Examples of Very low income households in a sentence
The Required Affordable Units shall be maintained as rental units available at and rented to Extremely Low Income Households, 40% Very Low Income Households, 50% Very Low Income Households and Lower Income Households throughout the Required Covenant Period, as more particularly set forth in the City Developer CC&Rs.
In connection with the foregoing consent requirement, Developer acknowledges that City relied upon Developer’s particular expertise in entering into this Agreement and continues to rely on such expertise to ensure the satisfactory completion of all of the Improvements, and the marketing and rental of the Required Affordable Units to 40% Very Low Income Households, 50% Very Low Income Households and Low Income Households to afford the community a long-term, quality affordable housing resource.
The Required Affordable Units shall be available to and occupied by Extremely Low Income Households and, to the extent provided under Prescribed Income Levels, 40% Very Low Income Households, 50% Very Low Income Households and Lower Income Households, at Affordable Rent throughout the Required Covenant Period.
The City has committed that not less than 25% of the City’s NSP Funds allocation from HUD will be expended to benefit Very Low Income Households.
Developer is experienced in the construction, development, operation and management of high quality housing which is affordable to persons and families of Low to Moderate Income, including Very Low Income Households in Southern California.