06/11/2013AP - Laserfiche WebLink

Home Browse Search

420.0004 - - 2012 Florida Statutes - The Florida Senate Page 1 of 2 The Florida Senate 2012 Florida Statutes TITLE XXX CHAPTER 420 VIEW ENTIRE CHAPTER SOCIAL WELFARE HOUSING 420.0004 Definitions.—As used in this part, unless the context otherwise indicates: (1) "Adjusted for family size" means adjusted in a manner which results in an income eligibility level which is lower for households with fewer than four people, or higher for households with more than four people, than the base income eligibility determined as provided in subsection(9), subsection(11), subsection(12),or subsection (17), based upon a formula as established by the United States Department of Housing and Urban Development. (2) "Adjusted gross income" means all wages, assets, regular cash or noncash contributions or gifts from persons outside the household, and such other resources and benefits as may be determined to be income by the United States Department of Housing and Urban Development, adjusted for family size, less deductions allowable under s. 62 of the Internal Revenue Code. (3) "Affordable" means that monthly rents or monthly mortgage payments including taxes, insurance,and utilities do not exceed 30 percent of that amount which represents the percentage of the median adjusted gross annual income for the households as indicated in subsection(9), subsection(11), subsection(12), or subsection (17). (4) "Corporation" means the Florida Housing Finance Corporation. (5) "Community-based organization" or"nonprofit organization" means a private corporation organized ander chapter 617 to assist in the provision of housing and related services on a not-for-profit basis and which is '"""acceptable to federal and state agencies and financial institutions as a sponsor of low-income housing. (6) "Department" means the Department of Economic Opportunity. (7) "Disabling condition" means a diagnosable substance abuse disorder, serious mental illness, developmental disability, or chronic physical illness or disability, or the co-occurrence of two or more of these conditions, and a determination that the condition is: (a) Expected to be of long-continued and indefinite duration;and (b) Not expected to impair the ability of the person with special needs to live independently with appropriate supports. (8) "Elderly" describes persons 62 years of age or older. (9) "Extremely-low-income persons" means one or more natural persons or a family whose total annual household income does not exceed 30 percent of the median annual adjusted gross income for households within the state. The Florida Housing Finance Corporation may adjust this amount annually by rule to provide that in lower income counties,extremely low income may exceed 30 percent of area median income and that in higher income counties, extremely low income may be less than 30 percent of area median income. (10) "Local public body"means any county, municipality, or other political subdivision, or any housing authority as provided by chapter 421, which is eligible to sponsor or develop housing for farmworkers and very- low-income and low-income persons within its jurisdiction. (11) "Low-income persons" means one or more natural persons or a family, the total annual adjusted gross household income of which does not exceed 80 percent of the median annual adjusted gross income for touseholds within the state, or 80 percent of the median annual adjustedgross.i>ncome for households within the httn•/Axnznu flzpnatP anv/T nnnn rIn1-1