Very Low Income means income that is 50 percent or less of the area median income.

Very Low Income means having an income as defined in Section 50105 of the Health and Safety Code.

Very Low Income means individuals or families whose income is at or below 50% of the area median income as determined in accordance with Section 42(g) of the Code.

Examples of Very Low Income in a sentence

Residents of the Metropolitan Area or Non-Metropolitan County that Meet the Definition of Low- and Very Low-Income.
OMS contracts may provide that if, during the term of commitment for OMS subsidy, the subsidy is discontinued or reduced, and if the owner therefore cannot meet operating expenses of the OMS units with rents affordable to Extremely Low-Income households, the owner mayrent the units to any Very Low-Income households who can pay rents sufficient to cover operating costs of the units, but not to exceed Affordable Rents for Very Low-Incomehouseholds.

More Definitions of Very Low Income

Very Low Income means households earning less than 50 percent or less of AMI pursuant to Health and Safety Code section 50105.

Very Low Income means 30 percent or less of the median gross

Very Low Income means income not exceeding 50% of median income.

Very Low Income means families whose annual incomes do not exceed 50 percent of the median income for the area, as determined by HUD.

Very Low Income means income which does not exceed 50% of the median income for the area, as determined by HUD, with adjustments for family size.

Very Low Income means income that is at or below 50% of the area median income as determined in accordance with Section 42(g) of the Code.

Very Low Income means gross household income adjusted for family size that is at or below fifty percent (50%) of Area Median Income.