Gross Annual Household Income definition

Gross Annual Household Income means the gross, pre-tax income of all adult occupants of the applicant household, and as may be further defined in the BMR Home Ownership Program Guidelines.
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Gross Annual Household Income means the total before tax income of all adults (19 years and older) living in the Affordable Rental Housing unit.
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Gross Annual Household Income means the combined adjusted gross (pre-tax) income of all adult persons in a household as calculated pursuant to the Section 8 Program under the United States Housing Act of 1937, as amended, or its successor.
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Examples of Gross Annual Household Income in a sentence

  • Affordable Sales Price means a sales price that will result in an Affordable Ownership Cost for a household whose Gross Annual Household Income does not exceed 110% of Area Median Income (defined in Section 6.b above) based upon Assumed Household Size (defined below).


More Definitions of Gross Annual Household Income

Gross Annual Household Income means all money received by all persons living in the household, including Social Security benefits, Veterans benefits, Alimony, Child Support, Interest income, Unemployment benefits, Workers Compensation benefits, Strike benefits, Cash Public Assistance benefits, Wages and tips.
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Gross Annual Household Income means the total gross annual income of all members of the household, excluding the following:
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Gross Annual Household Income means the total income of the applicant and any member of the applicant's household received each year from all sources before taxes are withheld or deductions are taken.
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Gross Annual Household Income means incoming money that is earned or unearned by all the household members. For example: wages, salaries, interest, dividends, spousal support and child support payments, public assistance payments, social security and pensions, rental income, income from self- employment, and all employment-related, non-cash income, and money from other sources. If your household income is the same or less than 30% AMI you are eligible for a $30 credit each month. If your household income is the same or less than 50% AMI you are eligible for a $20 credit each month.
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Related to Gross Annual Household Income

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Gross Revenue means all of the earnings and revenues received by the RECIPIENT from the maintenance and operation of the Utility and all earnings from the investment of money on deposit in the Loan Fund, except (i) Utility Local Improvement Districts (ULID) Assessments, (ii) government grants, (iii) RECIPIENT taxes, (iv) principal proceeds of bonds and other obligations, or (v) earnings or proceeds (A) from any investments in a trust, Defeasance, or escrow fund created to Defease or refund Utility obligations or (B) in an obligation redemption fund or account other than the Loan Fund until commingled with other earnings and revenues of the Utility or (C) held in a special account for the purpose of paying a rebate to the United States Government under the Internal Revenue Code.

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.