Program Income Limits definition

Program Income Limits means the income limits for the Social Housing Rental Program and the Affordable Housing Rental Program, as set forth in Schedule “B” which may be revised or amended by MHRC from time to time.
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Program Income Limits to be used for determining Households In Need are related to household size as applied using the Suitable Accommodations described in "E”: For Geographic Area: WINNIPEG AREA Number of Bedrooms: Studio 1 2 3 4+ Program Income Limits: $23,000 $33,500 $43,000 $47,500 $57,500 Note: Households are to be reviewed annually to confirm eligibility requirements have been met. Should the Household’s gross Income (before taxes) exceed the Program Income Limits the Supplement will terminate and the occupant is responsible for the total monthly rental rate housing charge. From time to time, the Corporation has the right to increase the Program Income Limits and will notify the Owner in written form. Program Income Limits are reviewed annually and reported on the Manitoba Housing website xxx.xxx.xx.xx/xxxxxxx/xxx.xxxx
Sample 1
Program Income Limits to be used for determining Households In Need are related to household size as applied using the Suitable Accommodations described in "E”: Social Rent Supplement No. of bedroom Program Income Limits Monthly Rent Payment Studio Up to $25,500 (maximum) RGI 1 Up to $37,000 (maximum) RGI 2 Up to $46,000 (maximum) RGI 3 Up to $48,500 (maximum) RGI 4+ Up to $57,500 (maximum) RGI Affordable Rent Supplement Household Type Program Income Limits Monthly Rent Payment Household without children Up to $56,694 (maximum) Warm Base Rent Family Household (families with children or dependents) Up to $75,592 (maximum) Warm Base Rent Note: Households are to be reviewed annually to confirm eligibility requirements have been met. Should the Household’s gross Income (before taxes) exceed the Program Income Limits the Supplement will terminate and the occupant is responsible for the total monthly rental rate housing charge. From time to time, the Corporation has the right to increase the Program Income Limits and will notify the Owner in written form. Program Income Limits and the Warm Base Rent are reviewed annually and reported on the Manitoba Housing website xxx.xxx.xx.xx/xxxxxxx/xxx.xxxx
Sample 1

Examples of Program Income Limits in a sentence

  • The Program Income Limits are established annually by Manitoba Housing and are effective January 1 of each year.

  • Social Housing Rental Program Income Limits: Applicants to the Social Housing Rental Program must have incomes below the posted income limits.

Related to Program Income Limits

  • 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.

  • Number of Students Who Began the Program means the number of students who began a program who were scheduled to complete the program within 100% of the published program length within the reporting calendar year and excludes all students who cancelled during the cancellation period.