Housing Cost means the sum of actual or projected monthly payments for all of the following associated with for-sale target units: principal and interest on a mortgage loan, including any loan insurance fees, property taxes and assessments, fire and casualty insurance, property maintenance and repairs, homeowner association fees, and a reasonable allowance for utilities. Adjustments should be made as necessary for down payment assistance.
Housing Cost means:
Housing Cost means (a) the total monthly payments for rent and Utilities for Rental Affordable Units and (b) the total monthly mortgage payments, property tax, hazard insurance, if applicable, and condominium or homeowner fees for For Sale Affordable Units. HUD: means the United States Department of Housing and Urban Development.
Examples of Housing Cost in a sentence
Housing Cost Cap (HCC): HUD’s published limit on the use of public housing funds for the cost of constructing the public housing units, which includes unit hard costs, builder’s overhead and profit, utilities from the street, finish landscaping, and a hard cost contingency.
Housing Cost (Mortgage/Rent) $ Asset Amount (List all liquid assets) A.
The Housing Cost is determined by calculating the monthly mortgage payments using the actual terms of the Household’s approved mortgage, and adding all applicable property taxes, homeownership or condominium fees, and hazard insurance.
In addition, Tri-Service Family Housing Cost Models should be prepared using metric units of measure.
The process for awarding points will follow the Minnesota Housing Cost Containment Methodology.
More Definitions of Housing Cost
Housing Cost means the sum of actual or projected monthly payments for all of the following associated with for-sale Target Units: principal and interest on a mortgage loan, including any loan insurance fees, property taxes and assessments, fire and casualty insurance, property maintenance and repairs, homeowner association fees, and reasonable allowance for utilities.
Housing Cost means home purchasers’ total housing cost including mortgage expenses, taxes and insurance, homeowner association dues, utilities, and an allowance for maintenance and repairs
Housing Cost means the sum of actual or projected monthly payments for all of the following associated with for-sale target units: principal and interest on a mortgage loan, property taxes and assessments, fire and casualty insurance, and homeowner association fees.
Housing Cost of a person or family purchasing an Assisted Unit shall be calculated in accordance with the provisions of California Code of Regulation, Title 25, Section 6910, et. seq., as amended from time to time, which as of the date hereof include all of the following associated with that Assisted Unit:
Housing Cost. The sum of actual or pro- jected monthly payments for all of the following associated with for-sale target units: principal and interest on a mortgage loan, including any loan insurance fees, property taxes and assessments, fire and casualty insurance, property maintenance and repairs, home-owner association fees, and a reasonable allowance for utilities.
Housing Cost means (a) the total monthly payments for rent and Utilities for a Rental Affordable Unit, less any rental subsidies paid on behalf of the Qualified Tenant leasing that Rental Affordable Unit, or (b) the total monthly mortgage payments, property tax, hazard insurance, if applicable, and condominium or homeowner fees for a For Sale Affordable Unit. HUD: means the United States Department of Housing and Urban Development. Land Records: means the real property records for the City of Richmond, Virginia. Market-Rate Unit: is each Residential Unit that is not an Affordable Housing Unit. Maximum Allowable Rent: is defined in Section 4.3.2.
Housing Cost means the monthly mortgage payment (principal and interest), property taxes, homeowners’ association dues, and homeowner’s insurance.