Very Low Income means 30 percent or less of the median gross

Very Low Income means income that is 50 percent or less of the area median income.

Very Low Income means households earning less than 50 percent or less of AMI pursuant to Health and Safety Code section 50105.

Examples of Very Low Income in a sentence

Said deed of trust shall be secondary only to deeds of trust associated with acquisition or construction financing and to any regulatory agreement executed with a governmental agency for purposes of providing housing for Low Income Households and Very Low Income Households.
The Certification Letter shall specify the Very Low Income percentage for each individual project and shall be included in the fee waiver application prior to acceptance thereof.
In the event that a single-family Qualified Residential Project plans to sell or rent units both at market rate and for Very Low Income Households, the applicant shall submit a copy of the tentative or final subdivision or parcel map for said single-family Qualified Residential Project identifying all units for which a waiver is sought pursuant to this Section.
Security shall be required for fee waiver applications for the sole purpose of ensuring a method of recovery of those fees waived, in the event a residential development project fails to provide the percentages of Affordable Rents or Affordable Housing Costs for Very Low Income Households for which a fee waiver was sought.
The Board of Directors of the Sacramento Regional County Sanitation District desires to support the construction of residential projects which will provide units with Affordable Rents or Affordable Housing Costs for Very Low Income Households in the District’s service area.

More Definitions of Very Low Income

Very Low Income means Income not exceeding 50% of Median Income.

Very Low Income means having an income as defined in Section 50105 of the Health and Safety Code.

Very Low Income means individuals or families whose income is at or below 50% of the area median income as determined in accordance with Section 42(g) of the Code.

Very Low Income means households earning less than 50 percent of area median income pursuant to Health and Safety Code, section 50105.

Very Low Income means income which does not exceed 50% of the median income for the area, as determined by HUD, with adjustments for family size.

Very Low Income means income that is at or below 50% of the area median income as determined in accordance with Section 42(g) of the Code.

Very Low Income means families whose annual incomes do not exceed 50 percent of the median income for the area, as determined by HUD.