Low-income definition

Low-income means the adjusted income for a Family which does not exceed 80 percent of the area median income.

Low-income means income equal to or less than 51 percent of the area median (adjusted by household size). “Moderate income” means income equal to or less than 80 percent of the area median (adjusted by household size). Applicable income limits are determined by HUD on an annual basis for all Oregon counties and metropolitan statistical areas.

Low-income means, with respect to any Tenant, an income level not exceeding 50% or 60% of Area Median Gross Income, as provided in Section 4b hereof, or such alternative income level as may be set forth in Appendix A.

Examples of Low-income in a sentence

• In carrying out its obligations hereunder, Development Owner shall be entitled to rely upon information provided by the Department with respect to (i) income limits applicable to Lower Income Individuals and Families, Very Low Income Families and Extremely Low Income Families, (ii) the method for calculating the incomes of such individuals and families and (iii) the maximum rents which may be charged to such individuals and families pursuant to Section 6.5 hereof.

• The maximum monthly rent charged by Development Owner for HOME Match-Eligible Units occupied by Low-Income Families other than Very Low-Income Families and Extremely Low Income Families shall not exceed the limits determined by the applicable calculations required by HUD or the Department in accordance with 24 CFR §92.252(a), as may be amended or modified from time to time.

• District shall provide up to $215,388.00 dollars, not to exceed 80% of the final invoice purchase price or 90% of the final purchase price for projects located within State designated Disadvantaged Communities or Low Income Communities, to Participant to be used toward purchase of a new vehicle as specified in Exhibit B or a EVRP eligible new vehicle that meets or exceeds 0.20 g/bhp-hr NOX emission level (FEL and CERT values) and 0.01 g/bhp-hr PM (CERT value) and meets EVRP guideline requirements.

More Definitions of Low-income

Low-income means a household income that is less than or equal to 60% of the AMI for the area in which a Project is located.

Low-income means any person or persons whose actual individual or family income is not more than 125 percent of the poverty guidelines issued annually by the Department of Health and Human Services (DHHS) in accordance with Section 507(2) of the Older Americans Act.

Low-income means income that does not exceed eighty percent of the median income for the standard metropolitan statistical area in which the private market rental unit is located; and

Low-income means families whose annual incomes do not exceed 80 percent of the median income for the area, as determined by HUD. An individual does not qualify as a low-income family if the individual is enrolled as a student at an institution of higher education; is under 24 years of age; is not a veteran of the United States military; is unmarried; does not have a dependent child; and is not otherwise individually low-income or does not have parents who qualify as low-income.

Low-income. (SIP) means any person or persons whose actual individual or family income is not more than 125 percent of the poverty guidelines issued annually by the U.S. Department of Labor in accordance with Section 507(2) of the Older Americans Act.

Low-income means household incomes as defined by the

Low-income means an individual who currently (at the time of licensing) lives in a household with household income that is less than eighty percent (80%) of the current fiscal year median family income for the county of residence, as determined by the United States Department of Housing and Urban Development or its successor agency.1 2