Lower income families definition

Lower income families means families whose incomes do not exceed eighty percent of the median income for the area with adjustments for the size of the family or other adjustments necessary due to unusual prevailing conditions in the area, and includes but is not limited to very low income families.
Sample 1Sample 2Sample 3
Lower income families are persons or families whose annual incomes do not exceed 80% of Area Median Income.
Sample 1Sample 2Sample 3
Lower income families means families whose incomes do not exceed 80 percent of the median income for the area with adjustments for the size of the family or other adjustments necessary due to unusual prevailing conditions in the area, and includes, but is not limited to, very low-income families. “Low- or moderate-income families” means families who cannot afford to pay enough to cause pri- vate enterprise in their locality to build an adequate supply of decent, safe, and sanitary dwellings for their use, and also includes, but is not limited to, (1) elderly families, families in which one or more persons are handicapped or disabled, lower-income families and very low-income families; and (2) families purchasing or renting qualified residential housing whose incomes do not exceed 100 percent of the median income for the area with adjustments for the size of the family or other adjustments nec-
Sample 1Sample 2

Examples of Lower income families in a sentence

  • Lower income families (below $40 000) are out of the market completely; only at around $60 000 is there capacity to purchase, but then this applies only in outer suburbs and growth areas.

  • Lower income families will likely be subject to a flat dollar amount penalty.

  • Lower income families spend a higher percentage of their total income on essentials like food and shelter, and in many cases, may depend on the earnings of children to provide for these basic needs.

  • Lower- income families may agree to in-home interviews but may be more likely to respond negatively to invitations that require more active participation to secure consent (like attending an information session at a specified venue) with no guaranteed return.

  • Lower income families should benefit as visiting open space is a free activity everyone can do.

  • Lower income families spend more on basics (including food) and higher income families can afford a greater proportion on non-food items.

  • Lower income families find themselves saddled by monthly housing costs at an even higher rate.

  • Lower income families are less likely to use early education and center-based care compared to higher income families (Coley et al., 2014).

  • In the event the resident’s income fluctuates and returns to a lower level and within the stated income limits, Housing Nantucket will reevaluate the resident’s household income and take appropriate action to make an adjustment to the rent according to the change in household income.

  • Lower- income families are economically worse off now than a few years ago.The economic recession has had significant impact in New Hampshire and many people are struggling financially.


More Definitions of Lower income families

Lower income families are persons or families whose annual incomes to do not exceed 80% of Area Median Income.
Sample 1

Related to Lower income families

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.