AMI Household(s) definition

AMI Household(s) means a household whose aggregate gross income equals 30% or less of AMI, as adjusted for family size. For purposes of this definition, “adjusted for family size” means the actual number of persons in the applicable household.
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Examples of AMI Household(s) in a sentence

  • The Project shall consist of 165 Units, all of which shall be Affordable Housing Units for Income-Qualified Households, provided that Units to be leased to 120% AMI Households may be used as Manager’s Units.

  • During the Term, two (2) studio units shall be made available for occupancy to Eligible Households that qualify as 30% AMI Households, the balance of the units shall be made avaible to Eligible Households.

  • DEVELOPER agrees to make available, restrict occupancy to, and rent all seven (7) of the HOME-assisted floating Housing Units to 50% AMI Households at an Affordable Rent (as those terms are defined herein).

  • DEVELOPER agrees to make available, restrict occupancy to, and rent two (2) of the PLHA-assisted Housing Units to 60% AMI Households and two (2) of the PLHA-assisted Housing Units to 120% AMI Households, all at an Affordable Rent (as those terms are defined herein).