Examples of Moderate income households in a sentence
The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the ninety-nine (99) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households.
The occupancy and maximum-rent requirements set forth herein shall inure to the benefit of Low- to Moderate-Income Households or Extremely Low-Income Households, and such requirements may be judicially enforced against Developer.
Developer shall designate, at a minimum, seventy-two (72) (51%) of the one hundred forty- one (141) total Units as Qualifying Units to be occupied by Low- to Moderate-Income Households.
The determination of whether the Annual Income of a family or individual occupying or seeking to occupy a Qualifying Unit complies with the requirements for Extremely Low-Income Households or Low- to Moderate-Income Households shall be made by the applicable housing authority in the CDBG-DR Program area prior to admission of such family or individual to occupancy of a Qualifying Unit.
Notwithstanding anything herein to the contrary, Developer must use, at a minimum, 51% of the total number of Units for affordable rental housing for Low- to Moderate-Income Households at the later of the time of occupancy of the Property or the time when funds are invested pursuant to the CDBG-DR Program in connection with the Property.