Income-Qualified Person definition

Income-Qualified Person means a person or group of persons whose household income does not exceed percent ( %) of the median household income for the applicable Standard Metropolitan Statistical Area or County as calculated and adjusted for household size from time to time by the U.S. Department of Housing and Urban Development (HUD) or any successor.

Income-Qualified Person means a person or group of persons whose household income does not exceed eighty percent (80%) of the median household income for the applicable Standard Metropolitan Statistical Area or County as calculated and adjusted for household size from time to time by the U.S. Department of Housing and Urban Development (HUD) or any successor.

Income-Qualified Person means a person or group of persons whose household income does not exceed percent ( %) of the median household income for the applicable Standard Metropolitan Statistical Area or County as calculated and adjusted for

Examples of Income-Qualified Person in a sentence

• The IHT may assign the Purchase Option to an Income-Qualified Person who then completes the purchase of the Improvements within the required period.

• The time permitted for the completion of the purchase may be extended by mutual agreement of CLT and Homeowner.Homeowner may recommend to CLT a prospective buyer who is an Income-Qualified Person and is prepared to submit Letters of Agreement and Attorney’s Acknowledgement indicating informed acceptance of the terms of this Lease.

• Owner shall only convey the Property to an Income-Qualified Person except as otherwise specifically permitted herein.

• A proposed buyer’s status as an Income-Qualified Person shall be verified in writing by County or a local Community Housing Development Organization in good-standing with HUD or a HUD-certified homebuyer counseling agency.

• In the event that the Property is transferred, whether voluntarily or involuntarily, by operation of law or otherwise, to anyone other than an Income-Qualified Person, during the term of this Agreement, Owner shall immediately pay to County the sum of $0,000.00 (the “Affordability Penalty”).

More Definitions of Income-Qualified Person

Income-Qualified Person means a person or group of persons whose household income does not exceed eighty percent (80%) of the median household income for the Springfield MA Metropolitan Statistical Area as calculated and adjusted for household size from time to time by the U.S. Department of Housing and Urban Development (HUD) or any successor and whose assets do not exceed the limits specified in the Guidelines for the Local Initiative Program of the Massachusetts Department of Housing and Community Development or any successor program.

Income-Qualified Person means a person or group of persons whose household income does not exceed eighty percent (80%) of the median household income for Xxxxx County as calculated and adjusted for household size from time to time by HUD.

Income-Qualified Person means a person or group of persons whose annual gross household income is equal to or less than 80% of the median household income for the applicable Standard Metropolitan Statistical Area or County as calculated and adjusted for household size from time-to-time by the U.S. Department of Housing and Urban Development (HUD) or any successor.

Income-Qualified Person means a person or group of persons whose household income does not exceed «Median_Income_words» percent («Median_Income_numb»%) of the median household income for San Xxxx County as calculated and adjusted for household size from time to time by the U.S. Department of Housing and Urban Development (HUD) or any successor.

Income-Qualified Person means a person or group of persons whose household income does not exceed

Income-Qualified Person means a person or group of persons whose household income does not exceed percent ( %) of the median household income for King County, Washington as calculated and adjusted for household size from time to time by the U.S. Department of Housing and Urban Development (HUD) or any successor.

Income-Qualified Person a person or group of persons whose household income does not exceed percent of the AMI for Xxxxx County as calculated and adjusted for household size from time to time by HUD or any successor agency that publishes the relevant indices.