Very low-income household definition
Very low-income household means a household with a total gross annual household income equal to 30 percent or less of the median household income.
Very low-income household means a single person, family,
Very low-income household means a single person,
Examples of Very low-income household in a sentence
If, during a lease term, a Very Low-Income Household’s or a Low-Income Household’s annual income increases above 140% of the qualifying income level as established by Exhibit J and Exhibit K, then upon lease renewal such Very Low-Income Household or Low-Income Household would be considered an “Over-Income Household” but would be permitted to continue to occupy their Income-Restricted Unit pursuant to the applicable guidelines of Section 42 of the Code for the Low Income Housing Tax Credit Program.
More Definitions of Very low-income household
Very low-income household means a person, a family, or unrelated persons living together whose adjusted household income is not more than 50% of the area median income, as determined by the authority.
Very low-income household means a single person, family, or unrelated persons living together whose adjusted income is at or below fifty percent of the median household income adjusted for household size, for the county where the household is located, as reported by the United States department of housing and urban development.
Very low-income household means a household whose annual gross income does not exceed fifty percent (50%) of the Area Median Income, adjusted for Actual Household Size.
Very low-income household means a household whose income shall be no more than 50% of AMI.
Very low-income household means a single person, family, or unrelated persons living together whose income is at or below fifty percent of the median income, adjusted for household size, for the county where the affordable housing is located.
Very low-income household means an individual or family unit whose gross annual income does not exceed 50% of the area median income, adjusted for family size.
Very low-income household means a household whose income does not exceed 50% of the area median income, adjusted for household size.