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.
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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 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.
Sample 1

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.

  • Through our partnership with CGU Insurance, both MyState Financial and The Rock launched new insurance products including total and permanent disability, funeral and life insurance.With the Tasmanian and Central Queensland economies under pressure, tight cost control remained a priority.

  • 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.

  • 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.

  • The amount of the cost-of-living allowance shall be determined and redeter­ mined as provided below on the basis of the "Consumer's Price Index for Moderate Income Families in Large Cities, New Series (All Items) published by the Bureau of Labor Statistics, U.S. Department of Labor (1957-1959 • 100)" and referred to herein as the "Index".

  • 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.

  • 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.

  • 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.

  • 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 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.
Sample 1

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.

  • Comparison Group means a sample group of organisations providing Comparable supply of Services which consists of organisations which are either of similar size to the Supplier or which are similarly structured in terms of their business and their service offering so as to be fair comparators with the Supplier or which, are best practice organisations;

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance 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, 2017. 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 means, during any period, all sustainable income as reported on the financial statements delivered by Borrower in accordance with this Agreement, computed in accordance with GAAP, derived from the ownership and operation of the Property from whatever source during such period, including (i) Rents from Tenants that are in occupancy, open for business and paying full contractual rent without right of offset or credit, (ii) utility charges, (iii) escalations, (iv) forfeited security deposits, (v) interest on credit accounts, (vi) service fees or charges, (vii) license fees, (viii) parking fees, (ix) rent concessions or credits, (x) income from vending machines, (xi) business interruption or other loss of income or rental insurance proceeds, (xii) other required pass-throughs and (xiii) interest on Reserve Funds, if any, but excluding (i) Rents from month-to-month Tenants, Tenants during a free-rent period, or Tenants that are included in any Bankruptcy Action, (ii) sales, use and occupancy or other taxes on receipts required to be accounted for by Borrower to any Governmental Authority, (iii) refunds and uncollectible accounts, (iv) sales of furniture, fixtures and equipment, (v) Insurance Proceeds (other than business interruption or other loss of income or rental insurance), (vi) Awards, (vii) unforfeited security deposits, (viii) utility and other similar deposits and (ix) any disbursements to Borrower from the Reserve Funds, if any. Gross income shall not be diminished as a result of the Security Instrument or the creation of any intervening estate or interest in the Property or any part thereof.

  • 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, 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;

  • 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.

  • Industry Classification Group means (a) any of the classification groups set forth in Schedule 1.01(c) hereto, together with any such classification groups that may be subsequently established by Moody’s and provided by the Borrower to the Lenders, and (b) up to three additional industry group classifications established by the Borrower pursuant to Section 5.12.

  • 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;