Income Restriction definition

Income Restriction means an additional qualification requirement that applies to Declarant and all subsequent owners of the Property. Any Qualified Owner must comply with the qualification requirement by earning at or below 80% of the Area Median Income for San ▇▇▇▇▇▇ County as determined by the most recently published U.S. Department of Housing and Urban Development’s Area Median Income guidelines.
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Examples of Income Restriction in a sentence

  • Total Annual Household Income from all Sources Current Income Limit per Family Size Household income at move-in Household size at move-in Household Meets Income Restriction Enter the number from item (L).

  • Unit Meets Federal Income Restriction Check the appropriate box for the income restriction that the household meets according to at what is required by the federal set-aside(s) for the project.

  • Unit Meets Deeper Targeting Income Restriction If your agency requires an income restriction lower than the federal limit, enter the percent Tenant Paid Monthly Rent Enter the amount the tenant pays toward rent (not including rent assistance payments such as Section 8).

  • Neither Party shall assign any right or obligation hereunder without first receiving the written consent of the other Party.

  • Signature Date Signature Date Signature Date Signature Date DETERMINATION OF INCOME ELIGIBILITY TOTAL ANNUAL HOUSEHOLD INCOME FROM ALL SOURCES From Item[K]: $ HOUSEHOLD SIZE AT MOVE-IN # Current Income Limit Per Family Size For Moderate Income Household $ Household Meets Income Restriction 🞎 Household Does Not Meet Income Restriction 🞎 Complete a separate line for each income-earning member.

  • ELIGIBILITY TOTAL ANNUAL HOUSEHOLD INCOME Unit Meets Federal FROM ALL SOURCES: Income Restriction at: From item (L) on page 1 $  60%  50% RECERTIFICATION ONLY: Current Federal LIHTC Income Limit x 140%: $ Unit Meets Deeper Targeting Income Restriction at: Current Federal LIHTC Income Limit per $  Other % Family Size: Household Income as of Move-in: Household Size at $ Househ Move-in: old Income exceeds 140% at recertification:  Yes No PART VI.