Maximum Rent means the maximum regular rent for 60% of
Maximum Rent means the highest amount chargeable for a particular Rental Unit such that a Household of the Rental Unit’s imputed Household size that earns the applicable MFI Level will expend no more than thirty percent (30%) of its annual income on Monthly Rent and Utilities, as set forth in the Rent and Income Schedule. For purposes of this paragraph, the imputed Household size applicable to a unit is: (i) in the case of a unit which does not have a separate bedroom, one (1) individual; and (ii) in the case of a unit which has one (1) or more separate bedrooms, one and one-half (1.5) individuals for each separate bedroom.
Maximum Rent means, with respect to any Apartment, the highest rent that would be affordable to an Eligible Household and would not cause such Eligible Household to pay more than thirty percent (30%) of its income for rent, as determined by the Monitor.
Examples of Maximum Rent in a sentence
Maximum Rent Limit for this unit Enter the maximum allowable gross rent for the unit.
If such a family chooses flat rent, the flat rent will not be prorated if it is greater than the Public Housing Maximum Rent.
If the Public Housing Maximum Rent is greater than the flat rent and the family chooses flat rent, then the family’s maximum subsidy will be calculated and prorated.
If the OCAF-adjusted rent potential exceeds the Maximum Rent, the adjusted rents shall be limited by the Maximum Rent.
If the Maximum Rent exceeds the OCAF-adjusted rent potential, the Contract Rents shall be adjusted by the OCAF.
More Definitions of Maximum Rent
Maximum Rent means the Original Maximum Rent, increased by the same percentage as the percentage increase, if any, in CPI since the date of issuance of an occupancy permit for the Employee Unit.
Maximum Rent means the lesser of:
Maximum Rent shall have the meaning set forth in Section 6.15(b).
Maximum Rent means an amount per month equal to $1,000 which amount shall automatically increase beginning on the first anniversary of the day on which the Occupancy Permit was issued by the District for the applicable Affordable Housing Unit, and thereafter on each successive anniversary date, by the same percentage as the percentage increase (if any) in the CPI since the date of Occupancy Permit issuance or the last anniversary date, as the case may be.
Maximum Rent means the maximum rent, excluding gas and electric utility charges, which has been authorized or approved by the commissioner or the supervising agency; or the legal regulated rent established for the dwelling unit pursuant to the provisions of either article II, IV, V or XI of the private housing finance law[,]; or the rental established for a cooperatively owned dwelling unit previously regulated pursuant to the provisions of article II, IV, V or XI of the private housing finance law[,]; or the rental established for a dwelling unit[,] in a dwelling subject to a mortgage insured or initially insured by the federal government pursuant to section two hundred thirteen of the national housing act, as amended; or such rent established for a dwelling unit which was subject to a mortgage insured or initially insured by the federal government pursuant to section two hundred thirteen of the national housing act, as amended; or the rent established for an applicable battery park city property.
Maximum Rent means the maximum regular rent for 60% of the area median income for the geographic area in which the multifamily building is located for multifamily programs as determined by the United States Department of Housing and Urban Development and published annually by the Illinois Housing Development Authority. To be eligible for the reduced valuation defined in this Section, maximum rents are to be consistent with the Illinois Housing Development Authority's rules; or if the owner is leasing an affordable unit to a
Maximum Rent is the maximum monthly amount that can be charged as a Tenant Rent Contribution as may be determined from time to time by BC Housing.