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Increases in tenant income

1 rule

Housing shall qualify as affordable housing despite a temporary noncompliance with subparagraph (B) or (C) of paragraph (1) if such noncompliance is caused by increases in the incomes of existing tenants and if actions satisfactory to the Secretary are being taken to ensure that all vacancies are filled in accordance with paragraph (1) until such noncompliance is corrected. Tenants who no longer qualify as low-income families shall pay as rent the lesser of the amount payable by the tenant under State or local law or 30 percent of the family’s adjusted monthly income, as recertified annually. The preceding sentence shall not apply with respect to funds made available under this Act for units that have been allocated a low-income housing tax credit by a housing credit agency pursuant to section 42 of title 26 .

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Encodings · 1

tenant_income_increase_rent_limit_rate42 USC § 12745 (a)(3) · parameter

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'

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▸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/3 — Increases in tenant income · Axiom

Increases in tenant income

1 rule

Official source

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Whole section

Encodings · 1

tenant_income_increase_rent_limit_rate42 USC § 12745 (a)(3) · parameter

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'

open in graph ↗

▸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'