Low and moderate income housing definition

Low and moderate income housing means housing financed by bond issues authorized under this act, by federally-aided mortgages as defined in section 11(c), or by other programs directed toward providing housing within the financial means of low and moderate income families as the authority shall determine.
Low and moderate income housing means housing financed by bond issues authorized under this act, by federally-aided mortgages as defined in section 11(c), or by other programs directed toward providing
Low and moderate income housing means any residential premises, or part thereof, affordable according to Federal Department of Housing and Urban Development or other recognized standards for home ownership and rental costs occupied or reserved for occupancy by households with a gross income equal to 80% or less of the median gross household income for households of the same size within the housing region in which the housing is located, but shall include only those residential premises subject to resale controls pursuant to contractual guarantees.

Examples of Low and moderate income housing in a sentence

  • July 29, 1970.125.1454 Low and moderate income housing; agreements for services of selection of eligible families and individuals.Sec.

  • July 7, 1979.Compiler's note: For transfer of Michigan state housing development authority from Michigan strategic fund to department of talent and economic development, see E.R.O. No. 2014-6, compiled at MCL 125.1995.125.1452 Low and moderate income housing; dwelling units to certain low income persons and families.Sec.

  • Low and moderate income housing units will comply with standards established in the Uniform Housing Affordability Controls, N.J.A.C. 5:80-26.1 et seq.

  • Low and moderate income housing should not be concentrated within particular areas of the City.

  • Low and moderate income housing units shall be built and occupied prior to, or simultaneous with, the construction and occupancy of market rate units.

  • Low and moderate income housing owned by a nonprofit or a local housing authority.

  • Low and moderate income housing units shall be built and occupied prior to, or simultaneous with the construction and occupancy of market rate units.

  • Parameters of the model of circular rotation of the ionized gas turn out to be the following: at r = 2jj−3jj PAdyn ≈ 50◦ and the inclination to the plane of the sky is idyn ≈ 50◦; while in the region from 15jj to 20jj PAdyn changes from 120◦ to 130◦ and idyn ≈ 60◦.For the central region of NGC 7465, velocity fields in all emission lines were constructed on the basis of the MPFS data.

  • Part 24Community development, Credit, Investments, Low and moderate income housing, National banks, Reporting and recordkeeping requirements, Rural areas, Small businesses.Part 32 National banks, Reporting and recordkeeping requirements.

  • Low and moderate income housing for ownership and rental units shall be based on the regional market for Algoma District as the market applies to the lowest 60% of income distribution for homeowners and renter households respectively.


More Definitions of Low and moderate income housing

Low and moderate income housing means housing as defined in the federal Low
Low and moderate income housing means housing as defined in chapter 53 of this
Low and moderate income housing means any housing whether built or operated by any public agency or nonprofit organization or by limited equity housing cooperative or any private developer, that is subsidized by a federal, state or municipal government subsidy under any program to assist the construction or rehabilitation of housing affordable to low or moderate income households as defined in the applicable federal or state statute, or local ordinance and that will remain affordable through a land lease or deed restriction for ninety- nine years or such other period that is either agreed to by the applicant and the town or prescribed by the federal, state or municipal government subsidy program but that is not less than thirty (30) years from initial occupancy.
Low and moderate income housing means any housing subsidized by the federal, or state, or municipal government under any program to assist the construction or rehabilitation of housing as low or moderate income housing, as defined in the applicable federal public agency or any nonprofit organization, or by any limited equity housing cooperative or any private developer, that will remain affordable for ninety-nine (99) years or such other period that is either agreed to by the applicant and town but shall not be for a period of less than thirty (30) years from initial occupancy through a land lease and/or deed restriction or prescribed by the federal or sate subsidy program but shall not be for a period less than thirty (30) years from initial occupancy through a land lease and/or deed restriction.
Low and moderate income housing means housing as defined in chapter 45-53 as
Low and moderate income housing means any residential premises, or part thereof, affordable according to Federal Department of Housing and Urban Development or other recognized standards for home ownership and rental costs occupied or reserved for occupancy by households with a gross Income equal to 80% or less of the median gross household income for households of the same size within the housing region in which the housing is located, but shall include only those residential premises subject to resale controls pursuant to contractual guarantees. "Resident of the State of New Jersey" means any claimant who is legally domiciled in this State when the transfer of the subject property is made. Domicile is what the claimant regards as the permanent home to which he intends to return after a period of absence. Proofs of domicile include a New Jersey voter registration, motor vehicle registration and driver's license, and resident tax return filing. 8. TRANSFERS OF NEW CONSTRUCTION "New construction" means any conveyance or transfer of property upon which there is an entirely new improvement not previously occupied or used for any purpose. On transfers of new construction, the words "NEW CONSTRUCTION" shall be printed clearly at the top of the first page of the deed, and an Affidavit by the grantor stating that the transfer is of property upon which there is new construction shall be appended to the deed. 9. REALTY TRANSFER FEE IS A FEE IN ADDITION TO OTHER RECORDING FEES The fee imposed under Chapter 49, P.L. 1968, as amended, is in addition to the usual recording fees imposed under Xxxxxxx 000, X.X. 0000, Xxxxxxx 0 (X. 00X: 4-4.1). The county recording officer is required to collect the Realty Transfer Fee at the time the deed is offered for recording/transfer. 10.

