Low- and Moderate-Income definition

Low- and Moderate-Income means a household income equal to or less than 80 percent of area median income adjusted by family size.

Low- and Moderate-Income or “LMI” means a family or individual household whose annual income does not exceed eighty percent (80%) of the median family income or such other income limits as determined by HUD. This definition includes Very-Low-, Low-, and Moderate-Income households.

Low- and Moderate-Income. (LMI) means a family or household with an annual income less than 80 percent of the area median income.

Examples of Low- and Moderate-Income in a sentence

• All areas within the boundaries must be contiguous;• Demographic Criteria: The designated area must be a primarily residential area that contains at least 51% Low- and Moderate-Income (LMI) residents.

• At a minimum, 70% of program funds must meet the Low- and Moderate-Income (LMI) national objective as directed in Federal Register, Vol.

• In establishing the Low- and Moderate-Income Housing Goals, the Secretary considered the factors in12 U.S.C. 4562(b).

• At a minimum, 70% of program funds must meet a Low- and Moderate-Income national objective.

• This annual goal for the purchase by each GSE of mort- gages on housing for low- and mod- erate-income families (‘‘the Low- and Moderate-Income Housing Goal’’) is in- tended to achieve increased purchases by the GSEs of such mortgages.

More Definitions of Low- and Moderate-Income

Low- and Moderate-Income means income that does not exceed 80 percent of the median income of the area involved, as determined by the Secretary of Housing and Urban Development, with adjustments for smaller and larger families pursuant to section 102(a)(20) of the Housing and Community Development Act of 1974 (42 U.S.C. 5302(a)(20));

Low- and Moderate-Income. (LMI) means a family or household with an annual income

Low- and Moderate-Income means those who fall within the income range set by HUD for participating in the CDBG program. The HUD income range is contained in Exhibit F.

Low- and Moderate-Income means income that does not exceed 80 percent of the median income of the area involved, as determined by the Secretary of Housing and Urban Development, with adjustments for smaller and larger families pursuant to section 102(a)(20) of the Housing and Community Development Act of 1974, the pertinent provisions of which are codified at 42 U.S.C. 5302(a)(20).

Low- and Moderate-Income means a household whose annual income does not exceed 80 percent of the median income for the area, as determined by HUD.

Low- and Moderate-Income means those income levels as defined by AMBAG in the Housing Opportunity Plan dated January, 1978, and as updated to reflect current income levels.

Low- and Moderate-Income or “LMI” means a community solar subscriber that meets the definition of a low-income household or a moderate-income household. It may also mean an entity that qualifies as an affordable housing provider, pursuant to N.J.A.C. 14:8-9.8(a)2.