Maximum income limits definition

Maximum income limits means the maximum regular income
Sample 1Sample 2Sample 3
Maximum income limits means the maximum regular income limits for 60% of area median income for the geographic area in which the multifamily building is located for multifamily programs as determined by the United States Department of Housing and Urban Development and published annually by the Illinois Housing Development Authority.
Sample 1Sample 2Sample 3
Maximum income limits means the maximum regular income limits for 60% of area median income for the geographic area in which the multifamily building is located for multifamily programs as determined by the United States Department of Housing and Urban Development and published annually by the Illinois Housing Development Authority. Number in HouseholdAffordable Unit Income Limit1$ 39,1802$ 44,7603$ 50,3404$ 55,9205$ 60,4206$ 64,920 • Tax Benefit: 25% of AV• Qualifying Activity: new construction or rehabilitation on or after 2015• Investment Threshold: $8 per square foot and improvement of two primary building systems• Term: 10 years with up to 2 renewals (time in Class 9 counts against)• Minimum building size: 7 units • Tax Benefit: 35% of AV• Qualifying Activity: new construction or rehabilitation on or after 2015• Investment Threshold: $12.50 per square foot and improvement of two primary building systems• Term: 10 years with up to 2 renewals (time in Class 9 counts against)• Minimum building size: 7 units • Tax Benefit: Reduction in assessed value equal to a percentage of the difference between the value of the property one year before the affordable units are occupied and post-construction assessed value• Qualifying Activity: new construction or rehabilitation in a “Low Affordability Community”• Investment Threshold: $60 per square foot and improvement of five primary building systems• Term: 30 years• Minimum building size: 7 units• Project Labor Agreement required prior to start of construction Did You Already Complete Your Required Expenditure?• If you’ve recently rehabbed or completed new construction, you may already meet the investment requirements!• Must otherwise meet all requirements and have completed rehab or new construction on or after January 1, 2015• Time under program is tolled however, by the date in which property placed in service • Applicant= Owner • The attachment link (if attachments are needed to list additional beneficiaries/officers/owners) is at the bottom of the page • Ifattachment needed, link is at bottom of page • The note modifies the succeeding section, not the drop down• Applicant must select new construction or rehabilitation • If the basis for special assessment is rehabilitation, complete this section
Sample 1

Examples of Maximum income limits in a sentence

  • Maximum income limits for all proposed senior projects shall be limited to a two-person household.

  • Additional Senior Requirements:• Demand for senior communities should be measured on appropriate minimum age classification.• Demand for senior communities that includes homeownership conversion should be conservative and take into account the ability, or lack thereof, of seniors to sell homes.• Maximum income limits for senior communities should be based on a maximum household size of two persons.

  • Maximum income limits for efficiency units or smaller one bedroom units may be based on less than two persons per household.• Underwriting (rent burden) percentage for senior communities may be different than general occupancy communities.

  • Maximum income limits (after adjustments):Single - $46,850 2 persons - $52,750 Preference to very low income.Rates:Rates are based on 30% of the residents' adjusted an- nual income.

  • Maximum income limits for efficiency units or smaller bedroom units may be based on less than two persons per household.

  • Maximum income limits for owner-occupants are $107,800 for one and two-person households and $123,900 for three or more persons.

  • Maximum income limits are established by the Department of Housing and Community Development according to median family income (MFI).

  • Maximum income limits for all proposed senior projects shall be limited to a two- person household.

  • Maximum income limits for efficiency units or smaller one bedroom units may be based on less than two persons per household.

  • Maximum income limits for efficiency units or smaller one bedroom units may be based on less than two persons per household. Underwriting (rent burden) percentage for senior communities may be different than general occupancy communities.

Related to Maximum income limits

  • 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

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Upper Limit means a specified maximum amount of costs which may be claimed under a Unit of Work, but which may be extended on application. An Upper Limit operates in the same way as a Costs Limitation;

  • Maximum Daily Limit means the maximum allowable "Daily Concentration" (defined above) when expressed as a concentration (e.g. mg/l), otherwise, it means the maximum allowable "Daily Quantity" as defined above, unless it is expressed as a flow quantity. If expressed as a flow quantity it means "Maximum Daily Flow" as defined in Section 22a-430-3(a) of the RCSA.

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Maximum Funds means the maximum Funds amount as set out in Schedule “B” (Specific Information).

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Maximum Stock Loan Rate As provided in Annex A to this Confirmation.

  • Expense Limit means the percentage of a Fund’s average annual net assets (on an annualized basis) set forth below. The current expense limitation agreement expires on the date specified, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time. Fund Limit on Other Expenses Expiration Date of Expense Limit Greater China Opportunities Fund 0.30% February 28, 2017 Value Equity Fund1 0.04% February 28, 2018 1 At the June 20-23, 2016 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, the contractual limit on other expenses (0.04%) for Value Equity Fund with an expiration date of February 28, 2018, effective July 1, 2016. APPENDIX G Fund Level Contractual Investment Management Fee Waivers The Adviser agrees to limit Jxxx Hxxxxxx Money Market Fund’s management fee to a maximum annual rate of 0.40% of the Fund’s average daily net assets. The limitation will continue until at least July 31, 2017.* * At the March 8-10, 2016 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, the extension of the expiration date (to July 31, 2017) of the management fee limitation, effective upon the current expiration date of July 31, 2016. The Adviser agrees to limit Jxxx Hxxxxxx Value Equity Fund’s management fee to a maximum annual rate of 0.66% of the Fund’s average daily net assets. The limitation will continue until at least February 28, 2018.* * At the June 20-23, 2016 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, the lowering of the advisory fee cap (to 0.66%) and the extension of the expiration date (to February 28, 2018) of the management fee limitation, each effective July 1, 2016. The Adviser agrees to limit Jxxx Hxxxxxx Government Income Fund’s management fee to a maximum annual rate of 0.53% of the Fund’s average daily net assets. The limitation will continue until at least September 30, 2017.* * At the June 20-23, 2016 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, the extension of the expiration date (to September 30, 2017) of the management fee limitation, effective upon the current expiration date of September 30, 2016. The Adviser agrees to reduce Jxxx Xxxxxxx Xxxx Fund’s management fee by an annual rate of 0.05% of the Fund’s average daily net assets. The reduction will continue until at least September 30, 2017.* * At the June 20-23, 2016 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, the extension of the expiration date (to September 30, 2017) of the advisory fee waiver, effective upon the current expiration date of September 30, 2016. The Adviser agrees to reduce Jxxx Hxxxxxx Enduring Assets Fund’s management fee by an annual rate of 0.20% of the Fund’s average daily net assets. The reduction will continue until at least February 28, 2018.* * At the June 20-23, 2016 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, the advisory fee waiver (0.20%) for Jxxx Hxxxxxx Enduring Assets Fund with an expiration date of February 28, 2018, effective July 1, 2016.

  • Maximum Legal Rate means the maximum nonusurious interest rate, if any, that at any time or from time to time may be contracted for, taken, reserved, charged or received on the indebtedness evidenced by the Note and as provided for herein or the other Loan Documents, under the laws of such state or states whose laws are held by any court of competent jurisdiction to govern the interest rate provisions of the Loan.

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.