Related to Low and moderate income housing

  • Moderate income housing means housing occupied or reserved for occupancy by households with a gross household income equal to or less than 80% of the median gross income for households of the same size in the county in which the city is located.

  • Plan for moderate income housing means a written document adopted by

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.

  • Moderate Income means more than 50 percent but less than 80

  • Affordable Housing Cost means an amount satisfied by:

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • Moderate-income unit means a restricted unit that is affordable to a moderate-income household.

  • Channel migration zone (CMZ) means the area where the active channel of a stream is prone to move and this results in a potential near-term loss of riparian function and associated habitat adjacent to the stream, except as modified by a permanent levee or dike. For this purpose, near-term means the time scale required to grow a mature forest. (See board manual section 2 for descriptions and illustrations of CMZs and delineation guidelines.)

  • Affordable housing program(s means any mechanism in a municipal Fair Share Plan prepared or implemented to address a municipality’s fair share obligation.

  • Affordable Housing Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60 percent of area median income, as median income was most recently determined by the United States Department of Housing and Urban Development for the Minneapolis- St. Paul- Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • Local Exchange Routing Guide (LERG means the iconectiv Reference document used by Telecommunications Carriers to identify NPA-NXX routing and homing information as well as Network element and equipment designations.

  • Tube housing assembly means the tube housing with tube installed. It includes high-voltage and/or filament transformers and other appropriate elements when such are contained within the tube housing.

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Custom Local Area Signaling Service Features (CLASS Features) means certain Common Channel Signaling based features available to End Users, including: Automatic Call Back; Call Trace; Distinctive Ringing/Call Waiting; Selective Call Forward; and Selective Call Rejection.

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • InterMTA Traffic is: (a) traffic originated by a CMRS end user of ALLTEL in an MTA and terminated to an end user of MATC in another MTA; and (b) traffic originated by an end user of MATC in one MTA and terminated to an end user of ALLTEL in another MTA.

  • Affordability average means the average percentage of median income at which restricted units in an affordable housing development are affordable to low- and moderate-income households.

  • Indigenous Peoples Planning Framework or “IPPF” means the indigenous peoples planning framework for the Investment Program, including any update thereto, agreed between the Borrower and ADB and incorporated by reference in the FFA;

  • Paycheck Protection Program means loan program created by Section 1102 of the CARES Act.

  • InterLATA Traffic describes Telecommunications between a point located in a Local Access and Transport Area ("LATA") and a point located outside such area.

  • Operating Guidelines means the guidelines for the creation and redemption of Units of a class as set out in the schedule to each Participation Agreement as amended from time to time by the Manager with the approval of the Trustee, and where applicable, with the approval of HKSCC and the Conversion Agent, and following consultation, to the extent reasonably practicable, with the relevant Participating Dealers subject always, in respect of the relevant Operating Guidelines for a Participating Dealer, any amendment being notified in writing by the Manager in advance to the relevant Participating Dealer. Unless otherwise specified, references to the Operating Guidelines shall be to the Operating Guidelines for the relevant Sub-Fund applicable at the time of the relevant Application.

  • Workforce housing means housing for sale or rent with combined rental costs

  • Median household income (MHI) means the calculation computed by the U.S. Census Bureau - Income of Households - This includes the income of the householder and all other individuals 15 years old and over in the household, whether they are related to the householder or not. Because many households consist of only one-person, average household income is usually less than average family income. The median divides the income distribution into two equal parts: one-half of the cases falling below the median income and one-half above the median. For households and families, the median income is based on the distribution of the total number of households and families including those with no income. The median income for individuals is based on individuals 15 years old and over with income. Median income for households, families, and individuals is computed on the basis of a standard distribution.

  • Tuition pupil means a pupil of school age attending school in a district other than the pupil's district of residence for whom tuition may be charged to the district of residence. Tuition pupil does not include a pupil who is a special education pupil, a pupil described in subsection (6)(c) to (o), or a pupil whose parent or guardian voluntarily enrolls the pupil in a district that is not the pupil's district of residence. A pupil's district of residence shall not require a high school tuition pupil, as provided under section 111, to attend another school district after the pupil has been assigned to a school district.

  • Shadow tray means a device attached to the radiation head to support auxiliary beam blocking material.