Affordable Rents means thirty percent (30%) of an amount equal to fifty percent (50%) of the median gross income for the Area, adjusted for household size (as described in the definition of “Low Income Unit” in this Section 1), less a utility allowance calculated as set forth in U.S. Treasury Regulation Section 1.42-10.
Affordable Rents means Rents established for Assisted Units in accordance with Section 7312.
Examples of Affordable Rents in a sentence
The maximum Affordable Rents (as defined in the RRDP Permanent Loan Agreement) that may be paid by a Qualified Household during the Affordability Period.
Affordable Rents within each Eligible Parish will be based on the rent limitations at 24 CFR §92.252(a) under the HOME Investment Partnership Program.
Rent charged a Qualified Household in a Qualified Project during the Affordability Period may not exceed Affordable Rents.
Affordable Rents will be posted on the LHC’s website each year and may be obtained from HUD’s website at xxxxx://xxx.xxxxxxxxxxx.xxxx/programs/home/home-rent-limits/ Application: The RRDP Application required to be submitted by an Eligible Applicant for a Take-out Commitment in connection with the RRDP Initiative.
More Definitions of Affordable Rents
Affordable Rents means rents where the total monthly shelter cost (gross monthly rent including utilities - heat, hydro and water- but excluding parking and cable television charges) is initially at or below one times the average City of Toronto rent, by unit type (number of bedrooms), as reported annually by the Canada Mortgage and Housing Corporation, and subject only to annual increases which do not exceed any guideline therefore published by the Province of Ontario and, if applicable, permitted above-guideline increases;
Affordable Rents means a cost not in excess of that which may be charged the applicable eligible person or family pursuant to Section 50053 of the California Health and Safety Code (specific code is included as Attachment 5).
Affordable Rents means a monthly rent (excluding any supplemental rental assistance from the State, the federal government or any other public agency to those tenants or on behalf of those units) which does not exceed 30 percent of 50 percent of one-twelfth of the Area median income, adjusted for family size as established under Section 8 of the United States Housing Act of 1937, as amended, based upon the following household sizes for various types of residential units in the Project:
Affordable Rents means a rental housing cost not in excess of that which may be charged the applicable eligible person or family pursuant to Section 50053 of the California Health and Safety Code. No rental activities are currently proposed under the NSP3.
Affordable Rents means the Affordable Housing Rental Program Rents inclusive of essential utilities (heat, hydro, and water). The Affordable Housing Rental Program Rents are reviewed by Manitoba Housing annually and published on the Manitoba Housing website at: https://www.gov.mb.ca/housing/progs/pil.html#affordable.
Affordable Rents means rents established for assisted units in accordance with section 113.
Affordable Rents means the rents for each residential rental housing unit by bedroom size published by LHC by parish location for each Qualified Project. Affordable Rents will be based on the rent limitations at 24 CFR §92.252(a) under the HOME Investment Partnership Program. Affordable Rents will be posted on the LHC’s website each year and may be obtained from HUD’s website at xxxxx://xxx.xxxxxxxxxxx.xxxx/programs/home/home-rent-limits/