Moderate Income Families definition

Moderate Income Families for Section 221(d)(3) (Market Interest Rate) projects are persons or families whose annual incomes do not exceed 100% of Area Median Income.
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Moderate Income Families means those with a family income greater than 50 percent and less than or equal to 80 percent of median-family income.
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Moderate Income Families means families and individuals whose Annual Incomes do not exceed one hundred twenty percent (120%) of the Area Median Income, or such other NSP income limits as established by HUD or as otherwise determined by the Department.
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Examples of Moderate Income Families in a sentence

  • Throughout the Term, the Project shall be used solely as rental housing for Moderate Income Families, with no reduction in the number of residential units and no Current Tenant shall be required to relocate on the basis of his or her income.


More Definitions of Moderate Income Families

Moderate Income Families means families whose incomes are more than 80 percent but do not exceed 120 percent of the median income for the area, adjusted by family size, as determined by the Secretary of the U.S. Department of Housing and Urban Development.
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Related to Moderate Income Families

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

  • 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.

  • Moderate income housing means housing affordable,

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

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

  • 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.

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Non-profit making companies means companies set up under the Companies Act, 1956/Companies Act 2013.

  • EPS means earnings per share.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Birth family or "birth sibling" means the child's biological family or biological sibling.

  • Earnings from Operations for any period means net earnings excluding gains and losses on sales of investments, extraordinary items and property valuation losses, as reflected in the financial statements of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Matched Positions means Long and Short Positions of the same Transaction Size opened on the Trading Account for the same Instrument.

  • 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;

  • Investment Personnel means: (a) Portfolio Managers and other Advisory Persons who provide investment information and/or advice to the Portfolio Manager(s) and/or help execute the Portfolio Manager's(s') investment decisions, including securities analysts and traders; (b) any natural person in a control relationship to the Fund who obtains information concerning recommendations made to the Fund with regard to the purchase or sale of a security; and (c) certain other individuals as designated by the Compliance Officer.

  • Common profits means the balance of all income, rents, profits and revenues from the common areas and facilities remaining after the deduction of the common expenses;