Economic Security Sample Clauses
Economic Security. Is the development of a sufficient scale to provide economic security to residents? The proposed development includes a variety of unit types within two distinct types of housing as noted in Section 1.0 of this letter. The intent is to provide a variety of housing options within the development to cater to senior citizens with varying lifestyle and economic needs. The multi unit dwelling does include a significant ratio of smaller 1-bedroom units that reduce interior maintenance burden on individuals, and add to certain residents economic sense of security as the reduced size assists in keeping these units at a more affordable price point. The development also includes various common amenities that residents can immediately access and utilize without having to pay additional cost that typically come these types of activities outside the development. Also having these amenities within the development, as well as a variety of amenities within close walking distance of the development, reduces transportation/travel costs for individuals or may eliminate the need to own a car and the cost burden that comes with it.
Economic Security. 30.4.2 A beneficiary unit is entitled to the total of the amounts calculated in accordance with the present Sub-Section if the total outside income of the beneficiary unit does not exceed an amount equivalent to thirty-five thousand dollars ($35,000.00) per adult and two thousand dollars ($2,000.00) per dependent child. If the outside income exceeds the amount stipulated above, the total amount of benefits that would be payable to the beneficiary unit in accordance with the calculation under the present Sub-Section is reduced by an amount equivalent to the one of outside income in excess.
30.4.3 For the purposes of this Sub-Section, the words “outside income” shall not refer to amounts received by the beneficiary unit as benefits or as replacement benefits under Sub-Section 30.