====== Terminology ======

This page lists definitions of the various acronyms and terminology that you'll need to be aware of as a Board Director.


===== Annual Income Verification (AIV) =====

See [[annual_income_verification|Annual Income Verification]]


===== Housing Income Limits (HILs) =====

See [[https://metrovancouver.org/services/housing/apply-for-housing#:~:text=Rent-geared-to-income]]

We sometimes say "HILs" when referring to the units in the building that are assigned to the HILs program.


===== Lower End of Market (LEM) =====

See [[https://metrovancouver.org/services/housing/apply-for-housing#:~:text=Low-end-of-market]]

The plural "LEMs" refers to the LEM units in the building.