Moderate Income Families definition

Moderate Income Families for Section 221(d)(3)-(d)(5) (Below Market Interest Rate) projects are persons or families whose annual incomes do not exceed 95% of Area Median Income.
Sample 1Sample 2Sample 3
Moderate Income Families means those with a family income greater than 50 percent and less than or equal to 80 percent of median-family income.
Sample 1Sample 2Sample 3
Moderate Income Families means families whose incomes are more than 80 percent but do not exceed 120 percent of the median income for the area, adjusted by family size, as determined by the Secretary of the U.S. Department of Housing and Urban Development.
Sample 1

Examples of Moderate Income Families in a sentence

  • Throughout the Term, the Project shall be used solely as rental housing for Moderate Income Families, with no reduction in the number of residential units, and no Current Tenant shall be required to relocate on the basis of his or her income.

  • Throughout the Term, the Project shall be used solely as rental housing for Moderate Income Families, with no reduction in the number of residential units and no Current Tenant shall be required to relocate on the basis of his or her income.

  • During the First Latrobe ED rotation, Latrobe directed Dr McPadden, at the end of his shift, to undertake specific tasks relating to patient care before he finished work on that day ( patient care direction).

  • Number of Housing Units Occupied by Low or Moderate Income Families with LBP Hazards According to the 2007-2011 CHAS data provided above, approximately 113,650 housing units were built prior to 1980 and therefore are at risk of containing Lead-Based Paint.

  • Fauquier added a Low and Moderate Income Families Housing Policy to its zoning ordinance in 1996, but it is a voluntary program and offers few incentives to entice developer participation.

  • The housing units in the Project shall be used solely as housing for Moderate Income Families, except that no Current Member will be required to relocate on the basis of his or her income.

  • Throughout the Term, the Project shall be used solely as housing for Moderate Income Families, with no reduction in the number of residential units, and no Current Member will be required to relocate on the basis of his or her income.

  • The amount of the cost-of-living allowance shall be determined and redetermined as pro­ vided below on the basis of the “ Consumer” Price Index for Moderate Income Families in Large Cities, New Series (All Items) Pub­ lished by the Bureau of Labor Statistics, U.

  • Number of Housing Units Occupied by Low or Moderate Income Families with LBP Hazards According to the 2011-2015 CHAS data provided above, approximately 106,076 housing units were built prior to 1980 and therefore are at risk of containing Lead-Based Paint.

  • Throughout the Term, the Project shall be used solely as rental housing for Moderate Income Families with no reduction in the number of residential units and no Current Tenant shall be required to relocate on the basis of his or her income.


More Definitions of Moderate Income Families

Moderate Income Families means families and individuals whose Annual Incomes do not exceed one hundred twenty percent (120%) of the Area Median Income, or such other NSP income limits as established by HUD or as otherwise determined by the Department.
Sample 1

Related to Moderate Income Families

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

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

  • Program Income means gross in- come earned by the recipient that is di- rectly generated by a supported activ- ity or earned as a result of the award (see exclusions in § 215.24(e) and (h)). Program income includes, but is not limited to, income from fees for serv- ices performed, the use or rental of real or personal property acquired under federally-funded projects, the sale of commodities or items fabricated under an award, license fees and royalties on patents and copyrights, and interest on loans made with award funds. Interest earned on advances of Federal funds is not program income. Except as other- wise provided in Federal awarding agency regulations or the terms and conditions of the award, program in- come does not include the receipt of principal on loans, rebates, credits, dis- counts, etc., or interest earned on any of them.

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Non-profit making companies means companies set up under the Companies Act, 1956/Companies Act 2013.

  • Per capita income means the average for the most recent three years for

  • EPS for any Year means earnings per share of the Company, as reported in the Company's Consolidated Statement of Income set forth in the financial statements of the Company for the Year.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Birth family or "birth sibling" means the child's biological family or biological sibling.

  • Earnings from Operations for any period means net earnings excluding gains and losses on sales of investments, extraordinary items and property valuation losses, as reflected in the financial statements of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Lower income household means a household having an income equal to or less than the

  • Matched Positions for CFD trading shall mean Long and Short Positions of the same Transaction Size opened on the Client Account for the same CFD.

