Moderate-income unit means a restricted unit that is affordable to a moderate-income household.
Moderate-income unit means a restricted unit that is affordable to a moderate-income household. “Non-exempt sale” means any sale or transfer of ownership other than the transfer of ownership between
Moderate-income unit means a restricted unit that is affordable to a moderate-income household. “Multifamily unit” means a structure containing five or more dwelling units.
More Definitions of Moderate-income unit
Moderate-income unit means an Affordable Unit that shall be rented to, or set aside for, a Moderate Income Household at a monthly rent that is no greater than thirty-five percent (35%) of the Published Moderate Income adjusted for the Imputed Houshold Size applicable to the unit, with no deduction or offset for any Utility Allowance.
Moderate-income unit means any dwelling unit that is rented, for the life of the Development project in which it is located, at a price affordable to a Moderate-Income Household of an appropriate size for the dwelling unit, and restricted to households with an income not exceeding 120% of area median income.
Moderate-income unit means a residential unit subject to an Affordability Restriction in compliance with and pursuant to a recorded Affordable Housing Agreement required by Chapter 5.08 of San José Municipal Code that limits occupancy to households that earn between 80% - 120% of the Area Median Income or as established and amended from time to time pursuant to Health and Safety Code Section 50079.5 as amended. In the event such standards are discontinued, the Council shall, by resolution, establish eligibility standards for Lower Income Households.
Moderate-income unit means a restricted unit that is affordable to a moderate-income household. “MONI” means the Agency’s Market Oriented Neighborhood Investment Program, as it may be authorized from time to time by the Agency.
Moderate-income unit means any available unit if the aggregate Gross Income of all tenants therein does not exceed one hundred and twenty percent (120%) of median gross income for the Area, with adjustments for family size. The determination of an available unit's status as a Moderate Income Unit shall be made by the Owner upon commencement of each lease term with respect to such unit, and annually thereafter, on the basis of an Income Certification executed by each tenant.
Moderate-income unit means a Restricted Unit restricted upon initial occupancy and rented or sold to and occupied by a household with a maximum household income that does not exceed the qualifying income limit for Moderate-Income Households.
Moderate-income unit means any available unit if the aggregate Gross Income of all tenants therein does not exceed one hundred and twenty percent (120%) of median gross income for the Area, with adjustments for family size. The determination of an available unit’s status as a Moderate Income Unit shall be made by the Owner upon commencement of each lease term with respect to such unit, and annually thereafter, on the basis of an Income Certification executed by each tenant.