Sentences with phrase «called area median income»
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).
https://www.nytimes.com/ Not exact matches
The rezoning proposal calls for a minimum of 20 percent of affordable units to be set aside for tenants earning 30 percent of the area median income or less.
For any borrowers earning less than 80 % of the median income in their area, Citi offers a low - cost mortgage program called HomeRun.
HUD estimates median incomes and adjusts by household size in specific areas called Metropolitan Statistical Areas, or areas called Metropolitan Statistical Areas, or Areas, or MSAs.
If adopted, the legislation would call on the federal government to allocate $ 200 million annually in 2004 and 2005 to cover downpayments and closing costs of first - time homeowners who earn less than 80 percent of their area's median income.