Sentences with phrase «current median area income»

The current median area income, however, is just $ 32,815.

Not exact matches

He'd also like to see an end to vacancy decontrol and a revamp of the 421 - a program that takes the neighborhood Area Median Income into consideration, as opposed to the current system that includes New York City and the wealthier areas of Westchester, Putnam and Rockland Counties.

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

In the Kansas City, Mo., metropolitan area, for instance, the current median income is enough to afford a median - priced house in almost every zip code; in the San Francisco metropolitan area, the current median income is not enough to afford a median - priced house in any zip code.

Instead of a set figure for affordability, the annual review will calculate area median income and then reverse engineer what a buyer would likely be able to afford at current interest rates, assuming a 5 percent down payment.