Very low income households definition

Very low income households means persons and families whose incomes do not exceed the qualifying limits for very low income families as established and amended from time to time pursuant to Section 8 of the United States Housing Act of 1937. These qualifying limits shall be published by the department in the California Code of Regulations as soon as possible after adoption by the Secretary of Housing and Urban Development. In the event the federal standards are discontinued, the department shall, by regulation, establish income limits for very low income households for all geographic areas of the state at 50 percent of area median income, adjusted for family size and revised annually.

Very low income households means persons and families whose gross annual household incomes do not exceed the qualifying limits for very low income families as established and amended from time to time pursuant to Section 8 of the United States Housing Act of 1937, which qualifying limits are otherwise set forth in Section 6932 of Title 25 of the California Code of Regulations and are equivalent to fifty percent (50%) of Area Median Income, adjusted for family size and other adjustment factors by the United States Department of Housing and Urban Development.

Very low income households. Households which would qualify as Very Low Income Tenants.

Examples of Very low income households 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.

• 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.

• Only a Qualified Residential Project with a Certification Letter shall be eligible for waiver of any of those fees enumerated in Section 5.2.2. Said fees shall be waived in an amount proportional to the percentage of units affordable to Very Low Income Households.

More Definitions of Very low income households

Very low income households means households with annual incomes less than fifty (50) percent of median household income for the Santa Cruz PMSA. The definition of very low income households is used for State and Federally assisted programs and is included in the below average income household category for purposes of this ordinance. (Ord. 3002, 3329, 11/23/82; 3502, 3/6/84; 3802, 12/16/86; 3881, 5/87; 4081, 4425, 8/13/96; 4662 1,

Very low income households means Very Low Income Households whose Adjusted Income does not exceed fifty percent (50%) of Median Income for the Area as determined by the United States Department of Housing and Urban Development from time to time and as set forth in Health and Safety Code Section 50105.

Very low income households means persons and families whose gross annual household incomes do not exceed fifty percent (50%) of Area Median Income, adjusted for family size and other adjustment factors by HUD.

Very low income households means the same as defined in Section 50105 of the Health and Safety Code.

Very low income households. (Up to 50% AMI) means the households whose income does not exceed the very low income limits applicable to San Mateo County, as published and periodically updated by the State Department of Housing and Community Development.

Very low income households means and include: (i) very low income households as defined in the Tax Credit Rules and (ii) 30% AMI Very Low Income Households, (iii) 40% AMI Very Low Income Households, and (iv) 50% AMI Very Low Income Households. Very Low Income Households include Extremely Low Income households, as defined in the Tax Credit Rules.

Very low income households means households with incomes no greater than the maximum income for very low income households, as published annually by the City for each household size, based on United States Department of Housing and Urban Development (HUD) and the California Department of Housing and Community Development (HCD) income limits for San Mateo County.