LMI Persons definition

LMI Persons means persons with household income less than eighty (80) percent of the median household income by family size in the County where the Project is located.
View Source
LMI Persons means persons with household income less than eighty
View Source
LMI Persons means persons with household income less than eighty (80) percent of the median household income by family size in Sheboygan County.
View Source

Examples of LMI Persons in a sentence

  • If at the end of the approved Project period the Corporation has failed to create the full number of New Jobs or the required number of New Jobs are not filled by LMI Persons as presented in Section I.

  • The Subrecipient certifies that the activities carried out under this Agreement shall meet one of the following national objective(s) and satisfy the following criteria: Urgent Need 24 C.F.R. § 570.483(d) Benefit to LMI Persons - 24 C.F.R. § 570.483(b) Slum & Blight Prevention 24 C.F.R. § 570.483(c)(1) - and moderate-income persons served.

  • The requirement that LMI Persons must hold a minimum of fifty-one percent (51%) of all jobs created cannot be waived.

  • Benefit to Low- and Moderate-Income (LMI) Persons or Households a.

  • The Corporation also agrees that if at the Job Creation End Date the number of New Jobs employed at the Facility filled by prior LMI Persons falls below fifty one percent (51%), the entire grant amount will be due and payable to DOC by the Corporation.


More Definitions of LMI Persons

LMI Persons means persons with household income less than eighty (80) percent of the median household income by family size in the County where the Project is located as defined by the income limits provided by United States Department of Housing and Urban Development (see Attachment A).
View Source

Related to LMI Persons

  • Controlling Persons means the natural persons who exercise control over an Entity. In the case of a trust, such term means the settlor, the trustees, the protector (if any), the beneficiaries or class of beneficiaries, and any other natural person exercising ultimate effective control over the trust, and in the case of a legal arrangement other than a trust, such term means persons in equivalent or similar positions. The term “Controlling Persons” shall be interpreted in a manner consistent with the Financial Action Task Force Recommendations.

  • Excluded Persons means (A) the Company or any Regency Entity; (B) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Regency Entity; (C) an underwriter temporarily holding securities pursuant to an offering of such securities; or (D) a corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of stock in the Company.

  • Designated Persons means:

  • Displaced Persons means persons who, on account of the execution of the Project, have experienced or would experience direct economic and social impacts caused by: (a) the involuntary taking of land, resulting in: (i) relocation or loss of shelter; (ii) loss of assets or access to assets; or (iii) loss of income sources or means of livelihood, whether or not such persons must move to another location; or (b) the involuntary restriction of access to legally designated parks and protected areas, resulting in adverse impacts on the livelihood of such persons; and a “Displaced Person” means any of such Displaced Persons.

  • interested persons and “Assignment” shall have their respective meanings as set forth in the 1940 Act, subject, however, to such exemptions as may be granted by the Commission under the 1940 Act or any interpretations of the Commission staff.