Housing Cost means the sum of actual or projected monthly payments for all of the following associated with for-sale target units: principal and interest on a mortgage loan, including any loan insurance fees, property taxes and assessments, fire and casualty insurance, property maintenance and repairs, homeowner association fees, and a reasonable allowance for utilities. Adjustments should be made as necessary for down payment assistance.
Housing Cost means:
Housing Cost means (a) the total monthly payments for rent and Utilities for Rental Affordable Units and (b) the total monthly mortgage payments, property tax, hazard insurance, if applicable, and condominium or homeowner fees for For Sale Affordable Units. HUD: means the United States Department of Housing and Urban Development.
Examples of Housing Cost in a sentence
Housing cost burden greater than 50% of income represents the greatest of housing problems.
More Definitions of Housing Cost
Housing Cost means the sum of actual or projected monthly payments for all of the following associated with for-sale target units: principal and interest on a mortgage loan, including any loan insurance fees, property taxes and assessments, fire and casualty insurance, property maintenance and repairs, home- owner association fees, and a reasonable allowance for utilities.
Housing Cost means home purchasers’ total housing cost including mortgage expenses, taxes and insurance, homeowner association dues, utilities, and an allowance for maintenance and repairs
Housing Cost means the sum of actual or projected monthly payments for all of the following associated with for-sale target units: principal and interest on a mortgage loan, property taxes and assessments, fire and casualty insurance, and homeowner association fees.
Housing Cost means the monthly mortgage principal and interest, property taxes and assessments, fire and casualty insurance covering replacement value of property improvements, property maintenance and repairs, a reasonable allowance for utilities, owner association fees, and space rent if the dwelling is situated on rented land.
Housing Cost means the sum of actual or projected monthly payments for all of the following associated with for-sale target units:
Housing Cost means (a) the total monthly payments for rent and Utilities for a Rental Affordable Unit, less any rental subsidies paid on behalf of the Qualified Tenant leasing that Rental Affordable Unit, or (b) the total monthly mortgage payments, property tax, hazard insurance, if applicable, and condominium or homeowner fees for a For Sale Affordable Unit. HUD: means the United States Department of Housing and Urban Development. Land Records: means the real property records for the City of Richmond, Virginia. Market-Rate Unit: is each Residential Unit that is not an Affordable Housing Unit. Maximum Allowable Rent: is defined in Section 4.3.2.
Housing Cost means, in the case of a rental unit, the cost of rent plus any utilities (electric, gas, water, sewer, and/or trash) that the household pays separate from the rent. Housing cost means, in the case of an ownership unit, the cost of principal, interest, property taxes (including assessments), private mortgage insurance, and homeowner’s insurance.