Low-income household definition

Low-income household means a household with a total gross annual household income equal to 50 percent or less of the median household income.

Low-income household means a single person, family, or

Low-income household means a household with an average annual household income of less than

Examples of Low-income household in a sentence

• Borrower shall then (i) rent the next available Unit to an Extremely Low Income Household to comply with the requirements of Section 2.1(a)(2) or Section 2.1(a)(3), as applicable, at a Rent not exceeding Extremely Low Income Rent, or (ii) designate another comparable Unit that is occupied by an Extremely Low Income Household as an Extremely Low Income Unit, to comply with the requirements of Section 2.1(a)(2) or Section 2.1(a)(3), as applicable.

• If, upon the annual certification of the income of a Tenant of an Extremely Low Income Unit during the Term, Borrower determines that the Tenant’s income has increased above the qualifying limit for an Extremely Low Income Household, but not above the qualifying income for a Low Income Household, the Tenant may continue to occupy the Unit and Borrower shall continue to charge such Tenant Extremely Low Income Rent.

• If upon the annual certification of the income of a HOPWA Eligible Household during the HOPWA Term, Borrower determines that the Tenant has an Adjusted Income exceeding the maximum qualifying income of an Extremely Low Income Household, the Tenant may continue to occupy the Unit and Borrower shall continue to charge such Tenant Rent consistent with Section 2.2(a)(1) above.

• Borrower shall then rent the next available HOPWA Unit to an Extremely Low Income Household that is also a HOPWA Eligible Household, to comply with the requirements of Section 2.1(a)(1) above.

• If, upon the annual certification of the income a Tenant of a HOME-Assisted Unit that is not a HOPWA Unit, Borrower determines that the Tenant’s income has increased above the qualifying limit for a Low Income Household, the Tenant may continue to occupy the Unit.

More Definitions of Low-income household

Low-income household means a single person,

Low-income household means a household the total income of which does not exceed 200% of the poverty guidelines updated periodically in the Federal Register by the U.S. Department of Health and Human Services under the authority of 42 U.S.C. 9902(2) for the 48 Contiguous States and the District of Columbia.

Low-income household means a single person, family, or unrelated persons living together whose adjusted income is at or below eighty percent of the median family income adjusted for family size, for the county where the project is located, as reported by the United States department of housing and urban development. For cities located in high-cost areas, "low-income household" means a household that has an income at or below one hundred percent of the median family income adjusted for family size, for the county where the project is located.

Low-income household means a person, a family, or unrelated persons living together whose adjusted household income is more than 50% but not more than 60% of the area median income, as determined by the authority.

Low-income household. ’ means a household with an

Low-income household means a household whose annual gross income does not exceed sixty percent (60%) of the Area Median Income, adjusted for Actual Household Size.

Low-income household means a household—