Shelter Rent definition

Shelter Rent means the total rents received from the commercial and residential occupants of the Exemption Area, including any federal subsidy (including, but not limited to, Section 8, rent supplements, and rental assistance), less the cost of providing to such occupants electricity, gas, heat and other utilities.

Shelter Rent means the rental or carrying charges established for occupancy in housing projects, exclusive of payments for taxes and charges for heat, light, water, cooking fuel, and other necessary utilities.

Shelter Rent means rent less any charges made by an authority for water, heat, gas and electricity.

Examples of Shelter Rent in a sentence

• HPD shall continue to certify Shelter Rent pursuant to § 33(1)(d) of the Private Housing Finance Law.

• One third of the total dollar amount recovered should be included in the LHA’s quarterly or year-end Operating Statement as Shelter Rent, account #3111, and two-thirds of this total dollar amount should be included in Other Revenue-Retained, account #3691.

• The Sponsor shall verify Annual Shelter Rent revenues to the City with a Statement of Profit and Loss of the Housing Development as reported to the Authority by an independent certified public accountant or such other form of financial documentation deemed suitable by the City.

• The benefits of the property tax exemption granted pursuant to this Ordinance shall be allocated by the Sponsor exclusively to occupants of the Housing Project in the form of reduced Annual Shelter Rent.

• Acting as the central coordinating agency in Los Angeles County for the federally funded Emergency Food and Shelter Rent Assistance Program and periodically other government rental assistance programs, Beyond Shelter processes requests for move-in assistance for Housing First clients as well as the clients of about 100 other organizations in Los Angeles County.

More Definitions of Shelter Rent

Shelter Rent means the total of all collections from residential tenants at the Property for dwelling rents, less (a) the cost paid to the providers thereof for dwelling utilities, and (b) the allocable cost for each dwelling of total heating costs for the residential portions of the Property.

Shelter Rent means the “the total of all charges to all tenants of a Project for dwelling rents and non-dwelling rents (excluding all other income of such Project), less the cost to the Housing Authority of all dwelling and non-dwelling utilities.”

Shelter Rent means the total rents received from the occupants of the Facility minus the cost of providing electricity, gas, heat and other utilities but shall not include (a) the cost of any insurance in connection with the Facility or (b) any utility or related costs incurred by any tenants or other occupants residing at the Facility.

Shelter Rent means the total rents received from the commercial and residential occupants of the Exemption Area, including any federal subsidy (including, but

Shelter Rent means the total rents received from the occupants of the Facility less the cost of providing to the occupants of the Facility electricity, gas, heat, and other utilities. Total rents shall include rent supplements and subsidies received from the federal government, the state or a municipality on behalf of such occupants, but shall not include (1) any rent subsidies from the government pursuant to section eight of the United States Housing Act of nineteen hundred thirty-seven, as amended, or (ii) interest reduction payments pursuant to subdivision (a) of section two hundred one of the Federal Housing and Urban Development Act of nineteen hundred sixty-eight.

Shelter Rent. Payment in Lieu of Tax shall mean the gross rents actually collected for the Facility (for student housing or affordable housing as per guidelines for income established by the U.S. Department of Housing and Urban Development) in a given calendar year minus utilities. The Payment in Lieu of Tax paid by the Company shall be ten percent (10%) of Shelter Rent provided the Facility is solely utilized for student housing or affordable housing.

Shelter Rent. Payment in Lieu of Tax shall mean the gross rents actually collected for the facility (for student housing or affordable housing as per guidelines for income established by the United State Department of Housing and Urban Development) in a given calendar year minus utilities. The PILOT paid by the company shall