Homebuyer Subsidy Sample Clauses

Homebuyer Subsidy. The Homebuyer Subsidy is the amount of the Selling Price of the Project minus the Qualified Homebuyer’s home loan (the “Homebuyer Loan”). The Homebuyer Subsidy is limited to (a) thirty percent (30%) of the Selling Price capped for a maximum amount of $75,000 for LMMI households or (b) fifty percent (50%) of the Selling Price capped for a maximum amount of $75,000 for VLI households. The Homebuyer Subsidy is an amount which will be assumed by the Qualified Homebuyer in the form of silent second mortgage assistance to Qualified Homebuyer; and (3)
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Homebuyer Subsidy. The Homebuyer Subsidy is 7 the amount of the Selling Price of the Project 8 minus the Qualified Homebuyer’s home loan (the 9 “Homebuyer Loan”). The Homebuyer Subsidy is 10 limited to (a) thirty percent (30%) of the Selling 11 Price capped for a maximum amount of $75,000 12 for LMMI households or (b) fifty percent (50%) of 13 the Selling Price capped for a maximum amount of 14 $75,000 for VLI households. The Homebuyer 15 Subsidy is an amount which will be assumed by 16 the Qualified Homebuyer in the form of silent 17 second mortgage assistance to Qualified 18 Homebuyer; and

Related to Homebuyer Subsidy

  • Seller For each Mortgage Loan, the seller of such Mortgage Loan pursuant to the Mortgage Loan Purchase Agreement.

  • Buyer (Buyer) will take title 16 to the Property described below as Joint Tenants Tenants In Common Other .

  • Insurance Companies Insurance required hereunder shall be in companies duly licensed to transact business in the State of Washington, and maintaining during the policy term a General Policyholders Rating of ‘A-’ or better and a financial rating of ‘IX’ or better, as set forth in the most current issue of “Best’s Insurance Guide.”

  • First-time homebuyer You may take payments from your IRA to use toward qualified acquisition costs of buying or building a principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution. 8) IRS levy. Payments from your IRA made to the U.S. government in response to a federal tax levy are not subject to the 10 percent early distribution penalty tax. 9)

  • Legal Entity Contributor If Contributor is a corporation (or other form of artificial legal entity or juristic person) and is therefore a Legal Entity Contributor (defined in Table 1 above and in the IPR Policy), it will be represented in OpenID by Representatives (defined in the IPR Policy). In such case, Contributor’s initial Representatives are identified in Table 1 above, and in a supplemental exhibit (if attached). Contributor will, as soon as commercially practicable (and in any case before the next Work Group meeting attended by any of its Representatives), notify OIDF in writing of any change of status of its Representatives.

  • Buyer Policies Seller agrees that Xxxxx’s internal policies, procedures and codes are intended to guide the internal management of the Buyer and are not intended to, and do not, create any right or benefit, substantive or procedural, enforceable at law or in equity, by the Seller against the Buyer.

  • Seller Financing Seller agrees to provide financing to the Buyer under the following terms and conditions:

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

  • Medical Flexible Spending Arrangement A. During January 2020 and again in January 2021, the Employer will make available two hundred fifty dollars ($250) in a medical flexible spending arrangement (FSA) account for each bargaining unit member represented by a Union in the Coalition described in RCW 41.80.020(3), who meets the criteria in Subsection 28.7(B) below.

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