Lower income families definition

Lower income families means families whose incomes do not exceed eighty percent of the median income for the area with adjustments for the size of the family or other adjustments necessary due to unusual prevailing conditions in the area, and includes but is not limited to very low income families.
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Lower income families are persons or families whose annual incomes do not exceed 80% of Area Median Income.
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Examples of Lower income families in a sentence

  • Lower income families (below $40 000) are out of the market completely; only at around $60 000 is there capacity to purchase, but then this applies only in outer suburbs and growth areas.

  • Lower income families will likely be subject to a flat dollar amount penalty.

  • In the event the resident’s income fluctuates and returns to a lower level and within the stated income limits, Housing Nantucket will reevaluate the resident’s household income and take appropriate action to make an adjustment to the rent according to the change in household income.

  • Lower income families tend to access after-­‐school opportunities that tend to be within school-­‐based settings and are often an extension of the school day with respect to the kind of learning that takes place.

  • Lower- income families may agree to in-home interviews but may be more likely to respond negatively to invitations that require more active participation to secure consent (like attending an information session at a specified venue) with no guaranteed return.

  • Lower income families are less likely to use early education and center-based care compared to higher income families (Coley et al., 2014).

  • Lower- income families are economically worse off now than a few years ago.The economic recession has had significant impact in New Hampshire and many people are struggling financially.

  • Lower income families find themselves saddled by monthly housing costs at an even higher rate.

  • Lower income families should benefit as visiting open space is a free activity everyone can do.

  • Lower income families spend more on basics (including food) and higher income families can afford a greater proportion on non-food items.

Related to Lower income families

  • Units serving lower income households means units that are occupied by lower income households at an affordable rent, as defined in section 50053 of the Health and Safety Code or, to the extent that the terms of federal, state, or local financing or financial assistance conflicts with section 50053, rents that do not exceed those prescribed by the terms of the financing or financial assistance. Effective October 13, 2017, pursuant to Revenue and Taxation Code section 214(g)(2)(A)(iii), a unit in a property that receives federal low income housing tax credits shall continue to be treated as occupied by a lower income household if the occupants were lower income households on the lien date in the fiscal year in which their occupancy of the unit commenced and the unit continues to be rent restricted, notwithstanding an increase in the income of the occupants of the unit to 140 percent of area median income (AMI), adjusted for family size (“over-income” tenants). Units reserved for lower income households at an affordable rent that are temporarily vacant due to tenant turnover or repairs shall be counted as occupied.

  • Grandfathered Percentage means, with respect to any Grandfathered Person, the percentage of the outstanding shares of Common Stock of the Company that such Grandfathered Person, together with all Affiliates and Associates of such Grandfathered Person, Beneficially Owns as of the Grandfathered Time, plus an additional 1/2%; provided, however, that, in the event any Grandfathered Person shall sell, transfer, or otherwise dispose of any outstanding shares of Common Stock of the Company after the Grandfathered Time, the Grandfathered Percentage shall, subsequent to such sale, transfer or disposition, mean, with respect to such Grandfathered Person, the lesser of (i) the Grandfathered Percentage as in effect immediately prior to such sale, transfer or disposition or (ii) the percentage of outstanding shares of Common Stock of the Company that such Grandfathered Person Beneficially Owns immediately following such sale, transfer or disposition, plus an additional 1/2%.