Area Median Income means the most recent applicable county median family income published by the California Tax Credit Allocation Committee.
Area Median Income means the median income (as such median income is adjusted for family size and established by HUD at least annually in accordance with the Federal Act or otherwise established by the GLO) for the area where the Property is located.
Area Median Income means, for purposes of this subdivision, the area median income for the primary metropolitan statistical area, or for the county if located outside a metropolitan statistical area, as determined by the United States department of housing and urban development, or its successor, for a family of four, as adjusted for family size.
Examples of Area Median Income in a sentence
The agreement provided Habitat with the opportunity to reserve five (5) lots and construct single-family homes on those lots for families earning at or below 80% of Area Median Income.
The Agreement provided Habitat with the opportunity to reserve 5 lots (#8, #9, #22, #23, #24) and construct single-family homes on those lots for families earning at or below 80% of Area Median Income.
Habitat is proposing to amend the Agreement to allow for 3 one-year extensions; to change the reserved lots; and increase the total amount of reserved lots to eight (8) which are to be used for construction of affordable single-family homes for families earning at or below 80% of Area Median Income.
More Definitions of Area Median Income
Area Median Income means area median income as periodically established by the Department of Housing and Community Development pursuant to Section 50093 of the Health and Safety Code. The developer shall provide sufficient legal commitments to ensure continued availability of units for very low or low-income households in accordance with the provisions of this subdivision for 30 years.
Area Median Income. (“AMI”) shall mean the median income of the county in which the Project is located, or the metropolitan statistical area of Chicago, or the metropolitan statistical area of St. Louis, adjusted for family size, as such adjusted income and median income for the area are determined from time to time by HUD for purposes of Section 8 of the United States Housing Act of 1937.
Area Median Income means the median income of the county
Area Median Income means the median income for the area as determined under section 8 of the United States housing act of 1937, 42 USC 1437f, adjusted for family size.
Area Median Income or “AMI” means the median income for the Washington, DC metropolitan statistical area, adjusted for Actual Household Size, as published from time to time by HUD.
Area Median Income means the median income for the metropolitan statistical area in which a household is located or, if the household is not located within a metropolitan statistical area, for the metropolitan statistical area in closest proximity to the location of the household, as determined by the Housing and Community Services Department, adjusted for household size.