Program Income Limits definition

Program Income Limits means the income limits for the Social Housing Rental Program and the Affordable Housing Rental Program, as set forth in Schedule “B” which may be revised or amended by MHRC from time to time.
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Program Income Limits to be used for determining Households In Need are related to household size as applied using the Suitable Accommodations described in "E”: For Geographic Area: WINNIPEG AREA Number of Bedrooms: Studio 1 2 3 4+ Program Income Limits: $23,000 $33,500 $43,000 $47,500 $57,500 Note: Households are to be reviewed annually to confirm eligibility requirements have been met. Should the Household’s gross Income (before taxes) exceed the Program Income Limits the Supplement will terminate and the occupant is responsible for the total monthly rental rate housing charge. From time to time, the Corporation has the right to increase the Program Income Limits and will notify the Owner in written form. Program Income Limits are reviewed annually and reported on the Manitoba Housing website www.g▇▇.▇▇.▇▇/▇▇▇▇▇▇▇/▇▇▇.▇▇▇▇
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Examples of Program Income Limits in a sentence

  • The Program Income Limits are established annually by Manitoba Housing and are effective January 1 of each year.

  • Social Housing Rental Program Income Limits: Applicants to the Social Housing Rental Program must have incomes below the posted income limits.

  • The Eligible Borrower's Current Annual Household Income does not exceed the Program Income Limits as specified in the applicable Program Documents.

  • Total Family Household Income (the combined total incomes of all adults living in a room) must be below the Program Income Limits defined by Manitoba Housing at ▇▇▇.▇▇.▇▇/▇▇▇▇▇▇▇/▇▇/▇▇▇▇▇/▇▇▇.▇▇▇▇.

  • The Eligible Borrower’s Current Annual Household Income does not exceed the Program Income Limits as specified in the applicable Program Documents.

  • Manufactured Homes, 2-4 Units and Co-Signers/Non-Occupant Co-Borrowers as eligible SG Income/Purchase Price Limits 4.4.24 Removed from Platinum & Added under Advantage: All stable and verifiable income used for underwriting qualification as reported in the Transmittal Summary must be applied against the Program Income Limits.

  • Total family Household Income (the combined total incomes of all adults living in a room) must be below the Program Income Limits defined by Manitoba Housing at ▇▇▇.▇▇▇.▇▇.▇▇/▇▇▇▇▇▇▇/ progs/pil.html.

  • To receive or continue to be eligible for program subsidy a tenant must have a total adjusted household income at or below the Program Income Limits established by Manitoba Housing.

  • The borrower's Current Annual Household Income does not exceed the Program Income Limits as specified in the Notice of Availability of Funds.

  • See the Program Income Limits Policy or visit our website for information on our programs.

Related to Program Income Limits

  • Program Income means, as provided by 24 CFR § 570.504, gross income received by the Subrecipient directly generated by a grant supported activity, or earned only as a result of the grant agreement during the grant period.

  • Plan for moderate income housing means a written document adopted by

  • Program fund means the program fund created under Section 53B-8a-107,

  • Moderate income housing means housing affordable,

  • Non-Regulatory Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of starts or available run hours resulting from (i) the physical equipment limitations of the unit, for up to one year, due to original equipment manufacturer recommendations or insurance carrier restrictions, (ii) a fuel supply limitation, for up to one year, resulting from an event of Catastrophic Force Majeure; and,