Examples of Gross household income in a sentence
The monthly charge so determined shall be subject to change to reflect increases or decreases in the Household’s Gross Household Income and composition, as reported to the Housing Provider in accordance with this Agreement.
Monitoring and analysis of the Gross Household Income of the Housing Providers' Assisted Households will be completed annually and may include, but may not be limited to, the use of CMHC's Housing Income Limits3.
Occupants (defined above) pay Rent-Geared-to-Income (RGI) Housing Charges based on a range of twenty-five percent (25%) to thirty percent (30%) of their total Gross Household Income (as defined in Schedule “E”).
The calculation of the Initial Amount of Rental Assistance is based on information provided in the Annex and takes into account the Gross Household Income.
If the Guaranteed Rental Assistance Amount is insufficient to bridge the gap between the applicable Occupancy Charges and the charges payable by Assisted Households, assuming a Rent-Geared-to- Income ratio of thirty per cent (30%) of Gross Household Income, the Guaranteed Rental Assistance Amount will be revised based on recent calculation worksheets submitted by the Housing Provider and based on a review by CMHC or its representative of the calculation worksheets submitted by the Housing Providers.