Workforce Resident definition

Workforce Resident means the person or persons occupying an Affordable Workforce Housing Unit earning in the aggregate no more than eighty percent (80%) of AMI or no more than sixty percent (60%) of AMI depending on the affordability requirement selected by Owner in Section 2 below. The published income limits will be adjusted by household size. The income limits and rent limits will be adjusted annually according to the HUD published limits.
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Workforce Resident means a person(s), who at the time of the execution of the applicable lease, has an income (adjusted for family size) that does not exceed 80% of the AMI for the Atlanta- ▇▇▇▇▇ Springs-Marietta, Georgia HUD Metro FMR Area (as published from time to time by the U.S. Department of Housing and Urban Development or otherwise meets the Tenant Qualifications.
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Workforce Resident means a person(s), who at the time of the execution of the applicable lease, has an income (adjusted for family size) that does not exceed 80% of the AMI for the Atlanta-Sandy Springs-Marietta, Georgia HUD Metro FMR Area (as published from time to time by the
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Examples of Workforce Resident in a sentence

  • Upon reasonable notice and at reasonable times, Owner will permit the City or its designee to inspect the books and records of Owner pertaining to each initials occupants’ income certifications of Workforce Resident tenants for the purpose of verifying compliance by Owner hereunder.

  • However, Owner may avoid non-compliance (on the basis of an existing Workforce Resident exceeding the Recertification Limit) if the next available Residential Rental Dwelling Unit of comparable size not counted as occupied by a Workforce Resident is rented to a Workforce Resident.

  • To be considered an Eligible Purchaser of an Affordable Workforce Housing Unit for sale (For Sale Dwelling), the individual or household must own and occupy the For Sale Dwelling as his, her or their principal residence, meets the definition of Workforce Resident, and comply with the Maximum Income limits stated herein.

  • To be considered an Eligible Tenant for rental of an Affordable Workforce Housing Dwelling Unit (Rental Dwelling), the individual or household must occupy the Rental Dwelling as his, her or their principal residence, meet the definition of Workforce Resident, and comply with the Maximum Income limits stated herein.


More Definitions of Workforce Resident

Workforce Resident means the person or persons occupying an Affordable Workforce Housing Unit earning an aggregate gross annual income at or below ninety (90%) percent Area Median Income (AMI) adjusted for household size as published by the U.S. Department of Housing and Urban Development (HUD) or otherwise determined by the City of Savannah Housing and Neighborhood Services Department (HNSD).
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