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Waiver of qualifying rent

(A) In general For the purpose of providing affordable housing appropriate for families described in subparagraph (B), the Secretary may, upon the application of the project owner, waive the applicability of subparagraph (A) of paragraph (1) with respect to a dwelling unit if— (i) the unit is occupied by such a family, on whose behalf tenant-based assistance is provided under section 1437f of this title ; (ii) the rent for the unit is not greater than the existing fair market rent for comparable units in the area, as established by the Secretary under section 1437f of this title ; and (iii) the Secretary determines that the waiver, together with waivers under this paragraph for other dwelling units in the project, will result in the use of amounts described in clause (iii) 1 1 So in original. in an effective manner that will improve the provision of affordable housing for such families.

(B) Eligible families A family described in this subparagraph is a family that consists of at least one elderly person (who is the head of household) and one or more of such person’s grand 2 2 So in original. Probably should be “grandchildren”. children, great grandchildren, great nieces, great nephews, or great great grandchildren (as defined by the Secretary), but does not include any parent of such grandchildren, great grandchildren, great nieces, great nephews, or great great grandchildren. Such term includes any such grandchildren, great grandchildren, great nieces, great nephews, or great great grandchildren who have been legally adopted by such elderly person.

in view

Whole section

▸rulespec code

Shown source

statutes/42/12745.yaml

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Rules

rental_median_income_reference_rate

Parameter

source: 42 USC 12745(a)

- name: rental_median_income_reference_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 12745(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12745
            excerpt: 65 percent of the median income for the area
  versions:
    - effective_from: '2024-01-01'
      formula: '0.65'

rental_very_low_income_unit_minimum_rate

Parameter

source: 42 USC 12745(a)(1)(B)

- name: rental_very_low_income_unit_minimum_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 12745(a)(1)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12745
            excerpt: not less than 20 percent of the units
  versions:
    - effective_from: '2024-01-01'
      formula: '0.20'

tenant_rent_contribution_income_limit_rate

Parameter

source: 42 USC 12745(a)(1)(B)(i)

- name: tenant_rent_contribution_income_limit_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 12745(a)(1)(B)(i)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12745
            excerpt: not more than 30 percent of the family’s monthly adjusted income
  versions:
    - effective_from: '2024-01-01'
      formula: '0.30'

tenant_income_increase_rent_limit_rate

Parameter

source: 42 USC 12745(a)(3)

- name: tenant_income_increase_rent_limit_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 12745(a)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12745
            excerpt: 30 percent of the family’s adjusted monthly income
  versions:
    - effective_from: '2024-01-01'
      formula: '0.30'

homeownership_initial_purchase_price_median_purchase_price_limit_rate

Parameter

source: 42 USC 12745(b)(1)

- name: homeownership_initial_purchase_price_median_purchase_price_limit_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 12745(b)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12745
            excerpt: does not exceed 95 percent of the median purchase price for the area
  versions:
    - effective_from: '2024-01-01'
      formula: '0.95'

▸citations (2)

References

This rule cites 2 other rules.

42 USC § 1437finferredUS Federal › Statutes › Title 42 › § 1437f
42 USC § 1437finferredUS Federal › Statutes › Title 42 › § 1437f

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us/statute/42/12745/a/6 — Waiver of qualifying rent · Axiom

Waiver of qualifying rent

Official source

in view

Whole section

▸rulespec code

Shown source

statutes/42/12745.yaml

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This encoding covers the parent provision us/statute/42/12745; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

rental_median_income_reference_rate

Parameter

source: 42 USC 12745(a)

- name: rental_median_income_reference_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 12745(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12745
            excerpt: 65 percent of the median income for the area
  versions:
    - effective_from: '2024-01-01'
      formula: '0.65'

rental_very_low_income_unit_minimum_rate

Parameter

source: 42 USC 12745(a)(1)(B)

- name: rental_very_low_income_unit_minimum_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 12745(a)(1)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12745
            excerpt: not less than 20 percent of the units
  versions:
    - effective_from: '2024-01-01'
      formula: '0.20'

tenant_rent_contribution_income_limit_rate

Parameter

source: 42 USC 12745(a)(1)(B)(i)

- name: tenant_rent_contribution_income_limit_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 12745(a)(1)(B)(i)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12745
            excerpt: not more than 30 percent of the family’s monthly adjusted income
  versions:
    - effective_from: '2024-01-01'
      formula: '0.30'

tenant_income_increase_rent_limit_rate

Parameter

source: 42 USC 12745(a)(3)

- name: tenant_income_increase_rent_limit_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 12745(a)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12745
            excerpt: 30 percent of the family’s adjusted monthly income
  versions:
    - effective_from: '2024-01-01'
      formula: '0.30'

homeownership_initial_purchase_price_median_purchase_price_limit_rate

Parameter

source: 42 USC 12745(b)(1)

- name: homeownership_initial_purchase_price_median_purchase_price_limit_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 12745(b)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12745
            excerpt: does not exceed 95 percent of the median purchase price for the area
  versions:
    - effective_from: '2024-01-01'
      formula: '0.95'

▸citations (2)

References

This rule cites 2 other rules.

42 USC § 1437finferredUS Federal › Statutes › Title 42 › § 1437f
42 USC § 1437finferredUS Federal › Statutes › Title 42 › § 1437f