Common use of Affordable Clause in Contracts

Affordable. The maximum rent, including tenant paid utilities, that may be charged so that such rent paid by a tenant is at or below 30% of the applicable Imputed Income Limit, based on the bedroom size of the Qualified Unit.

Affordable. The maximum rent, including rent charged plus tenant paid utilities, that may be charged so that such rent paid by a tenant is utilities are at or below 30% of the applicable Imputed Income Limit, based on the bedroom size of the Qualified Unit.