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Adjustment of qualifying rent

The Secretary may adjust the qualifying rent established for a project under subparagraph (A) of paragraph (1), only if the Secretary finds that such adjustment is necessary to support the continued financial viability of the project and only by such amount as the Secretary determines is necessary to maintain continued financial viability of the project.

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'

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us/statute/42/12745/a/2 — Adjustment of qualifying rent · Axiom

Adjustment of qualifying rent

Official source

in view

Whole section

▸rulespec code

Shown source

statutes/42/12745.yaml

Displaying the canonical repository encoding.

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'