Low Income Units. (i) At least of the Units[, which shall be in addition to any units provided for in (B) and (C) of this Paragraph 3,] shall be leased to Low Income Tenants (“Low Income Units”). The tenants’ portions of monthly rent as of [insert termination date of the program restriction] for the Low Income Units are set forth in Exhibit B, Current Schedule Rents annexed hereto and incorporated herein. Until [insert date 2 years from the date of initial notice of effective termination date under the curative notice provisions of 760 CMR 64.03 (5)], the tenant’s portion of rents may only be increased to the extent that rent increases would be permitted if the Project were still subject to the program and must follow the procedures for determining the amount of the increase, as required by the program.
Low Income Units. All of the Available Units in the Project shall be rented to and continuously occupied by households who qualify as Low-Income. The monthly rent charged for all the Low Income Units, shall not exceed one-twelfth (1/12) of the amount obtained by (a) multiplying thirty percent (30%) times sixty percent (60%) of the lower of City Median Income or the Median Income for the Area, (b) less the utility allowance. The monthly rent charged for all Low Income Units receiving the Section 8 subsidy shall be as determined by HUD pursuant to the HAP Contract.
Low Income Units. New tax-credit units will increase the City’s affordable housing stock and be available to qualifying low-income households earning up to 60% of AMI. Households will be selected per the policies and procedures of the Mayor’s Office of Housing and Community Development.
Low Income Units. At least _____ of the Units shall be leased to Low Income Tenants (“Low Income Units”). The tenants’ portions of monthly rent as of [insert termination date of the __________program restriction] for the Low Income Units are set forth in Exhibit B, Current Schedule Rents annexed hereto and incorporated herein. Until [insert date 2 years from the date of initial notice of effective termination date under the curative notice provisions of 760 CMR 64.03 (5)], the tenant’s portion of rents may only be increased to the extent that rent increases would be permitted if the Project were still subject to the ___________ program and must follow the procedures for determining the amount of the increase, as required by the ___________ program. In addition, for three (3) years beginning on [insert date 2 years from the date of initial notice of effective termination date under the curative notice provisions of 760 CMR 64.03 (5)], the tenant’s portion of rent for those tenants who are “protected low-income tenants” as defined in the Act on [insert date 2 years from the date of initial notice of effective termination date under the curative notice provisions of 760 CMR 64.03 (5)] may not be increased more than once annually by the amount permitted under M.G.L. c. 40T, § 7, (“Section 7”) as further detailed in such Regulations and guidance as may be issued by from time to time by DHCD to effectuate the purposes and implementation of such Section 7.
Low Income Units. The balance of the BMR Units constructed (except an unit to be occupied by a resident manager) shall be designated and rented to qualified Low- Income Households (household income at or below 60 percent of the AMI) at rents controlled by this Agreement.
Low Income Units. During the Term Developer shall cause Units to be rented to and occupied by or, if vacant, available for occupancy by, Low Income Households.
Low Income Units. Units in the Development, shall be rented to and occupied by or, if vacant, available for occupancy by Low Income Households.
