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14-20 Cedar Glen Bond Ordinance Addendums
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14-20 Cedar Glen Bond Ordinance Addendums
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Last modified
3/18/2020 2:57:42 PM
Creation date
3/18/2020 2:55:23 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
3/23/2020
Bill Number
14-20
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(3) enter at right the greater of the amount <br /> calculated under(1) or(2) above: $ <br /> c. TOTAL ELIGIBLE INCOME .a Line l plus <br /> ( <br /> line 1.b(3)): $ <br /> 2. The amount entered in 1.c is: <br /> Less than 50% of Median Gross Income for Area.2 <br /> More than 50%of Median Gross Income for the Area.3 <br /> 3. Number of apartment unit assigned: <br /> Bedroom Size: Rent: $ <br /> 4. The last tenants of this apartment unit for a period of at least 30 consecutive days <br /> [had/did not have] aggregate anticipated annual income, as certified in the above manner <br /> upon their initial occupancy of the apartment unit, of less than 50% of Median Gross <br /> Income for the Area. <br /> 5. Method used to verify applicant(s) income: <br /> Employer income verification. <br /> Copies of tax returns. <br /> Other( ) <br /> 2 "Median Gross Income for the Area" means the median income for the area where the Project is located as <br /> determined by the Secretary of Housing and Urban Development under Section 8 of the United States Housing Act <br /> of 1937, as amended, or if programs under Section 8 are terminated, median income determined under the method <br /> used by the Secretary prior to the termination. "Median Gross Income for the Area" shall be adjusted for family <br /> size. "Median Gross Income for the Area"shall not be reduced for any calendar year to which Section 3009 of the <br /> Housing and Economic Recovery Act of 2010 applies. <br /> 3 See Footnote 2. <br /> B-8 <br />
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