Sentences with phrase «many areas the median»

Seattle, for instance, offers up to $ 45,000 in down payment assistance for homebuyers that have an income below 80 % of the area median income.

However, you must earn less than the area median income in your county and have a FICO score of at least 680.

Most of the increase in rents in Atlanta would be due to an increase in the number of higher - end apartments rented by Amazon workers earning far more than the current area median of $ 36,340.

As seen in Seattle, an influx of workers with wages higher than the area median can raise rents, especially when there is a shortage of available housing.

First - time Massachusetts homebuyers whose total household income doesn't exceed 100 % of area median income (AMI).

The units are affordable for those earning no more than 60 percent of the area median income.

There is no income limit in low - income census tracts, and the income limit in other areas is typically 100 % of area median income.

The National Housing Act (NHA) mandates that the FHA set its loan limits at 115 % of the area median home price, subject to a national minimum «floor» and maximum ceiling limit.

If you're interested in the latter, you need to be a first - time homebuyer at or below 80 % of the 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).

The renovations will preserve affordability for very low income seniors with an average income level of 28 percent of the Area Median Income.

The rental homes will serve households with incomes below 60 percent of the area median income.

Free energy audits will be provided to individuals with incomes up to 200 percent of the Area Median Income, and reduced priced energy will be available to households with incomes up to 400 percent of the Area Median Income.

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.

Currently it mandates developers who build in rezoned areas of the city pick from one of three options for affordable housing: 25 percent of their units rented to those making, on average, 60 percent of the Area Median Income, 30 percent at 80 percent of the AMI or 30 percent at 120 percent.

LIHC provides a dollar - for - dollar reduction in federal income tax liability for project owners who develop rental housing that serves low - income households with incomes up to 60 % of area median income.

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.

Housing is reserved for those earning between 30 - 60 % of the Area Median Income with a few units being reserved for those with physical disabilities / Traumatic Brain Injury (TBI).

Eight apartments will be set aside for households making at or below 50 percent of the 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.

The gross rents (rent plus utilities) will range from $ 638 to $ 1,125 a month, and will be affordable to households with incomes at or below 80 % of area median income.

She noted that under one option, 30 percent of these projects would have housing at 130 percent of the area median income, which she said isn't sufficiently affordable.

For a program that encourages mixed - income housing, developers must now set aside 10 percent of their units for tenants making 30 to 50 percent 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.

The affordable units will rent at 60 percent of the area median income.

Under the proposals approved by the City Council, the council member whose district a development is in chooses from several options, mandating different percentages of permanent affordable housing for people making anywhere from 40 percent of area median income, or AMI, to 115 percent.

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.

«As a pioneering mixed - income project targeting tenants earning between 40 % and 100 % of the area median income, this project was a little ahead of its time when it was conceived.

HOME program funds may only be used to assist households with incomes at or below 80 percent of area median income.

The gross rents (rent plus utilities) will range from $ 531 to $ 725 a month, and will be affordable to households with incomes at or below 60 % of the area median income.

The apartments would be reserved for those 55 and over making no more than 60 percent of the Area Median Income.

The apartments would be available at the area's area median income, which comes in at roughly $ 33,000, Wilkins said.

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).

Under the mayor's proposal, there were three options developers could choose from, including making 25 percent of the units affordable for those making 60 percent of area median income, or 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.

However, community members have strongly opposed the project, saying that it should be 100 % affordable, rather than 50 %, with affordability based on the Crown Heights median income, rather than the broader New York Metropolitan Area Median Income (which considers the suburbs, as well).

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.

Ten percent of the affordable housing units will be available to households earning 40 percent of the area median income or below.

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.

► 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.

Five percent of the development will be priced for tenants making 60 percent of the area median income, a federally - set average of yearly wages in all of New York City and the state's surrounding suburbs, which currently sits at $ 65,000.

A quarter of the apartments would be rented to those earning up to 60 percent of the area median income; the rest would be reserved for tenants making up to 165 percent of the area median income.

But the according to County Planner Dennis Doyle, the need is greatest in the area of subsidized housing for low - income residents who make less than 50 percent of the Area Median Income.

Specific income requirements for the developments have not been finalized yet but will range from between 50 to 160 percent of the Area Median Income depending on the project and unit.

The assemblyman did say, however, that he would push to reformulate the calculation of «area median income» — an average of earnings that is used to determine what constitutes «affordability.»

While the candidate said he would fight for more and better affordable housing, he said the first step would be to change the formula, known as Area Median Income, which calculates the price of affordable housing based on the median income of the entire city.

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.

Of the building's 135 studio and one - bedroom units, 82 will be set aside for homeless veterans and the remainder will be rented out to those making up to 60 percent of area median income.

You can earn up to 120 % of the area median income and still be eligible for some money - saving programs from nonprofits, state and local governments and even banks.