Eligible Income definition
Examples of Eligible Income in a sentence
As of the end of the Investment Period, the Recipient shall have used its CMF Award for Affordable Housing Activities resulting in Eligible Income Housing units in an amount that is no less than the amount set forth in Schedule 1 of this Assistance Agreement.
As of the end of the Investment Period, the percentage of all Eligible Income Housing units that are located in High Housing Need areas, as measured over the Recipient’s entire portfolio of all Eligible Income Housing units financed or supported by this CMF Award or associated Leveraged Costs, shall be no less than the percentage set forth in Schedule 1 of this Assistance Agreement.
No. of Bedrooms Rent Total Eligible Income (for Very Low Income Units) Size (Sq. Ft.) Total Number of Units: Percentage of Very Low Income Units: Number of Very Low Income Tenants commencing occupancy this month: [Form of] STATISTICAL REPORT TO ISSUER Reporting Period: , .
Upon termination of the Plan, no further deferrals of Eligible Income shall be permitted; however, earnings, gains and losses shall continue to be credited to Deferral Accounts in accordance with Article III until the Deferral Accounts are fully distributed.