LMI definition
Examples of LMI in a sentence
A person is considered LMI if the total family income (prior to employment with the Company on New Job creation projects) is below the established limits.
It is important to acknowledge that the Oak Park facility serves 86 LMI adults with IDD who have few options for this type of service.
Agencies will make efforts to ensure LIHEAP benefits are not negatively impacted by participation in community solar through the Connector and also ensure that interactions between community solar and LIHEAP are communicated to potential, current, and future LMI subscribers.
If the Company fails to meet the LMI requirements set forth in Section 4 of this Agreement, the Company agrees to pay to DED, upon 60 days written notice by DED, an amount equal to 100% of the CDBG funds provided by DED for the Project, 4% simple interest annually accruing from the date CDBG funds were first received by the Subrecipient and any expenses associated with the collection of funds from the Company due to this penalty.
The Company agrees that at least 51% of all New or Retained Jobs (as applicable) as a result of the Project will be from families classified as “low and moderate income” (LMI) as defined by HUD for the CDBG program.