We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Moderate Income Families definition

Moderate Income Families for Section 221(d)(3)-(d)(5) (Below Market Interest Rate) projects are persons or families whose annual incomes do not exceed 95% of Area Median Income.
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.
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.

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.

  • 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.

  • The amount of the cost-of-living allowance shall be determined and redetermined as pro­ vided below on the basis of the “ Consumer” Price Index for Moderate Income Families in Large Cities, New Series (All Items) Pub­ lished by the Bureau of Labor Statistics, U.

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

  • Any other person or persons who are heirs, legatees or devisees of the Lessee must demonstrate to the CLT's reasonable satisfaction that they meet the definition of Low or Moderate Income Families in Section 10.2 above, and if any such person is unable to do so, then such person shall not be entitled to possession of the Land in accordance with the provisions of this Lease, and the CLT shall be entitled to exercise its repurchase right as provided in this Article X.

  • Notwithstanding the foregoing, to ensure this Agreement does not adversely affect the economic viability of the project, the parties agree that the project may request a waiver from the local HUD Hub allowing the renting of vacant Units to families that do not meet the definition of Moderate Income Families.

  • 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.

  • Such price is designed to further the goals and purposes set forth in this Lease by helping to preserve the affordability of the Improvements to succeeding Low and Moderate Income Families while taking fair account of the investment of labor and capital by the Lessee.

  • After such date, as additional Units become vacant, such additional Units will be added to the pool of Affordable Units until Units that are occupied with families that meet the affordable test at occupancy (i.e. Moderate Income Families), together with vacant Units, equal the 30% requirement.

  • The housing units in the Project shall be used solely as housing for Moderate Income Families, except that no Current Member will be required to relocate on the basis of his or her income.


More Definitions of Moderate Income Families

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.

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.

  • Per capita income means the average for the most recent three years for

  • EPS means earnings per share.

  • Net Income (Loss) means, for any Person for any period, the aggregate of net income (or loss) of such Person and its Subsidiaries for such period, determined on a consolidated basis in conformity with GAAP.

  • 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.

  • Lower income household means a household having an income equal to or less than the

  • 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.

  • Peer Companies means the companies included in the Xxxxxxx 2000 on December 31, 2023. In the event of a merger, acquisition or business combination transaction of a Peer Company with or by another Peer Company, the surviving entity shall remain a Peer Company. In the event of a merger of a Peer Company with an entity that is not a Peer Company, or the acquisition or business combination transaction by or with a Peer Company, or with an entity that is not a Peer Company, in each case, where the Peer Company is the surviving entity and remains publicly traded, the surviving entity shall remain a Peer Company. In the event of a merger or acquisition or business combination transaction of a Peer Company by or with an entity that is not a Peer Company, a “going private” transaction involving a Peer Company or the liquidation of a Peer Company, where the Peer Company is not the surviving entity or is otherwise no longer publicly traded, the company shall no longer be a Peer Company. In the event of a bankruptcy of a Peer Company, such company shall remain a Peer Company.

  • Gross Income from Operations with respect to any Hotel Property for any period, without duplication, all income and proceeds (whether in cash or on credit, and computed on an accrual basis) received by a Group Member or Qualified Manager for the use, occupancy or enjoyment of such Hotel Property, or any part thereof, or received by a Group Member or Qualified Manager for the sale of any goods, services or other items sold on or provided from the such Hotel Property in the ordinary course of such Hotel Property’s operation, during such period including without limitation: (a) all income and proceeds received from any Lease, Operating Lease and rental of rooms, exhibit, sales, commercial, meeting, conference or banquet space within such Hotel Property, including net parking revenue, and net income from vending machines, health club fees and service charges; (b) all income and proceeds received from food and beverage operations and from catering services conducted from such Hotel Property even though rendered outside of such Hotel Property; (c) all income and proceeds from business interruption, rental interruption and use and occupancy insurance with respect to the operation of such Hotel Property (after deducting therefrom all necessary costs and expenses incurred in the adjustment or collection thereof); (d) all Awards for temporary use (after deducting therefrom all costs incurred in the adjustment or collection thereof and in Restoration of such Hotel Property); (e) all income and proceeds from judgments, settlements and other resolutions of disputes with respect to matters which would be includable in this definition of “Gross Income from Operations” if received in the ordinary course of such Hotel Property’s operation (after deducting therefrom all necessary costs and expenses incurred in the adjustment or collection thereof); and (f) interest on credit accounts, rent concessions or credits, and other required pass-throughs; but excluding, (i) gross receipts received by lessees, licensees or concessionaires of such Hotel Property; (ii) consideration received at such Hotel Property for hotel accommodations, goods and services to be provided at other hotels, although arranged by, for or on behalf of the Loan Parties or Qualified Manager; (iii) income and proceeds from the sale or other disposition of goods, capital assets and other items not in the ordinary course of such Hotel Property’s operation; (iv) federal, state and municipal excise, sales and use taxes collected directly from patrons or guests of such Hotel Property as a part of or based on the sales price of any goods, services or other items, such as gross receipts, room, admission, cabaret or equivalent taxes; (v) Awards (except to the extent provided in clause (d) above); (vi) refunds of amounts not included in Operating Expenses at any time and uncollectible accounts; (vii) gratuities collected by employees at such Hotel Property; (viii) the proceeds of any financing; (ix) other income or proceeds resulting other than from the use or occupancy of such Hotel Property, or any part thereof, or other than from the sale of goods, services or other items sold on or provided from such Hotel Property in the ordinary course of business; and (x) any credits or refunds made to customers, guests or patrons in the form of allowances or adjustments to previously recorded revenues.

  • Low-income family means "a family whose annual income does not exceed 80 percent of the median income for the area, as determined by HUD with adjustments for smaller and larger families, except that HUD may establish income ceilings higher or lower than 80 percent of the median income for the area on the basis of HUD's findings that such variations are necessary because of unusually high or low family incomes."

  • Multi-Family means a single residential connection to the public water system’s distribution system from which two or more separate dwelling units are supplied water.

  • Supplier Profit Margin means, in relation to a period or a Milestone (as the context requires), the Supplier Profit for the relevant period or in relation to the relevant Milestone divided by the total Call Off Contract Charges over the same period or in relation to the relevant Milestone and expressed as a percentage;

  • Revenue Growth means the percentage change in revenue (as defined in Statement of Financial Accounting Concepts No. 6, published by the Financial Accounting Standards Board) from one period to another.

  • 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.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • 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;

  • Non-Investment Personnel means any Employee that does not meet the definition of Investment Personnel as listed above.