Moderate-income household definition

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 household means a single person,

Moderate-income household means a single person, family,

Examples of Moderate-income household in a sentence

• The income certification form shall demonstrate that the prospective Initial Buyer is a Low or Moderate Income Household and that such person satisfies the eligibility criteria established for the relevant Affordable Housing Unit.

• Rather a household whose income exceeds the income limit for the income category under which the household initially qualified may continue in occupancy of the unit but shall be treated as the appropriate higher income category based on the actual increased income of the household (e.g. a household that initially qualifies as a Very Low Income Household may graduate to Low Income Household or Moderate Income Household status, as applicable, based on the increased income of the household.

• Owner shall not convey title to any For Sale Affordable Unit designated for Very Low Income Households to a Household that does not qualify as a Very Low Income Household, and Owner shall not convey title to any For Sale Affordable Unit designated for Moderate Income Households to a Household that does not qualify as a Moderate Income Household.

• If City is unable to verify the prospective purchaser's income as provided herein, then the prospective purchaser's income shall be deemed to exceed the maximum allowable income limit for a Very Low Income Household or Moderate Income Household, as the case may be.

• The Owner shall maintain a list of preliminarily pre-qualified households that may be income qualified to rent the Restricted Units When a Restricted Unit becomes available for rental to a new Eligible Household, Owner agrees to notify the City that a new Restricted Unit is available for rent, and identify what income level (i.e., Very Low Income Household, Low Income Household, Moderate Income Household, or Workforce Household) the available Restricted Unit is designated for.

More Definitions of Moderate-income household

Moderate-income household means a single person, family, or unrelated persons living together whose adjusted income is more than eighty percent but is at or below one hundred fifteen percent of the median family income adjusted for family size, for the county where the project is located, as reported by the United States department of housing and urban development. For cities located in high-cost areas, "moderate-income household" means a household that has an income that is more than one hundred percent, but at or below one hundred fifty percent, of the median family income adjusted for family size, for the county where the project is located.

Moderate-income household means a household with income less than or equal to 120 percent and greater than 80 percent of the area median income.

Moderate-income household means a single person, family, or unrelated persons living together whose adjusted income is more than eighty percent but is at or below one hundred fifteen percent of the median family income adjusted for family size, for the county, city, or metropolitan statistical area, where the project is located, as reported by the United States department of housing and urban development.

Moderate-income household means a household with a total

Moderate-income household means a single person, family, or unrelated persons living together whose adjusted income is at or below 120 percent of the median household income adjusted for household size, for the county where the household is located, as reported by the United States department of housing and urban development.

Moderate-income household means a household whose gross

Moderate-income household means a single person, family, or unrelated persons living together whose income is more than eighty percent but is at or below one hundred fifteen percent of the median income where the affordable housing is located.