  • Peer Companies means the following companies which remain publicly traded throughout the entire TSR Measurement Period: AbbVie GlaxoSmithKline Amgen Johnson & Xxxxxxx AstraZeneca Merck Biogen Novartis Celgene Pfizer Xxx Xxxxx Xxxxx Gilead Sciences Sanofi Companies that were publicly traded as of the Award Date but are no longer publicly traded as of the end of the TSR Measurement Period shall be excluded, except that companies that are no longer publicly traded as of the end of the TSR Measurement Period due to filing for bankruptcy prior to the end of the TSR Measurement Period shall be assigned a Total Shareholder Return of -100% for the TSR Measurement Period. In the case of a merger or acquisition involving two Peer Companies during the TSR Measurement Period, the acquiree or merged company, as the case may be, shall be removed from the list of Peer Companies, and the acquirer or successor company, as the case may be, shall remain on the list of Peer Companies. In the case of a spinoff involving a Peer Company during the TSR Measurement Period, such company shall remain on the list of Peer Companies, provided that it remains an appropriate peer. Any new company formed as a result of the spinoff shall not be added to the list of Peer Companies for the current TSR Measurement Period (however, such company may be added to the list of Peer Companies for subsequent awards, if the Committee deems such inclusion appropriate). For the avoidance of doubt, following the closing of the Company’s acquisition of Celgene Corporation (“Celgene”), Celgene shall be has been removed from the list of Peer Companies.

  • Gross Income from Operations means all sustainable income as reported on the financial statements delivered by the Borrower in accordance with this Agreement, computed in accordance with accounting principles reasonably acceptable to Lender, consistently applied, derived from the ownership and operation of the Property from whatever source, INCLUDING, but not limited to, (i) Rents from Tenants that are in occupancy, open for business and paying unabated Rent, (ii) utility charges, (iii) escalations, (iv) intentionally omitted; (v) service fees or charges, (vi) license fees, (vii) parking fees, and (viii) other required pass-throughs but EXCLUDING (i) Rents from Tenants that are subject to any bankruptcy proceeding (unless such Tenant has affirmed its Lease or Inland Western Retail Real Estate Trust, Inc. has master leased such Tenant's premises for full contract rent for a period not less than three years, and the net worth of Inland Western Retail Real Estate Trust, Inc. (as determined by Lender) is not less than such entity's net worth as of September 30, 2003), or are not in occupancy, open for business or paying unabated Rent, (ii) sales, use and occupancy or other taxes on receipts required to be accounted for by Borrower to any Governmental Authority, (iii) refunds and uncollectible accounts, (iv) sales of furniture, fixtures and equipment, (v) Insurance Proceeds (other than business interruption or other loss of income insurance), (vi) Awards, (vii) unforfeited security deposits, (viii) utility and other similar deposits and (ix) any disbursements to Borrower from the Reserve Funds. Gross income shall not be diminished as a result of the Mortgage or the creation of any intervening estate or interest in the Property or any part thereof.

  • 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."

  • Multi-Family means a single residential connection to the public water system’s distribution system from which two or more separate dwelling units are supplied water.

  • Supplier Profit Margin means, in relation to a period or a Milestone (as the context requires), the Supplier Profit for the relevant period or in relation to the relevant Milestone divided by the total Call Off Contract Charges over the same period or in relation to the relevant Milestone and expressed as a percentage;

  • Revenue Growth means the percentage change in revenue (as defined in Statement of Financial Accounting Concepts No. 6, published by the Financial Accounting Standards Board) from one period to another.

  • Investment Personnel means: (a) Portfolio Managers and other Advisory Persons who provide investment information and/or advice to the Portfolio Manager(s) and/or help execute the Portfolio Manager's(s') investment decisions, including securities analysts and traders; (b) any natural person in a control relationship to the Fund who obtains information concerning recommendations made to the Fund with regard to the purchase or sale of a security; and (c) certain other individuals as designated by the Compliance Officer.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Common profits means the balance of all income, rents, profits and revenues from the common areas and facilities remaining after the deduction of the common expenses;

  • Non-Investment Personnel means any Employee that does not meet the definition of Investment Personnel as listed above.

  • DCF means Day Count Fraction;