Eligible Person or Family definition

Eligible Person or Family means a person or family which is a Low Income Household and which also meets the City’s eligibility requirements regarding family size for the Home.
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Eligible Person or Family means a person or family which is a Person or Family of Moderate Income and which meets the City’s eligibility requirements regarding family size for the Project.
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Eligible Person or Family means (i) a person or family intending to principally and permanently reside as a household in a Residence, (ii) whose Annual Family Income does not exceed applicable Income requirements set forth in the Bond Guide, and (iii) who is a First-Time Homebuyer unless the Residence is located in a Targeted Area or unless the Homebuyer is a Qualified Veteran.
Sample 1

Examples of Eligible Person or Family in a sentence

  • Specifically, except as set forth in Section 6 herein, Owner may Transfer an Affordable Unit (i) only to an Eligible Person or Family and (ii) only if the Housing Cost does not exceed Affordable Housing Cost for the Eligible Person or Family and (iii) only if the Transfer has been approved in writing by the City in accordance with the provisions of Section 5, except when Section 7 applies.

  • These functions are necessary in light of the ongoing pressure on European defence budgets.

  • If such Transferee is not an Eligible Person or Family, this Transferee shall market the Affordable Unit for rental to an Eligible Person or Family and shall rent the Affordable Unit to an Eligible Person or Family until the Transferee desires to Transfer the Affordable Unit.

  • Equity subject to sharing shall be calculated by subtracting the Fair Market Value of the Affordable Unit at the time of the Owner’s acquisition of the Affordable Unit from the sales price for a sale to a Person or Family who is not an Eligible Person or Family (less Borrower's Closing Costs and “capital improvements” as such terms are defined herein).

  • Any Eligible Person or Family can apply for rental assistance and Supportive Services at any time providing there are funds available for these activities.❖ Housing Voucher Awards: Funds will be awarded on a first-come, first-served basis.

  • Application Status: An Eligible Person or Family who has previously completed a HOPWA application and is eligible for assistance but has experienced a lapse of a year or less, in HOPWA services needs only to update their family and income status in order to continue Supportive Services.

  • Borrower acknowledges that the Lender is relying upon the information provided by Borrower to determine that Borrower is an Eligible Person or Family, and Lender would not have entered into this Agreement if Borrower did not so qualify.

  • The outline business case has been approved by Welsh Government with a total project cost of £13m.

  • We've also signed a big deal with Live Nation, that's going to contribute a lot of volume as well.

  • If Habitat notifies such Transferee in writing that Habitat will not exercise the Habitat Purchase Option to purchase the Home, such Transferee shall market the Home for sale to an Eligible Person or Family in accordance with the provisions of paragraph 8 above.


More Definitions of Eligible Person or Family

Eligible Person or Family means a Moderate Income Household which has not had an ownership interest in residential real property at any time within the three years preceding the purchase of the Property.
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Eligible Person or Family means a Lower Income Household.
Sample 1

Related to Eligible Person or Family

  • Eligible Person means individuals, corporations, trusts, the estates of deceased individuals, partnerships and unincorporated associations of persons;

  • Ineligible Person shall include an individual or entity who:

  • Eligible Persons or “Households” means one or more natural persons or a family who pays 30 percent of their household income toward their monthly rent and is determined by Grantee to be eligible for rental assistance under this Agreement.

  • Eligible Family Member means a member of the Subscriber’s family that is or becomes eligible to enroll for coverage under this Plan as a Dependent.

  • Eligible Individual means any person who is an Employee, a Consultant or a Non-Employee Director, as determined by the Administrator.

  • Designated family member means any of the following:

  • Close Family Member means a parent, child or sibling who is not an immediate family member.

  • young person means a person who falls within the definition of qualifying young person in section 142 of the SSCBA.

  • natural person of a Party means a natural person who resides in the territory of that Party or elsewhere and who under the law of that Party:

  • Eligible Individuals means directors, officers, employees and consultants of the Company or any of its Subsidiaries or Affiliates, and prospective employees and consultants who have accepted offers of employment or consultancy from the Company or its Subsidiaries or Affiliates.

  • person of a Party means a national or an enterprise of a Party;

  • taxable person means any person who, independently, carries out in any place any economic activity, whatever the purpose or results of that activity.

  • juridical person of a Party means a juridical person which is either:

  • Other Stockholder means the persons that own Common Stock, other than the Participant.

  • Eligible Directors means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund’s Board eligible to vote on that Potential Co-Investment Transaction under Section 57(o) of the Act (treating any registered investment company or series thereof as a BDC for this purpose).

  • Other Stock Award means an award based in whole or in part by reference to the Common Stock which is granted pursuant to the terms and conditions of Section 6(d).

  • Family Member means spouse, father, mother, child, father-in-law, mother-in-law, daughter-in-law or son-in-law.

  • Prospective employee means an assessed individual who is anticipated to be hired upon completion of training.

  • Controlling Person With respect to any Person, any other Person who “controls” such Person within the meaning of the Securities Act.

  • Substitute employee is a person hired to perform the duties of a position in the temporary absence of the employee who is regularly assigned to that position.

  • Restricted Stock Bonus means Stock granted to a Participant pursuant to Section 8.

  • Company Control Person means each director, executive officer, promoter, and such other Persons as may be deemed in control of the Company pursuant to Rule 405 under the 1933 Act or Section 20 of the 1934 Act (as defined below).

  • Investment Person means all Portfolio Managers of Loomis Sayles and other Advisory Persons who assist the Portfolio Managers in making and implementing investment decisions for an Investment Company or other client of Loomis Sayles, including, but not limited to, designated Research Analysts and traders of Loomis Sayles. A person is considered an Investment Person only as to those client accounts or types of client accounts as to which he or she is designated by Personal Trading Compliance or the Chief Compliance Officer as such. As to other accounts, he or she is simply an Access Person.

  • Eligible Recipient means an employee, director or independent contractor of the Company or any Affiliate of the Company who has been selected as an eligible participant by the Administrator; provided, however, to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, an Eligible Recipient of an Option or a Stock Appreciation Right means an employee, non-employee director or independent contractor of the Company or any Affiliate of the Company with respect to whom the Company is an “eligible issuer of service recipient stock” within the meaning of Section 409A of the Code.

  • Participating Shares means shares that entitle their holders to participate without limitation in distributions.

  • Eligible Holder means a Limited Partner whose (a) federal income tax status would not, in the determination of the General Partner, have the material adverse effect described in Section 4.9(a)(i) or (b) nationality, citizenship or other related status would not, in the determination of the General Partner, create a substantial risk of cancellation or forfeiture as described in Section 4.9(a)(ii).