Low-to-Moderate Income (LMI) definition

Low-to-Moderate Income (LMI) means any census tract (or equivalent geographic area defined by the Bureau of the Census) in which at least 50% of households have an income less than 60 percent of the Area Median Gross Income (AMGI), or which has a poverty rate of at least 25%.
Sample 1Sample 2Sample 3
Low-to-Moderate Income (LMI) means an income is less than 80% of the local area median income.
Sample 1Sample 2

Examples of Low-to-Moderate Income (LMI) in a sentence

  • Low-to-Moderate Income (LMI) census tracts, for the purpose of this reporting and providing a 20% loss reserve contribution for the lender, includes tracts with median income that falls below 120% of the Area Median Income (AMI).

  • North Carolina is dedicated to prioritizing assistance toward residents that face the most financial barriers to recovery and fully intends to comply with the HUD Low-to-Moderate Income (LMI) national objective requirement of 70 percent of the total grant.

  • In addition, 7139 Low-to-Moderate Income (LMI) households experience one or more housing problem, with the lower the income the greater the presence of one of the housing problems identified above.

  • TxCDBG funds will only pay for the systems that are located on homeowner’s private property for Low-to-Moderate Income (LMI) persons.

  • Despite that challenge this Action Plan ensures that all funds will be managed to meet one or more of three national objectives:  Benefit to Low-to-Moderate Income (LMI) Households Urgent Need Elimination of Slums and Blight In addition to meeting these required objectives, the City of Columbia also aspires to promote economic development in under-developed areas, improve quality of life for all its citizens, and strengthen its communities through judicious management of federal government funding.

  • To be recognized as Low-to-Moderate Income (LMI), a household’s Modified AGI cannot exceed 80% of Area Median Income (AMI), adjusted for family size for the county in which their primary residence is located.

  • North Carolina is dedicated to prioritizing assistance toward residents that face the most financial barriers to recovery and fully intends to comply with the HUD Low-to-Moderate Income (LMI) national objective requirement of 75% of the total grant.

  • The EDLP provides affordable non- conventional financing to eligible businesses and development projects that result in the retention and/or creation of jobs, 51% of which will be filled by individuals from Low-to-Moderate Income (LMI) households where LMI is calculated as up to 80% of area median income (AMI) as published by HUD for the most recent fiscal year.

  • Project Description Subrecipient will provide a Buyout Program to remove homes from the housing stock that are in areas with a high risk of flooding or in areas at a high risk of flooding for Low-to-Moderate Income (LMI) individual households affected by Hurricane Xxxxxx.

  • Section 106 of the Indian Evidence Act provides that when any fact is especially within the knowledge of any person, the burden of proving that fact is upon him.

Related to Low-to-Moderate Income (LMI)