Sentences with phrase «local median income»

Residents also need 60.7 % of local median income to pay for the typical home — No. 1 among markets on RealtyTrac's bubble list and 3.8 percentage points higher than the previous peak.

While Albanese comes from a different camp on policing, there are several issues where de Blasio's two main Democratic challengers agree, such as providing free tuition at CUNY and using a revised local median income to make determinations for affordable housing.

«We hope and expect to see the Administration work now with local community groups to find additional ways to reach the deep levels of affordability that meet the true needs of the neighborhoods where rezonings are proposed, many of which have local median incomes far below the levels that will be served by MIH,» the statement read.

TD's Right Step Mortgages are available to borrowers making at least 80 % of the local median income, while HomeReady mortgages require a minimum credit rating to qualify for approval.

You'll also need 42.3 % of the local median income to pay for a median - priced home vs. just 29.7 % in those days.

Housing costs are low in comparison to the local median income, and the crime rate is also relatively low.

TD's Right Step Mortgages are available to borrowers making at least 80 % of the local median income, while HomeReady mortgages require a minimum credit rating to qualify for approval.

The Housing Opportunity Index (HOI) is defined as the share of homes sold that would have been affordable to a family earning the local median income taking into account home prices, income, and mortgage rates.

The Housing Opportunity Index (HOI) for a given area is defined as the share of homes sold in that area that would have been affordable to a family earning the local median income, based on standard mortgage underwriting criteria.