Qualifying Unit means a residential accommodation that constitutes a part of the Property and contains separate and complete living facilities that are occupied by, or designated to be occupied by, a Low- to Moderate-Income Household or an Extremely Low-Income Household in accordance with the Contract.
Qualifying Unit means a residential accommodation that constitutes a part of the Property and contains separate and complete living facilities that are occupied by or designated to be occupied by a Low- to Moderate-Income Household or an Extremely Low-Income Household in accordance with the Contract.
Qualifying Unit means a Unit occupied by or designated to be occupied by a Low- to Moderate-Income Household or an Extremely Low-Income Household in accordance with this Agreement.
Examples of Qualifying Unit in a sentence
During the Term, Developer will maintain the Property as affordable rental housing and will rent or hold available each Qualifying Unit for rental on a continuous basis to meet the occupancy requirements of this Agreement.
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.
More Definitions of Qualifying Unit
Qualifying Unit means an eligible unit that is rented by a tenant whose annual household income does not exceed the current upper second quintile established by Statistics Canada or the terms set forth in funding programs utilized by the property owner and offered by higher levels of Government, whichever is the lower.
Qualifying Unit means a Unit designated as [floating][fixed] pursuant to 24 CFR §92.252(j) that (i) is rented to either a Low Income Family, a Very Low Income Family, or an Extremely Low Income Family, and (ii) is used in complying with the occupancy requirements of Section VI of this Contract. A Qualifying Unit may also be designated as a HOME Match-Eligible Unit for purposes of match contribution requirement under 24 CFR §92.219.
Qualifying Unit means an eligible unit that is rented by a tenant whose annual household income does not exceed the current upper second quintile established by Statistics Canada.
Qualifying Unit means an emission unit that during normal operating conditions produces a consistent pattern of emissions.
Qualifying Unit means a Unit designated as [floating][fixed] pursuant to 10 TAC §13.10(b) that (i) is rented to an Extremely Low Income Family; and (ii) is used in complying with the occupancy requirements of Section VI of this Contract.]
Qualifying Unit. Intentionally deleted.
Qualifying Unit means a Unit designated as [floating][fixed] pursuant to 10 TAC §13.10(b) that (i) is rented to a Low Income Family, a Very Low Income Family, or an Extremely Low Income Family, and (ii) is used in complying with the occupancy requirements of Section VI of this Contract. A Qualifying Unit may, however, be designated by the Department as a HOME Match-Eligible Unit for purposes of the Department’s Match contribution requirement for the HOME Program under 24 CFR §92.219.][OR for Soft Repayment/deferred forgivable "Qualifying Unit" means a Unit designated as [floating][fixed] pursuant to 10 TAC §13.10(b) that (i) is rented to an Extremely Low Income Family, (ii) any Qualifying Units may not also receive tenant-based voucher or rental assistance to the extent that there are other available Units within the Development that the voucher-holder may occupy, (iii) may not be restricted to 30% AMI by another Department program or any other fund source (iv) is used in complying with the occupancy requirements of Section VI of this Contract.][OR for Supportive Housing a "Qualifying Unit" means a Unit designated as [floating][fixed] pursuant to 10 TAC §13.10(b) that (i) is rented to an Extremely Low Income Family; and (ii) is used in complying with the occupancy requirements of Section VI of this Contract.]