geography, family size, and need.
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Examples of Low or Moderate Income Persons in a sentence

  • The Developer shall rent the Affordable Units during the Term hereof to Low or Moderate Income Persons or Families upon the terms and conditions set forth in the Comprehensive Permit and this Agreement.

  • Programs may offer financing for the reduction of lead hazards in Single Family Homes of Low or Moderate Income Persons.

  • Programs may offer financing for improvements which need to be made immediately for the safety and well-being of residents of Single Family Homes of Low or Moderate Income Persons.

  • Programs may finance improvements to the energy efficiency of Single Family Homes of Low or Moderate Income Persons.

  • Projects shall benefit Low or Moderate Income Persons as required by applicable laws, funding source restrictions, applicable Program Guides, and the Recipient’s commitments.

  • Programs may offer financing for accessibility rehabilitation to Single Family Homes of Low or Moderate Income Persons which will improve the quality of life of an existing resident who has a physical disability.

  • Programs may finance the replacement of Single Family Homes of Low or Moderate Income Persons with mobile, modular, or other Single Family Homes.

  • Based upon such allocation, MSHA shall make funds available for use on Single Family Homes of Low or Moderate Income Persons on terms and conditions established by MSHA consistent with applicable federal and state laws.

  • Programs may provide financing to make non-luxury improvements to Single Family Homes of Low or Moderate Income Persons.

  • MSHA may allocate funds for the improvement of Single Family Homes of Low or Moderate Income Persons in accordance with applicable federal and state laws.


More Definitions of Low or Moderate Income Persons

Low or Moderate Income Persons means persons eligible to occupy a housing development as established by the Authority, from time to time.
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Related to Low or Moderate Income Persons

  • Plan for moderate income housing means a written document adopted by

  • Moderate income means more than 50 percent but less than 80

  • Moderate income housing means housing affordable,

  • Moderate-income unit means a restricted unit that is affordable to a moderate-income household.

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.

  • COVID-19 Measures means any quarantine, “shelter in place,” “stay at home,” workforce reduction, social distancing, shut down, closure, sequester or any other Law, directive, guidelines or recommendations by any Governmental Authority (including the Centers for Disease Control and the World Health Organization) in each case in connection with, related to or in response to COVID-19, including the Coronavirus Aid, Relief, and Economic Security Act (CARES) or any changes thereto.

  • EPS means earnings per share.

  • Technique factors means the following conditions of operation:

  • Weighting with respect to an Underlying means the weighting in relation to the relevant Underlying as specified in the table in the definition of such Underlying.

  • Performance Indicators means the indicators for Project monitoring and evaluation set forth in the Operational Manual.

  • Matched Positions for CFD trading shall mean Long and Short Positions of the same Transaction Size opened on the Client Account for the same CFD.

  • Earnings Per Share means as to any Fiscal Year, the Company’s or a business unit’s Net Income, divided by a weighted average number of common shares outstanding and dilutive common equivalent shares deemed outstanding, determined in accordance with generally accepted accounting principles.

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.

  • Performance Factors means any of the factors selected by the Committee and specified in an Award Agreement, from among the following objective measures, either individually, alternatively or in any combination, applied to the Company as a whole or any business unit or Subsidiary, either individually, alternatively, or in any combination, on a GAAP or non-GAAP basis, and measured, to the extent applicable on an absolute basis or relative to a pre-established target, to determine whether the performance goals established by the Committee with respect to applicable Awards have been satisfied:

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.

  • Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.

  • Performance Indicator means a measure of HSP performance for which a Performance Target is set; technical specifications of specific Performance Indicators can be found in the MSAA Indicator Technical Specifications document;

  • Beer retailer means a business that:

  • Disposable income means that part of the income due and payable of any individual remaining

  • Performance Measures means measures as described in Article 12 on which the performance goals are based and which are approved by the Company’s shareholders pursuant to this Plan in order to qualify Awards as Performance-Based Compensation.

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies:

  • Program Income means gross in- come earned by the recipient that is di- rectly generated by a supported activ- ity or earned as a result of the award (see exclusions in § 215.24(e) and (h)). Program income includes, but is not limited to, income from fees for serv- ices performed, the use or rental of real or personal property acquired under federally-funded projects, the sale of commodities or items fabricated under an award, license fees and royalties on patents and copyrights, and interest on loans made with award funds. Interest earned on advances of Federal funds is not program income. Except as other- wise provided in Federal awarding agency regulations or the terms and conditions of the award, program in- come does not include the receipt of principal on loans, rebates, credits, dis- counts, etc., or interest earned on any of them.

  • Business Unit means the assets constituting the business or a division or operating unit thereof of any Person.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • Core Earnings means, with respect to any Person for any period, net income determined in accordance with GAAP of such Person and its consolidated subsidiaries and excluding (but only to the extent included in determining net income for such period) (i) non-cash equity compensation expense, (ii) the expenses incurred in connection with the formation of the Sponsor and the offering in connection therewith, including the initial underwriting discounts and commissions, (iii) acquisition costs from successful acquisitions (other than acquisitions made in the ordinary course of business), (iv) real property depreciation and amortization, (v) any unrealized gains or losses or other similar non-cash items that are included in net income for the current quarter, regardless of whether such items are included in other comprehensive income or loss, (vi) extraordinary or non-recurring gains or losses and (vii) one-time expenses, charges or gains relating to changes in GAAP; provided that Core Earnings shall, solely with respect to the Core Earnings attributable to any Non Wholly-Owned Consolidated Affiliate, only include the Consolidated Group Pro Rata Share of such attributable amount.