Lower income household definition

Lower income household means a household having an income equal to or less than the

Lower income household means a household having an income equal to or less than the greater of the following:

Lower income household means a person or family of Very Low or Lower Income, as these terms are defined by California Health and Safety Code Sections 50079.5 and 50105, that as of the date of this Agreement earns 80% or less of the current annual median income adjusted for family size for the San Bernardino County area.

Examples of Lower income household in a sentence

• Initial if applicable: Initials of Tenant Initials if Landlord Lower Income Household: The Tenant’s household: (i) has gross annual income not exceeding eighty percent (80%) of the San Diego County median, adjusted by household size; and (ii) after the first lease year, has gross annual income not exceeding one hundred percent (100%) of the San Diego County median, adjusted by household size.

• If upon recertification of an LI Unit Tenant’s Gross Income, Developer determines that such Tenant’s Gross Income has increased and exceeds the qualifying income for a Lower Income Household, then upon the expiration of such Tenant’s lease and following sixty (60) days’ notice, and if so permitted by local and state law, such tenant shall be required to vacate the unit and Developer shall rent the unit to a Lower Income Household to restore the affordability mix required by this Agreement.

• Developer covenants and agrees for itself, its successors and assigns, and any successor-in-interest to the Property or part thereof, that during the term of the Use Covenant, the Property shall remain available at an Affordable Cost to a Lower Income Household for a period of forty-five (45) years commencing upon recordation of the Deed.

• In addition, should a Tenant’s Gross Income exceed the qualifying income for a Lower Income Household, and should this section cause the Tenant’s Rent to exceed the requirements of this Agreement, Developer shall still be deemed in compliance with this Agreement until such time as Tenant is required to move out pursuant to this Agreement, at which point the Affordable Unit shall be rented as an LI Unit as needed to restore the affordability mix required by this Agreement.

• For a term of fifty-five (55) years commencing upon the Affordable Housing Occupancy Date, each LI Unit shall be rented at an LI Rent to (or if vacant, available for occupancy by) a Lower Income Household.

More Definitions of Lower income household

Lower income household means a household whose income does not exceed the low-income limits applicable to Alameda County, as defined in California Health and Safety Code section 50079.5 and published annually pursuant to Title 25 of the California Code of Regulations, Section 6932 (or its successor provision) by the California Department of Housing and Community Development.

Lower income household means a house- hold having an income equal to or less than the greater of the following:

Lower income household means a single person, family, or unrelated persons living together whose annual income adjusted for household size is more than fifty percent, but less than eighty percent, of the median income of the area of residence as determined by the United States Department of Housing and Urban Development.

Lower income household means a household having an income equal to or less than 80 percent of the median household income for the area as determined by the Housing and Community Services Department. In making the determination, the department shall give consideration to any data on area household income published by the United States Department of Housing and Urban Development.

Lower income household means a household having an income equal

Lower income household means a household with a Household Income that does not exceed the United States Department of Housing and Urban Development's annual determination for lower income households with incomes of approximately 80 percent of Area Median Income, adjusted for household size.

Lower income household means a household having an income equal to or less than 80