Differences

This shows you the differences between two versions of the page.

--- board_handbook:annual_income_verification [2025/05/19 18:26] – awhetter
+++ board_handbook:annual_income_verification [2025/05/21 04:08] (current) – Link to terminology page for definitions awhetter
@@ Line 1: / Line 1: @@
 ====== Annual Income Verification ======
-Annual Income Verification (AIV) is a yearly process that seeks to confirm the current income of members in affordable and subsidised units. It involves the collection of evidence to support member's application for continued residence in Housing Income Limits (HILs) and Lower-end-of-market (LEM aka Rent-geared-to-income) units (https://metrovancouver.org/services/housing/apply-for-housing).
+Annual Income Verification (AIV) is a yearly process that seeks to confirm the current income of members in affordable and subsidised units. It involves the collection of evidence to support member's application for continued residence in [[terminology#housing_income_limits_hils|Housing Income Limits (HILs)]] and [[terminology#lower_end_of_market_lem|Lower-end-of-market (LEM)]] units.
 ===== Timeline =====
-AIV is a crucial step in the [[budget|Budget]] process. AIV is required to understand how many HILs and LEM units are in the building, and therefore which units have housing charges that are fixed and what those chargers are. This information is required for us to understand what the housing charges will need to be for all other units.
+AIV is a crucial step in the [[budget|Budget]] process. AIV is required to understand how many HILs and LEM units are in the building, and therefore which units have housing charges that are fixed and what those charges are. This information is required for us to understand what the housing charges will need to be for all other units.
 In short, we cannot draft and approve the Co-op's budget until AIV has been completed.