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. (LMI) means a family or household with an annual income less than 80 percent of the area median 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));

Examples of Low and Moderate Income in a sentence

• Separate schedules should be completed for the Low and Moderate Income Housing Fund and for all other funds combined (excluding the Low and Moderate Income Housing Fund).

• When this procedure is applied to the Low and Moderate Income Housing Fund, the schedule attached as an exhibit will include only those assets of the Low and Moderate Income Housing Fund that were held by the Successor Agency as of June 30, 2012 and will exclude all assets held by the entity that assumed the housing function previously performed by the former redevelopment agency.

• Obtain from the Successor Agency a listing of all assets of the Low and Moderate Income Housing Fund as of June 30, 2012 for the report that is due October 1, 2012 and a listing of all assets of all other funds of the Successor Agency as of June 30, 2012 (excluding the previously reported assets of the Low and Moderate Income Housing Fund) for the report that is due December 15, 2012.

• A copy of the survey methodology (sample size and methodology, survey collection method, etc.) is included in the application as part of the Benefit to Low and Moderate Income form.

• However, priority will be given to communities who have yet to meet or exceed the state’s Low and Moderate Income Housing Act requirements.

More Definitions of Low and Moderate Income

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 "C".

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 gross household income adjusted for family size that is at or below 80 percent of area median income by Richmond SMSA HUD guidelines.

Low and Moderate Income means persons with incomes that are less than 80 percent of median income for a family of four in the Pittsburgh Standard Metropolitan Statistical Area.

Low and Moderate Income means a family income that does not exceed—

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.