Qualifying Rent means a monthly rent which does not exceed one-twelfth of thirty percent (30%) of the Applicable Income Level adjusted for household size, less a utility allowance, if any, specified by the Housing Authority of the City of Pittsburg.

Qualifying Rent means a monthly rent that does not exceed one-twelfth (1/12th) of the following, less a utility allowance and such other adjustments as required pursuant to California Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.): For Moderate-Income Households: 30% times 110% of Area Median Income, adjusted for family size appropriate for the unit. "Adjusted for family size appropriate for the unit" means the following: Studio units -one person One bedroom -two persons Two bedroom -three persons Three bedroom -four persons Four bedroom -five persons "Regulations" means Title 25 of the California Code of Regulations.

Examples of Qualifying Rent in a sentence

A tenant can obtain money from the Relocation Fund in the case of a Park Closure; Redevelopment of Park; Qualifying Rent Increase; Change in Age Restricted Community Use; or for Rehabilitation of a pre-HUD home in order to relocate home (for Rehabilitation purposes only, the home owner’s income must qualify).
The Restricted Unit, if it is rented, shall be rented at not more than Qualifying Rent and occupied by Eligible Households.
Rent charged to, and paid by, a tenant for Restricted Units shall be not more than the Qualifying Rent.
A dwelling unit shall qualify as “Rent-Restricted” if the gross rent charged for such unit does not exceed the Qualifying Rent for the applicable household income category as set forth in Exhibit B, as adjusted for assumed household size in accordance with California Tax Credit Allocation Committee (“TCAC”) guidelines.
She inquired if there was a motion to amend and appropriate the 2022-23 Park Amenities Fund Budget in the amount of$2,100, the Perpetual Care Fund Budget in the amount of $15,000 and the Wytheville EDA Fund in the amount of $8,000.

More Definitions of Qualifying Rent

Qualifying Rent means a monthly rent which does not exceed one-twelfth of 30% of the applicable income level set forth in Exhibit B.

Qualifying Rent means the maximum rent for an Assisted Unit allowed under this Loan Agreement and the Regulatory Agreement, less an allowance for tenant-paid Utilities as calculated by the City of Los Angeles subject to HUD rules and regulations, and is the consideration, including any bonus, benefits or gratuity, demanded or received by Borrower for or in connection with the use or occupancy of a rental unit, including parking, laundry facilities, and other housing services and amenities of any kind that are reasonably deemed as part of rent by the City. The following is not permissible: (a) additional service charges resulting in a rent amount above the maximum allowable rent set by this Regulatory Agreement and the Loan Documents; (b) contracts with other agencies resulting in rent payments on behalf

Qualifying Rent means a monthly rent that does not exceed one-twelfth (1/12th) the following, less a utility allowance and such other adjustments as required pursuant to California Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.): For Very Low-Income Households: 30% times 50% of Area Median Income, adjusted for family size appropriate for the unit. For Low-Income Households: 30% times 60% of Area Median Income, adjusted for family size appropriate for the unit. For Moderate-Income Households: 30% times 110% of Area Median Income, adjusted for family size appropriate for the unit.

Qualifying Rent means the maximum rent for an Assisted Unit allowed under the City Loan Agreement and this City Regulatory Agreement, less an allowance for tenant- paid Utilities as calculated by the City of Los Angeles subject to HUD rules and regulations, and is the consideration, including any bonus, benefits or gratuity, demanded or received by Owner for or in connection with the use or occupancy of a rental unit, including parking, laundry facilities, and other housing services and amenities of any kind that are reasonably deemed as part of rent by the City. The following is not permissible: (a) additional service charges resulting in a rent amount above the maximum allowable rent set by this City Regulatory Agreement and the other Loan Documents; and (b) contracts with other agencies resulting in rent payments on behalf of the tenant for more than the City Regulatory Agreement’s qualifying rent, unless the project is designated as a HUD project based rental assisted building or the contract is otherwise approved by LAHD. Notwithstanding the foregoing, nothing in this definition or the Loan Documents shall limit the Qualifying Rent to any amount less than may be collected in accordance with any contracted Section 8 rental payment and any associated tenant rent.

Qualifying Rent means the total annual charges for rent, utilities, and related services to each Very Low Income Household which shall not exceed thirty percent (30%) of fifty percent (50%) of median income for the Santa Xxxxxxx/Santa Xxxxx/Lompoc Primary Metropolitan Statistical Area as determined by HUD with adjustments for household size.