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Mixed income definition

Mixed incomeÌýmeans the project must be eligible for Mixed Income points under this Plan.
Mixed incomeÌýmeans the proceeds of sale in a case where an item falling within subsection (2) of section 357CB and an item not falling within that subsection are sold together as, or as part of, a single unit for a single price.
Mixed incomeÌýdevelopment means any combination of market- rate and/or affordable or subsidized units in a development.

Examples of Mixed income in a sentence

  • Mixed income properties can rely on the most recent income certification.

  • Mixed income properties require special tracking to comply with the 140% rule, next available unit rule, and the vacant unit rule.

  • Mixed income projects are eligible and encouraged, however not all units in a mixed income project will be eligible for HOME funding.

  • Annual recertification is as follows: o Mixed income LIHTC properties must income recertify annually but owners/agents are not required to verify income and income from assets, unless there is other financing or rental subsidy program that requires such verification.

  • Mixed income projects are not eligible to use the Average Income Test.

  • Mixed income households are also subject to liquid assets eligibility criteria, as detailed in section V., subsection B(2).

  • Mixed income projects are eligible, however not all units in a mixed income project will be eligible for HOME funding.

  • Mixed income proposals must submit a Market Study completed by an independent third party.

  • Annual recertification is as follows: o Mixed income HTC properties must income recertify annually but owners/agents are not required to verify income and income from assets, unless there is other financing or rental subsidy program that requires such verification.

  • Mixed income projects are eligible and encouraged, however not all units in a mixed income project will be eligible for funding through the Housing Trust Fund.


More Definitions of Mixed income

Mixed incomeÌýmeans a property with housing for low-income residents and non-
Mixed incomeÌýmeans a designation for a residential project,
Mixed incomeÌýmeans access to stuff but also that world; but having them around isn’t enough. Creating diversity in the property so that when you get out of Section 8 you have some place actually possible to move in the building.

Related to Mixed income

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

  • Earned Income means the same as that term is defined in § 32(c) of the Internal Revenue Code. The

  • Accrued income means the sum of:

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • Moderate income means more than 50 percent but less than 80