Examples of Area Median Income in a sentence
Individual persons or families provided a specific direct benefit or service must qualify under current income eligibility limits (% of Area Median Income), as established by the Department of Housing and Urban Development (HUD).
Area Median Income (AMI) Limits can be located for each county at: xxx.xxxxxxx.xxx (Data Sets, Income Limits).
Tenants of Rental Dwellings must be Eligible Tenants who, at the time of lease execution during the Affordability Period, must have gross annual incomes at or below 90% Area Median Income (AMI) adjusted for household size as published by the U.S. Department of Housing and Urban Development (HUD) or otherwise determined by the City of Savannah Housing and Neighborhood Services Department (HNSD) with verification provided to the HNSD prior to lease execution.
The initial purchaser of each newly constructed For Sale Dwelling must be an Eligible Purchaser who, at the time of purchase, has a gross annual income at or below 90% Area Median Income (AMI) adjusted for household size as published by the U.S. Department of Housing and Urban Development (HUD) or otherwise determined by the City of Savannah Housing and Neighborhood Services Department (HNSD) with verification provided to the HNSD prior to sale.
The granted funds will include specific programmatic outcomes, including but not limited to, supporting at least one hundred affordable dwelling units for households and individuals earning between 30-60% of the Area Median Income, by December 2024.