Examples of Housing Expense in a sentence
Monthly Income and Combined Housing Expense InformationGross Monthly IncomeApplicantCo-Applicant* Self Employed Applicant(s) may be required to provide additional documentation such as tax returns and financial statements.
If the property is a two- to four- unit property for which the applicant occupies one of the units as a principal residence, the monthly rental income should be listed as "net rental income." Combined Monthly Housing Expense: The present monthly housing expenses for the borrower and the co- borrower should be listed on a combined basis.
The Total Housing Expense for the *** Units will be limited to one-twelfth (1/12th) of thirty percent (30%)[if other units are at 50% of median income] the MTSP Limits Very Low Income limit, adjusted for family size [if the limit is other than 50%] ***% of area median gross income based upon the MTSP Limits, adjusted for family size.
The Total Housing Expense for the Sixty Percent Units will be limited to the lesser of one-twelfth (1/12th) of thirty percent (30%) of the of the MTSP Limits 60% limit , adjusted for family size, as established by HUD.
Compensation Categories: According to Dan Busby, “Minister’s Tax and Financial Guide,” the Pastor’s Compensation Package fits into four major categories; Salary, Housing, Expense Reimbursements, and Fringe Benefits.
Gross Monthly Income Borrower Co-Borrower Total Combined Monthly Housing Expense Present Proposed Base Empl.
An Affordable Unit’s contract rent shall not exceed the tenant’s maximum Housing Expense less a Utility Allowance, if applicable, and any other recurring expenses required by the Owner as a condition of rental.
As follows Monthly Housing Expense RatioThe monthly housing expense ratio compares the borrower’s projected total monthly housing expense with the borrower’s total monthly income.
Also, any Housing Expense Set-aside, as desired by each district superintendent or executive director shall be established in accordance with Sec.
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