Low Income Rent definition

Low Income Rent means the maximum allowable rent for a Low Income Unit pursuant to Section 2.2(b) below.
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Low Income Rent means a monthly Rent amount not exceeding one- twelfth (1/12) of thirty percent (30%) of sixty percent (60%) of Median Income, adjusted for Assumed Household Size.
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Low Income Rent means the maximum allowable rent for a Low Income Unit pursuant to Section 2.2 below.
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Examples of Low Income Rent in a sentence

  • If, upon the annual certification of the income of a Tenant of an Extremely Low Income Unit, Developer determines that the income of the Tenant has increased above the qualifying limit for an Extremely Low Income Household, but not above the qualifying income for a Very Low Income Household, the Tenant may continue to occupy the Unit and the Tenant's Rent will remain at the Extremely Low Income Rent.


More Definitions of Low Income Rent

Low Income Rent means the rent allowed to be charged on the Low Income Units pursuant to Section 2.2(a) below.
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Low Income Rent has the meaning set forth in Section 2.2(c) below.
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Low Income Rent means the maximum allowable rent for a Unit occupied by a Low Income Household pursuant to Section 2.3(a) below.
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Related to Low Income Rent

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

  • Low-income household means a household with a total gross annual household income equal to 50 percent or less of the median household income.

  • Low-income unit means a restricted unit that is affordable to a low-income household.

  • Low-income housing means housing affordable according to

  • Low-income family means "a family whose annual income does not exceed 80 percent of the median income for the area, as determined by HUD with adjustments for smaller and larger families, except that HUD may establish income ceilings higher or lower than 80 percent of the median income for the area on the basis of HUD's findings that such variations are necessary because of unusually high or low family incomes."

  • Very low-income household means a household with a total gross annual household income equal to 30 percent or less of the median household income.

  • Low-income person means a person with a family income of not more than 60% of the statewide median gross income who is eligible to participate in the charitable nonprofit housing organization's program based on criteria established by the charitable nonprofit housing organization.

  • Very low-income unit means a restricted unit that is affordable to a very low-income household.

  • Low-Income Community ’ means any census block

  • Extremely low-income household means a single person,

  • Low-income individual means an individual who:

  • Net Load means the difference between the load of a given substance as calculated from a sample taken of the discharge and the load of the same substance in a sample taken at the intake which supplies water to given process. For purposes of this definition, samples that are taken to determine the net loading shall always be 24-hour composite samples made up of at least six increments taken at regular intervals throughout the plant day.

  • CAISO Revenues means the net amount resulting from (a) the credits and other payments received by Buyer, as Seller’s Scheduling Coordinator, as a result of test energy from the Project delivered by Seller during the Test Period, including revenues associated with CAISO dispatches and (b) the debits, costs, penalties and interest that are directly assigned by the CAISO to the CAISO Global Resource ID for the Project for, or attributable to, scheduling and deliveries from the Project under this Agreement, which amount may result in a negative or positive value.