Housing Cost definition
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.
Examples of Housing Cost in a sentence
Housing Cost (Mortgage/Rent) $ Asset Amount (List all liquid assets) A.
In addition, Tri-Service Family Housing Cost Models should be prepared using metric units of measure.
Attachment C, the Housing Cost Estimate Worksheet, may be helpful.
Provide, for each housing project, the calculations on which the budget estimate is based, using Exhibit FH-1, the “Tri-Service Family Housing Cost Model”.
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.
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, property taxes and assessments, fire and casualty insurance, and homeowner association fees.
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, 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 the monthly mortgage payment (principal and interest), property taxes, owners' association dues, and owner's insurance.
Housing Cost means and includes all of the following costs associated with ownership of an Inclusionary Unit as defined in Title 25 of the California Code of Regulations Section 6920:
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 means any costs other than rent that are required to be borne by a tenant in an Inclusionary Unit located in a Rental Residential Development. These costs include, but are not limited to, the following: