Examples of Area Median Gross Income in a sentence
In the event the unit will no longer be occupied by a Resident Manager, the Recipient shall then make the unit available to persons or families whose incomes, at the time of initial occupancy, does not exceed 60% of the Area Median Gross Income as determined in accordance with the Statute (Qualifying Tenant).
Qualified Census Tract (QCT): Low-Income Housing Tax Credit Qualified Census Tracts must have 50 percent of households with incomes below 60 percent of the Area Median Gross Income (AMGI) or have a poverty rate of 25 percent or more.
In the event the unit will no longer be occupied by a Resident Manager, Recipient shall then make the unit available to persons or families whose incomes, at the time of initial occupancy, does not exceed 60% of the Area Median Gross Income as determined in accordance with the Statute (Qualifying Tenant).
Studio, 1-Bedroom; 2-Bedroom; 3-Bedroom; 4-Bedroom; 5-Bedroom APPENDIX A ADDITIONAL USE RESTRICTIONS Housing Type Large Family Senior SRO Special Needs At-Risk Non-targeted Average Income Target Throughout the Compliance Period, unless otherwise permitted by TCAC, Units must be occupied by Tenants such that the average income of Tenants is at or below of Area Median Gross Income, and, such Units shall be Rent-Restricted in accordance with such income level.
Census Tracts must have 50 percent of households with incomes below 60 percent of the Area Median Gross Income (AMGI) or have a poverty rate of 25 percent or more.