Median income definition

Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

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Median income means the median income by household size for the applicable county, as adopted annually by the Department.

Median income means the median gross yearly income, adjusted for Actual Household Size as specified herein, in the County of Contra Costa, California, as published from time to time by HUD. In the event that such income determinations are no longer published, or are not updated for a period of at least eighteen (18) months, the County shall provide Borrower with other income determinations that are reasonably similar with respect to methods of calculation to those previously published by HUD.

Examples of Median income in a sentence

The gross monthly cost for Very Low Income is the product of 30 percent times 50 percent of the Orange County Area Median Income adjusted for household size appropriate to the unit, (as shown in Table 1).1 1 “Adjusted for household size appropriate to the unit” shall mean for a household of one person in the case of a studio unit, two persons in the case of a one-bedroom unit, and three persons in the case of a two-bedroom unit.
Rent increases for Income-Restricted Units may not allow rents paid by Tenants to exceed the rental rate requirements established above, and shall be based on Area Median Income increases for the household sizes and income levels specified in this Article IV, as published annually by HUD for the Washington, D.C. Metropolitan area.
Homeschool Enrollment, Median Minority Population Percentage, and Median Income Per District 61 Table 26.
Number of Online Schools Per District, Median Minority Population Percentage, and Median Income Per District 59 Table 25.
The Owner shall restrict rents for the units in the Project occupied, or held for occupancy, by Qualifying Tenants to an amount which does not exceed 30% of 50% of Median Income.

More Definitions of Median income

Median income means the median income by household size for the applicable county, as adopted annually by COAH or approved by the NJ Superior Court.

Median income means those incomes that are determined by the federal Department of Housing and Urban Development guidelines and adjusted for family size.

Median income means the median income by household size for the applicable

Median income means annual median family income for the Seattle-Bellevue, WA HUD Metro FMR Area, as published from time to time by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 or successor program, with adjustments according to household size in a manner determined by the Director, which adjustments shall be based upon a method used by HUD, and which adjustments for purposes of determining affordability shall be based on the presumed size of household considered to correspond to the size of the housing unit: for rental housing, one (1) person for studio units and one and a half (1.5) persons per bedroom for other units; for ownership housing, as stated in Chapter 4, Section I.D for Resale Restricted Homes.

Median income means area median income as determined by HUD for the San Francisco area, adjusted solely for household size, but not high housing cost area.

Median income means the median family income for the Seattle-Bellevue, WA HUD Metro FMR Area as most recently published by the Secretary of Housing and Urban Development (HUD), as amended. In the event that HUD no longer publishes median family income figures, the City may estimate the Median Income applicable to the City in such manner as the City shall determine in its sole discretion.

Median income means, after adjustments for household size, the area median income as determined by the United States Department of Housing and Urban Development for the municipality in which an approved incentive housing zone or development is located.