Very Low Income Rent definition

Very Low Income Rent means the maximum allowable rent for a Very Low Income Unit pursuant to Section 2.2(a) below.
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Very Low Income Rent means the maximum allowable rent for Very-Low Income Unit pursuant to Section 2.2(a) below.
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Very Low Income Rent means the rent permitted to be charged for a Very Low Income Unit pursuant to Section 2.2(b) below.
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Examples of Very Low Income Rent in a sentence

  • Subject to Subsection (a) above, if, upon the annual certification of the income of a Tenant of a Very Low Income Unit, Borrower determines that the income of a Very Low Income Household has increased above the qualifying limit for a Very Low Income Household, but not above the qualifying income for a Low Income Household, the Tenant may continue to occupy the Unit and the Tenant's Rent will remain at the Very Low Income Rent.


More Definitions of Very Low Income Rent

Very Low Income Rent has the meaning set forth in Section 2.2(c) below.
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Very Low Income Rent means one-twelfth (1/12) of thirty percent (30%) of fifty percent (50%) of Median Income, adjusted for Assumed Household Size.
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Very Low Income Rent means the maximum rent published by TCAC for a Very Low Income Household in Contra Costa County for the applicable bedroom size.
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Related to Very Low Income Rent

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

  • Very low-income household means a household with a total gross annual household income equal to 30 percent or less of the median household income.

  • Low-income household means a household with a total gross annual household income equal to 50 percent or less of the median household income.

  • Low-income households means households earning 80 percent or less of the countywide median income.

  • Extremely low-income household means a single person,

  • Low-income unit means a restricted unit that is affordable to a low-income household.

  • Low-income means the adjusted income for a Family which does not exceed 80 percent of the area median income.

  • Low-income housing means housing affordable according to

  • Low-income family means "a family whose annual income does not exceed 80 percent of the median income for the area, as determined by HUD with adjustments for smaller and larger families, except that HUD may establish income ceilings higher or lower than 80 percent of the median income for the area on the basis of HUD's findings that such variations are necessary because of unusually high or low family incomes."

  • Eligible low-income customer means a customer whose household income does not exceed 150% of the poverty level, as published by the United States Department of Health and Human Services, or who receives any of the following:

  • Low-income customer means a utility customer whose household income is at or below 200% of the Federal Poverty Level (FPL) and provides proof of meeting the eligibility requirement at the time of enrollment.

  • Low-income person means a person with a family income of not more than 60% of the statewide median gross income who is eligible to participate in the charitable nonprofit housing organization's program based on criteria established by the charitable nonprofit housing organization.

  • Low-Income Community ’ means any census block

  • Low-income individual means an individual who:

  • Anticipated county property tax revenue availability means the

  • Peak flow rate means the maximum instantaneous flow from a given storm condition at a particular location.

  • Consolidated Non-cash Charges means, with respect to any Person for any period, the aggregate depreciation, amortization (including amortization of goodwill and other intangibles) and other non-cash expenses of such Person and its Restricted Subsidiaries reducing Consolidated Net Income of such Person and its Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP (excluding any such charges constituting an extraordinary item or loss).