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Section 30-13. Calculation of amount of grant. <br />• For qualifying applicants, the amount of the grant shall be <br />twenty-five percent of the amount determined by subtracting twenty- <br />four percent of gross combined income, as defined by subsection (d) <br />of section 30-11 of this Code, from the lesser of: <br />(a) The actual amount of rent paid; or <br />(b) Twe-bheesand-eight--hx*xi-rre&-eit&—iefilthq Three thousand six <br />hundred dollars. <br />If the applicant was a resident of the City for less than the <br />full grant year, the actual rent paid or maximum rent allowable <br />shall be prorated for the period of actual residency. <br />2. This ordinance shall become effective January 1, 1991. <br />Approved by Council <br />May 7, 1990 <br />•c of City Council <br />-7-14 <br />is <br />5 <br />