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. Households which would qualify as Very Low Income Tenants.

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.

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.

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, 12/15/87; 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 earning not greater than fifty percent (50%) of Median Income for the Area pursuant to Health and Safety Code Section 50105.