Aggregate Family Income means the total income of persons residing in the same household as the mortgagor and any other resident of the household declared by the mortgagor as a dependent for federal tax purposes, from whatever source derived, including, but not limited to, pensions, annuities, retirement benefits and Social Security benefits, provided the authority may exclude from income (A) reasonable allowances for dependents, (B) reasonable allowances for medical expenses, (C) all or any part of the earnings of gainfully employed minors or family members other than the chief wage earner, (D) income not regularly received, and (E) such other expenses as the authority may allow;
Aggregate Family Income means the total income of persons residing in the same household as the Eligible Mortgagor(s) and any other resident of the household declared by the Eligible Mortgagor(s) as a dependent for federal tax purposes, from whatever source derived, including, but not limited to, pensions, annuities, retirement benefits and Social Security benefits, provided the Authority may exclude from income (1) reasonable allowances for dependents, (2) reasonable allowances for medical expenses, (3) all or any part of the earnings of gainfully employed minors or family members other than the chief wage earner, (4) income not regularly received, and (5) such other expenses as the Authority may allow. The Authority may make such adjustments relative to the determination of financial hardship and/or the terms of repayment by the Eligible Mortgagor(s). Allowable adjustments to income will be periodically approved by the Executive Director, described in Authority administrative memoranda, uniformly applied to all applicants and may be periodically revised at the discretion of the Authority.
Aggregate Family Income means all the income from any source whatsoever, before deductions or exemptions, which all adults occupying or who will occupy the housing unit may be expected to receive during the 12-month period following admission or reexamination (as the case may be) and shall include all compensation for personal services such as commissions, fees, tips, bonuses and other compensation in kind.
Examples of Aggregate Family Income in a sentence
For each Program, the Corporation shall by Program Bulletin establish limitations with respect to the Aggregate Family Income of Borrowers and occupants of cooperative housing developments.
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Once a Qualified Purchaser becomes an owner of an Affordable Condominium in accordance with the provisions of this Plan, any increase or decrease in the Gross Aggregate Family Income of such Owner shall not affect ownership rights, privileges or obligations of such Owner.
In this regard, series of surveys and focus groups will be conducted to get feedback from our current first year students who are the last cohort of the old version of ENG 1, as well as incoming first year students.
A Family whose Gross Aggregate Family Income does not exceed the income limits established by the Code of the Township of Piscataway and the Agency.
More Definitions of Aggregate Family Income
Aggregate Family Income means the total income of persons residing in the same household as the mortgagor and any other resident of the household declared by the mortgagor as a dependent for federal tax purposes, from whatever source derived, including, but not limited to, pensions, annuities, retirement benefits and Social
Aggregate Family Income means the aggregate income, as defined by the Tax Act, of each Borrower and of anyone else in the Borrower's household required by the Tax Act to be considered in such calculation. Aggregate Family Income shall be calculated in accordance with the criteria and procedures established under the Tax Act.
Aggregate Family Income means the aggregate total of the family income, as defined by the Tax Act, of anyone required by the Tax Act to be taken into account for purposes of determining eligibility under a Program.
Aggregate Family Income means the total family income of all members of a family, from whatever source derived, including but not limited to pension, annuity, retirement and social security benefits, provided there may be excluded from income, as the authority by regulation may determine, (1) reasonable allowances for dependents, (2) reasonable allowances for medical expenses, (3) all or any proportionate part of the earnings of gainfully employed minors or family members other than the chief wage earner, (4) income not received regularly, and (5) other expenses;
Aggregate Family Income means the total income of persons 882 residing in the same household as the [mortgagor] homeowner and any 883 other resident of the household declared by the [mortgagor] 884 homeowner as a dependent for federal tax purposes, from whatever 885 source derived, including, but not limited to, pensions, annuities, 886 retirement benefits and Social Security benefits, provided the authority 887 may exclude from income (A) reasonable allowances for dependents,
Aggregate Family Income means the total income of persons
Aggregate Family Income means the total family income of all members of a family, from whatever source derived, including but not limited to pensions, annuities, retirement benefits and social security benefits, provided the authority and the Commissioner of Housing may exclude from such income, (A) reasonable allowances for dependents, (B) reasonable allowances for medical expenses, (C) all or any part of the earnings of gainfully employed minors or family members other than the chief wage earner, (D) income not regularly received and (E) such other expenses as the Commissioner of Housing may allow;