Examples of First Full Year in a sentence
Starting in the First Full Year (as defined in section 1.1(c)) and in each subsequent year in which the HAP Contract is effective, subject to the availability of sufficient appropriations, HUD will obligate funding in accordance with this HAP Contract and provide the Owner written notification of (i) the amount of such additional funding, (ii) the approximate period of time within the HAP Contract term to which it will be applied.
As of the beginning of the First Full Year, and unless the Contract Rents are revised in accordance with section 1.5(b), the Contract Rent for each bedroom size (i.e., number of bedrooms) shall be the initial Contract Rent as reflected in Exhibit 1A.
Initial Contract Rents do not take effect until the First Full Year (as defined in Section 1.1(c)).
To clarify, in cases in which a project converts in December and the effective date of the HAP Contract is January 1, the Year of Conversion is the calendar year starting on the effective date and the First Full Year begins the year following.
Based on an analysis of the payment rates on high-performing Multifamily-assisted projects, HUD assumes a 3 percent vacancy loss factor in the First Full Year.
Select “Map” tab at top of report page (Parcel should be highlighted).
Administrative fees are generally paid based on historical VMS data.During the First Full Year, however, since there will be no historical VMS data, HUD will advance and reconcile fees due to the Contract Administrator over the course of the year.
Starting in the First Full Year and in each subsequent year in which the HAP Contract is effective, for the remainder of the initial term and any renewal term, subject to the availability of sufficient appropriated funding (budget authority), as provided in appropriations acts and in the CA’s Consolidated Annual Contributions Contract with HUD, the CA will make full payments of housing assistance payments due to an Owner for any contract year in accordance with the HAP Contract.
Juvonen J, Graham S, Schuster MA (2003) Bullying among young adolescents: The strong, the weak, and the troubled.
Evaluation of non-agency RMBS and CMBS held by insurers using the NAIC rating methodologies is performed on an annual basis.As stated previously, our fixed maturity security portfolio is managed to minimize risks such as defaults or impairments while earning a sufficient and stable return on our investments.