Sentences with phrase «area median family»

The purpose of this loan program is to enable eligible low - and moderate - income (up to 115 percent of the Area Median Family Income) rural residents to acquire modestly priced housing for their own use as a primary residence.

This loan program is designed to provide easier access to home ownership for borrowers that are less than 80 % of the area median family income.

The purpose of this loan program is to enable eligible low and moderate income (up to 115 percent of the Area Median Family Income) rural residents to acquire modestly priced housing for their own use as a primary residence.

Eligibility requirements include not earning more than 80 percent of the area median family income.

FY 1999 Area Median Family Income HUD data.

Not exact matches

The report compares several projects by the de Blasio administration to the Aspen, an early Bloomberg - era development and venture between Ms. Glen and L&M that included half market - rate apartments, and half that were affordable units at either 50 or 130 percent of the city's so - called area median income (currently about $ 86,000 for a family of three).

The homes will incorporate water - use reduction, insulation, and other green building features, and will be affordable to families at or below 90 percent of area median income.

All two and three bedroom units, ranging in size from 952 square feet to 1,282 square feet, will provide housing for families at or below 60 % of the Area Median Income.

Under that proposal, a total of 112 units would be permanently affordable to people making 80 percent of the Area Median Income (AMI) of $ 62,150 per year for a family of three.

Of the 77,651 units financed by the administration so far, 11,505 were for families of three making less than $ 25,770 a year, or 30 percent on the area median income (AMI), and another 13,277 were for families making between $ 25,771 - $ 42,950 (31 - 50 percent AMI).

Although the Council expanded the income levels that the plan would serve by adding an option to make 20 percent of units affordable to people who make 40 percent of area median income — $ 34,520 for a family of four — Amritt maintained that this was still too expensive for some residents of his district, which encompasses Hunts Point and Longwood in the South Bronx.

The first option would require the builder to allocate a quarter of their new units to people making 60 percent of the federally - set area median income — meaning the apartments would be priced for a family of three making $ 47,000 annually.

The second would have obligated the developer to set aside 30 percent of their new building for people making 80 percent of the area median income, or $ 62,000 for a family of three.

Their revised plan features a shorter building, and also reduces the income cap on affordable units from 80 percent of the Area Median Income (AMI)-- or $ 62,150 per year for a family of three — to 40 percent of AMI, or $ 31,080 for a family of three.

On average, such units would be rented to families earning 60 percent of the area's median income, which currently amounts to $ 46,620 for a family of three.

► Developers consider making 25 percent of the units affordable at a lower income range — 60 percent area median income, or $ 48,960 for a three - person family.

And Leila Bozorg, chief of staff at HPD, said infill units for tenants earning less than 60 percent of the federally set area median income — roughly $ 46,600 for a family of three — could qualify for the state's 420c tax credit.

Chicago Public Schools divides areas of the city into one of four socio - economic tiers by looking at each area's median income, education level, home - ownership rates, single - parent family rates, rates of English - speaking, and neighborhood school performance.

But time is on your side right now: Home values are continuing to climb, with the median existing single - family home price increasing in 148 of the 178 cities measured by the National Association of Realtors ®» latest Metropolitan Median Area Prices and Affordability quarterly median existing single - family home price increasing in 148 of the 178 cities measured by the National Association of Realtors ®» latest Metropolitan Median Area Prices and Affordability quarterly Median Area Prices and Affordability quarterly study.

Individuals surveyed by the Minneapolis Federal Reserve Bank were placed into an income bracket, based on how their earnings compared to the median family income in the Metropolitan Statistical area they resided in - this allowed the survey to control for any outside economic factors throughout different cities.

10 percent family member pledge — This program allows a family member to contribute 10 percent of the original unpaid principal balance on a 100 percent LTV loan, provided that the borrower's income is less than or equal to 100 percent of the area median income, and the borrower contributes at least 3 percent to down payment and closing costs.

The new HOME homeownership value limits for existing HOME units is 95 percent of the median purchase price for the area based on Federal FHA single family mortgage program data for existing housing and other appropriate data that are available nation - wide for sale of existing housing in standard condition.

This county - based program is for low to moderate income families and is established on the HUD «Median Income» for your area.

Homebuyers are required to purchase in what the USDA deems a qualified rural area and have an income at or below 115 percent of the area median income, adjusted for family size.

