These
are some terms that are specifically related to HUD's Office of
Community Planning and Development (CPD) programs or functions.
Landholding
agency
means a Federal department or agency with statutory authority to
control real property.
Lease
means an agreement between either the Department of Health and Human
Services for surplus property, or landholding agencies in the case
of non-excess properties or properties subject to the Base Closure
and Realignment Act (Public Law 100-526; 10 U.S.C. 2687), and the
applicant, giving rise to the relationship of lessor and lessee
for the use of Federal real property for a term of at least one
year under the conditions set forth in the lease document.
Low
Income
A household whose income does not exceed 80 percent of the median
income for the area, as determined by HUD, with adjustments for
smaller or larger families. HUD may establish income ceilings higher
or lower than 80 percent of the median for the area median on the
basis of HUD's findings that such variations are necessary because
of prevailing levels of construction costs or fair market rents,
or unusually high or low family incomes.
Low-
and moderate-income household
means a household having an income equal to or less than the Section
8 low-income limit established by HUD.
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Low-
and moderate-income person
means a member of a family having an income equal to or less than
the Section 8 low-income limit established by HUD. Unrelated individuals
will be considered as one-person families for this purpose.
Lower-Income
Rental Assistance (Section 8 Certificates and Vouchers)
HUD assists low- and very low-income families in obtaining decent,
safe, and sanitary housing in private accommodations by making up
the difference between what they can afford and the approved rent
for an adequate housing unit.
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