Household annual income definition
Household annual income means the aggregate annual income of all persons over 18 years of age residing within the same household for a period of at least four months.
Household annual income means the aggregate annual income of all persons over 18 years of age residing in the same household.
Household annual income means the sum of all taxable incomes of persons forming a household, being the amount identified as taxable income on the most recent income tax return (line 260 of the income tax T1 General Form), of all the individuals 15 years and older that reside together in that Household in an Affordable Rental Unit;
Examples of Household annual income in a sentence
Household annual income at or below thirty percent (30%) of the median income for the area, as determined by HUD.
Household annual income at or below fifty percent (50%) of the median income for the area, as determined by HUD.
More Definitions of Household annual income
Household annual income means the sum of the total anticipated income for each Household member during the 12-month period commencing with the date of initial occupancy, as further described in Chapter 3 of this Guide.