Maximum Household Income Limit definition

Maximum Household Income Limit means the maximum Annual Family Income permitted by the Program of an Eligible Mortgagor, determined pursuant to Section 4.08 hereof, as may be modified from time to time by the Authority.
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Maximum Household Income Limit means the amount specified as such as set out in Exhibit H-1 attached hereto, which may be unilaterally revised from time to time by the Authority.
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Examples of Maximum Household Income Limit in a sentence

  • As you will see in reviewing the chart, we have taken the Maximum Household Income Limit for the Single Family Program and projected it with a 5% annual growth rate.

  • If the Eligible Borrower’s income is at or below this adjusted amount at the time of resale, the Eligible Borrower pays no recapture tax! Since our typical borrower’s Annual Household Income is well below the Maximum Household Income Limit, it would require an Eligible Borrower to realize significant increases (7% - 15% or greater) annually before exceeding the limit.

  • We believe that, in most cases, the Eligible Borrower will not have to pay a recapture tax because his or her Annual Household Income likely will not exceed the Maximum Household Income Limit at the time of resale.

  • The Eligible Borrower’s Annual Household Income must not exceed the Maximum Household Income Limit shown in Schedules III and IV.

  • AnalysisUnder California water law, an older water right has a priority over a newer water right and if there is inadequate water to meet both water rights, the junior water right holder must suspend its use of water so that the senior water right holder may utilize their full right.

  • Please note that the Maximum Household Income Limit varies depending on the county in which the residence is located and whether the residence is located within a Targeted Area.

  • If the Eligible Borrower’s income does not exceed the applicable Maximum Household Income Limit, you need to do nothing more.• If the elective deferred income causes the Eligible Borrower to exceed the Maximum Household Income Limit, then the Eligible Borrower should obtain from his or her plan administrator a copy of the section from the plan document that provides for any restrictions governing withdrawals from the plan.

  • The Tax Code requires the Authority to set the Maximum Household Income Limit at the following percentages of the median household income for the area of the State in which the Eligible Borrower intends to reside: Household Size ofOne (1) or two (2)Three (3) or more Targeted Areas120%140%Non-Targeted Areas100%115% NOTE: HUD issues revised figures periodically and generally on an annual basis.

  • The prospective Eligible Borrower’s Annual Household Income at the time of the Closing of the Mortgage Loan exceeds the applicable Maximum Household Income Limit.

  • In other words, both Eligible Borrower and his or her spouse must be First-Time Homebuyers and have a combined Annual Household Income within the applicable Maximum Household Income Limit.

Related to Maximum Household Income Limit

  • Household income means the combined income of the members

  • Gross household income means gross income of a household as those terms are defined in rules of the authority.

  • 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.

  • Bag limit means the maximum number of game animals, game

  • 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.

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Daily Maximum Limit means the maximum allowable discharge of a pollutant during a calendar day. Expressed as units of mass, the daily discharge is cumulative mass discharged over the course of the day. Expressed as a concentration, it is the arithmetic average of all measurements taken that day.

  • Maximum Applied Water Allowance (MAWA) means the upper limit of annual applied water for the established landscaped area as specified in Section 492.4. It is based upon the area's reference evapotranspiration, the ET Adjustment Factor, and the size of the landscape area. The Estimated Total Water Use shall not exceed the Maximum Applied Water Allowance. Special Landscape Areas, including recreation areas, areas permanently and solely dedicated to edible plants such as orchards and vegetable gardens, and areas irrigated with recycled water are subject to the MAWA with an ETAF not to exceed 1.0. MAWA = (ETo) (0.62) [(ETAF x LA) + ((1-ETAF) x SLA)]

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Maximum allowable cost list means a list of drugs for