Low interest loans definition

Low interest loans means loans that meet or exceed the rate of interest required to pay the costs incurred by the authority for making and servicing such loans, but do not exceed the rate of interest specified in sub. (2) (a) 6. No low interest or other loan may be made to a person or family whose income exceeds 120 per- cent of the median income for a family of 4, except that in a desig- nated reinvestment neighborhood or area as defined in s. 66.1107 no low interest loan at the highest rate of interest authorized by this paragraph may be made to a person or family whose income exceeds 140 percent of the median income for a family of 4, and except that the authority may increase or decrease the income limit for low interest loans by no more than 10 percent of the limit for each person more or less than 4.
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Low interest loans means funds that are loaned by the New York
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Examples of Low interest loans in a sentence

  • Low interest loans for such improvements were made available to qualified purchasers and owners under the farm and home loan program.

  • Low interest loans are repaid over a period of between 10 and 15 years.

  • Major Programs● Alternative Agricultural Water Transfer Method Grant Program (ATM)● Low interest loans for Agriculture● Colorado’s Water Plan Grants for Agricultural Viability● Colorado Agriculture Water Resiliency Program● Colorado River Basin Salinity Control Program● Gunnison Basin Selenium Management Program Key Metrics Div Critical Strategies and Activities1.

  • Low interest loans, which require repayment after the recipient graduates or ceases to be at least a half-time student.

  • Low interest loans for the eligible project costs will be available to assist these communities.

  • Low interest loans are a frequently used tool – providing low cost financing opportunities that would otherwise not be available in the private market.

  • Low interest loans covering up to 950 of all development costs were made available to developers.

  • Affiliate - a Person: (i) which directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, a Person; (ii) which beneficially owns or holds 5% or more of any class of the Voting Stock of a Person; or (iii) 5% or more of the Voting Stock (or in the case of a Person which is not a corporation, 5% or more of the equity interest) of which is beneficially owned or held by a Person or a Subsidiary of a Person.

  • Low interest loans may also be considered from private banks as permitted by law.

  • Low- interest loans for septic system replacement have been useful since time of transfer legislation took effect.

Related to Low interest loans

  • Very Low Income means income that is 50 percent or less of the area median income.

  • Low-income means the adjusted income for a Family which does not exceed 80 percent of the area median income.

  • Very low-income unit means a restricted unit that is affordable to a very low-income household.

  • Low-income unit means a restricted unit that is affordable to a low-income household.

  • Low-income family means "a family whose annual income does not exceed 80 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 80 percent of the median income for the area on the basis of HUD's findings that such variations are necessary because of unusually high or low family incomes."

  • Low-income housing means housing affordable according to

  • Low-income customer means a utility customer whose household income is at or below 200% of the Federal Poverty Level (FPL) and provides proof of meeting the eligibility requirement at the time of enrollment.

  • Low-income person means a person with a family income of not more than 60% of the statewide median gross income who is eligible to participate in the charitable nonprofit housing organization's program based on criteria established by the charitable nonprofit housing organization.

  • Persons of low income means persons or families who lack the amount of income which is necessary (as determined by the housing authority undertaking the housing project) to enable them, without financial assistance, to live in decent, safe and sanitary dwellings, without overcrowding;

  • Eligible low-income customer means a customer whose household income does not exceed 150% of the poverty level, as published by the United States Department of Health and Human Services, or who receives any of the following:

  • Excess Cash Flow Interim Period means, (x) during any Excess Cash Flow Period, any one, two, or three-quarter period (a) commencing on the later of (i) the end of the immediately preceding Excess Cash Flow Period and (ii) if applicable, the end of any prior Excess Cash Flow Interim Period occurring during the same Excess Cash Flow Period and (b) ending on the last day of the most recently ended fiscal quarter (other than the last day of the fiscal year) during such Excess Cash Flow Period for which financial statements are available and (y) during the period from the Closing Date until the beginning of the first Excess Cash Flow Period, any period commencing on the Closing Date and ending on the last day of the most recently ended fiscal quarter for which financial statements are available.

  • Very low-income household means a household with a total gross annual household income equal to 30 percent or less of the median household income.

  • Below Investment Grade means, with respect to any Series of RVMTP Shares and as of any date, the following ratings with respect to each Rating Agency (to the extent it is a Rating Agency on such date):

  • First Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • 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.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Low-income households means households earning 80 percent or less of the countywide median income.

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

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • NOW IT IS HEREBY AGREED as follows:

  • Revolving Facility means, at any time, the aggregate amount of the Revolving Lenders’ Revolving Commitments at such time.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Net Load means the difference between the load of a given substance as calculated from a sample taken of the discharge and the load of the same substance in a sample taken at the intake which supplies water to given process. For purposes of this definition, samples that are taken to determine the net loading shall always be 24-hour composite samples made up of at least six increments taken at regular intervals throughout the plant day.

  • Replacement Loans has the meaning specified in Section 10.01.

  • First Lien Last Out Loan means a loan that, prior to an event of default under the applicable Related Contract, is entitled to receive payments pari passu with other senior secured loans of the same Obligor, but following an event of default under the applicable Related Contract, such Collateral Loan becomes fully subordinated to other senior secured loans of the same Obligor and is not entitled to any payments until such other senior secured loans are paid in full.