Extremely Low Income definition

Extremely Low Income means a household income that falls at or below thirty percent (30%) of the AMI for the area in which a Project is located.

Extremely Low Income means a household earning less than 30 percent of area median income pursuant to Health and Safety Code, section 50105.

Extremely Low Income means a household income that falls between fifteen percent (15%) and thirty percent (30%) of the AMI for the area in which a Project is located.

Examples of Extremely Low Income in a sentence

• CMHA will admit families who qualify under the Extremely Low Income limit to meet the income-targeting requirement, regardless of preference.

• Extremely Low Income (ELI) Set-Aside RequirementsThe proposed Development must set aside a required percentage of total units for ELI Households.

• Recipients/Owners of rental property shall maintain occupancy of NHTF assisted units by Extremely Low Income Persons for the Period of Affordability.

• In order to meet the income targeting requirement, CMHA will admit families who are Extremely Low Income regardless of preference in accordance with Chapter 4 Section D of this Administrative Plan.

• PAYMENT STANDARD: One of the following standards of payment selected by the Taxpayer in connection with a Low Income Unit occupied by an Extremely Low Income Household: (a) 50% AMI, (b) 55% AMI or (c) 60% AMI.

More Definitions of Extremely Low Income

Extremely Low Income means individuals or families whose annual incomes do not exceed 30 percent of the median income for the area, as determined by HUD.

Extremely Low Income means Income not exceeding 30% of Median income.

Extremely Low Income means annual income which does not exceed thirty percent of the median income for the area, as determined by HUD, with adjustments for smaller and larger families, except that HUD may establish income ceilings higher or lower than thirty percent of the median income for the area if HUD finds that such variations are necessary because of unusually high or low family incomes. HUD’s income exclusions, as defined under 24 CFR§ 5.609, apply in determining income eligibility at the time of admission and in calculating the Eligible Tenant’s income during the interim/annual recertification stages.

Extremely Low Income means having a household income equal to 30% or less of the area median income.

Extremely Low Income means an annual household income that is 30% or less of area median income based on HUD determined guidelines adjusted for family size.

Extremely Low Income means household income which is below thirty percent (30%) than Grand County Area Median Income as defined by HUD.

Extremely Low Income means household income which is below thirty percent (30%) of the Grand County Area Median Income.