For example, as of 2015, the maximum income for a family of two in Orange County is 80 percent of the Area Median Income, which is $ 37,350.

The income limits are set by the median income within each geographical area, and also by family size.

If you pass the means test, you are eligible to file a Chapter 7, but if you are over the median income for a family the same size within the area in which you live or you fail the means test, you have to file a Chapter 13 bankruptcy if you you want to file.

To qualify for a Chapter 7, your family income must be at or below the median income for a family your size within the area in which you live.

For all locations in the United States other than Alaska, Guam, Hawaii, and the U.S. Virgin Islands, the maximum guaranty is the greater of 25 percent of (a) $ 417,000 or (b) 125 percent of the area median price for a single - family residence, but in no case will the guaranty exceed 175 percent of the Freddie Mac loan limit for a single - family residence in the county in which the property securing the loan is located.

However, the median sales price for townhouses and condos in the Jersey City area reached $ 439,000 — a surprisingly high amount for properties actually smaller in square footage than the typical single - family construction.

In Alaska, Guam, Hawaii, and the U.S. Virgin Islands, the maximum guaranty is the greater of 25 percent of (a) $ 625,500 or (b) 125 percent of the area median price for a single - family residence, but in no case will the guaranty exceed 175 percent of the Freddie Mac loan limit for a single - family residence in the county in which the property securing the loan is located.

The means test you are required to pass before you can file a Chapter 7 bankruptcy, the simplest type of bankruptcy, is determined by being at or below the median income for a family your size in the area in which you live.

The city, located just 10 miles west of Lake Charles, is vastly different when it comes to housing prices, median incomes and the number of other families in the area.

Demonstrate that household income does not exceed 80 percent of area HUD median income, adjusted for family size, based on their current home address

Total gross family income can not exceed 80 % of the area median income (Mortgage Revenue Bond limits) based on family size for the county the borrower resides in at the time of enrollment in the First Home Club Program

Income thresholds are created by comparing the median family income of lower income areas to the median family income of a broader area.

Often in areas of low to median income, family animals show up as strays at the family's doorstep.

«The analysis showed that areas of New York with lower median incomes, higher individual and family poverty rates, higher population densities, and denser built environments were associated with a higher concentration of injurious traffic crashes,» the study found.

Targeting only households making less than 80 % of area median income and implementing rent controls, this project will be home for two moderately low income families that want to live and work in Waldo, but otherwise could not afford to.

During the second quarter, median existing single - family home prices rose in 83 % of metropolitan statistical areas, according to newly released data from the National Association of Realtors.

The median income for a family is $ 31,621, which is less than you might expect but enough to live comfortably on in the area.

However, the county's families lost ground over the past few years in some areas, including median family income and women receiving early prenatal care.

Somerset County improved in a few areas, including a decrease in child poverty and increases in median family income and the percent of low - income children receiving breakfast at school, the report said.

Only 16 percent of homes sold in the third quarter were affordable to families earning the area's median income of $ 101,200, according to the index.

The most expensive metro areas by median existing single - family price in the first quarter were San Jose, Calif. ($ 1,070,000); San Francisco, Calif. ($ 815,000); Anaheim - Santa Ana, Calif. ($ 750,000); Honolulu, Hawaii ($ 746,000); and San Diego, Calif. ($ 564,000).

The five lowest - cost metro areas in the third quarter were Youngstown - Warren - Boardman, Ohio, where the median single - family home price was $ 84,500; Cumberland, Md., $ 93,200; Rockford, Ill., $ 98,100; Decatur, Ill., $ 101,900; and Toledo, Ohio, $ 107,000.

In both metros, 93.3 percent of all new and existing homes sold in the third quarter were affordable to families earning the areas» median incomes of $ 65,100 and $ 65,800, respectively.

The median existing single - family home price increased in 73 percent of measured markets, with 125 out of 172 metropolitan statistical areas (MSAs) showing gains based on closings in the third quarter compared with the third quarter of 2013.

5Because there is a concentration of condos in high - cost metro areas, the national median condo price often is higher than the median single - family price.

In high - cost areas, the FHA loan limit is 95 percent of the area median home price, up to 75 percent of the Freddie Mac limit or $ 155,250 for single - family homes.