Extremely Low Income Units definition

Extremely Low Income Units means the Units which, pursuant to Section 2.1(a) below, are required to be occupied by Extremely Low Income Households.
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Extremely Low Income Units means the Units, which are required to be occupied by Extremely Low Income Households.
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Extremely Low Income Units mean units set aside for Extremely Low Income households, as defined by the California Department of Housing and Community Development.
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Examples of Extremely Low Income Units in a sentence

  • Subject to the provisions of Section 2.4 below, the Rent paid by Tenants of Extremely Low Income Units may not exceed one-twelfth (1/12) of thirty percent (30%) of thirty percent (30%) of Median Income, adjusted for Assumed Household Size.


More Definitions of Extremely Low Income Units

Extremely Low Income Units means twenty (20) of the total ninety-six (96) dwelling units in the Development that are to be held for occupancy by one or more natural persons or a family whose adjusted household income is equal to or below the percentage of area median income for the county where the household is located, as set forth on the XXX County Chart attached hereto as Exhibit I.
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Extremely Low Income Units means the twenty-four (24) Affordable Units that are required to be rented to and occupied by Very Low Income Households.
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Extremely Low Income Units means the Units on the Property that are restricted to occupancy to Extremely Low Income Households.
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Extremely Low Income Units means the Units which, pursuant to Section 2.b below, are required to be occupied by Extremely Low Income Households.
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Related to Extremely Low Income Units

  • Extremely low-income household means a single person,

  • Low-income unit means a restricted unit that is affordable to a low-income household.

  • Very Low Income means income that is 50 percent or less of the area median income.

  • Very low-income household means a household with a total gross annual household income equal to 30 percent or less of the median household income.

  • Low-income person means a person with a family income of not more than 60% of the statewide median gross income who is eligible to participate in the charitable nonprofit housing organization's program based on criteria established by the charitable nonprofit housing organization.

  • Low-income family means "a family whose annual income does not exceed 80 percent of the median income for the area, as determined by HUD with adjustments for smaller and larger families, except that HUD may establish income ceilings higher or lower than 80 percent of the median income for the area on the basis of HUD's findings that such variations are necessary because of unusually high or low family incomes."

  • Low-income means the adjusted income for a Family which does not exceed 80 percent of the area median income.

  • Eligible low-income customer means a customer whose household income does not exceed 150% of the poverty level, as published by the United States Department of Health and Human Services, or who receives any of the following:

  • Low-income household means a household with a total gross annual household income equal to 50 percent or less of the median household income.

  • Low-income housing means housing affordable according to

  • Low-income households means households earning 80 percent or less of the countywide median income.

  • Low-Income Community ’ means any census block

  • Low-income individual means an individual who:

  • Low-income customer means a utility customer whose household income is at or below 200% of the Federal Poverty Level (FPL) and provides proof of meeting the eligibility requirement at the time of enrollment.

  • Class B Units means the Class B Units of the Company.

  • Below Investment Grade Rating Event means the rating on the Notes is lowered in respect of a Change of Control and the Notes are rated below Investment Grade by both Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which period shall be extended until the ratings are announced if during such 60 day period the rating of the Notes is under publicly announced consideration for possible downgrade by either of the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Repurchase Event hereunder) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Company in writing at its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event).

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Distributable Cash means all cash, revenues and funds received by the Company from Company operations, less the sum of the following to the extent paid or set aside by the Company: (i) all principal and interest payments on indebtedness of the Company and all other sums paid to lenders; (ii) all cash expenditures incurred in the operation of the Company’s business; and (iii) such Reserves as the Board deems reasonably necessary for the proper operation of the Company’s business.