qualifying household
Defined in 2 places of the United States Code.
The term “qualifying household” means a household—
(A) who intends to occupy eligible single family property as a principal residence;
(B) who agrees to occupy the property as a principal residence for at least 12 months;
(C) who certifies in writing that the household intends to occupy the property as a principal residence for at least 12 months; and
(D) whose income does not exceed 115 percent of the median income for the area, as determined by the Secretary, with adjustment for family size.
Source
- 1994–present12 U.S.C. § 1831QBanks and Banking · FDIC affordable housing program · for purposes of this section
The term “qualifying household” means a household (i) who intends to occupy eligible single family property as a principle 6 residence; and (ii) who agrees to occupy the property as a principal residence for at least 12 months (except as provided in paragraph (2)(D)); (iii) who certifies in writing that the household intends to occupy the property as a principal residence for at least 12 months (except as provided in paragraph (2)(D)); and (iv) whose income does not exceed 115 percent of the median income for the area, as determined by the Secretary, with adjustment for family size.
Source
- 1994–200012 U.S.C. § 1441ABanks and Banking · Thrift Depositor Protection Oversight Board and Resolution Trust Corporation · under this section
The term “qualifying household” means a household (i) who intends to occupy eligible single family property as a principle 7 residence; and (ii) who agrees to occupy the property as a principal residence for at least 12 months (except as provided in paragraph (2)(D)); (iii) who certifies in writing that the household intends to occupy the property as a principal residence for at least 12 months (except as provided in paragraph (2)(D)); and (iv) whose income does not exceed 115 percent of the median income for the area, as determined by the Secretary, with adjustment for family size.
Source
- 2000–present12 U.S.C. § 1441ABanks and Banking · Thrift Depositor Protection Oversight Board and Resolution Trust Corporation · under this section