Low End Market Rental and Non Market Rental Housing Oversight

The following circumstances, and others that may be offered by Council, would be recognized in the Policy as a basis for granting an exemption: 1. The basis for the income exceedance demonstrates that it is limited and unlikely to reoccur; 2. The income exceedance has not occurred in the two years preceding the year of default; and 3. The extent of the exceedance is limited to no more than 10% of the income threshold applicable to LEMR and non-market rental homes.

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