Sentences with phrase «of median area income»

In order to be eligible, a minimum of 20 % of the project must be targeted to households earning 50 % or less of median area income, or 40 % of the project must be targeted to households earning 60 % or less of median area income.

In addition, income eligibility is capped at one hundred fifteen percent of the median area income.

Harborlight Community Partners Affordable Housing: HCP is the administrator of 51 first - time homebuyer condominiums located in four locations in Gloucester for qualified buyers that meet the household income restrictions of less than 80 % of median area income.

Furthermore, tenants who earn 50 percent or less of the median area income, as well as tenants of publicly subsidized housing, can not be required to buy renters insurance.

Under the program, which is managed by Oakland nonprofit GRID Alternatives, households that earn 50 - 80 % of the median area income are eligible for a highly subsidized or completely free solar system.

In order to qualify, you will probably have to meet limited income requirements — such as a maximum of 80 % of the median area income.

Qualification for the USDA loan is limited by income (up to 115 % of median area income) and town size.

Not exact matches

Paying for all of the costs associated with a detached home in the Vancouver area requires 121 per cent of median household income; for a condo, it's 46 per cent of income, making it Canada's least affordable city, according to economists at the Royal Bank of Canada.

First - time Pittsburgh buyers can expect to pay just 11.7 % of median household income on their mortgages — the lowest level of any metro area Zillow evaluated.

buys where rents represent 25 % or less of the area's median income.

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.

We compared data on median incomes and property values in thousands of New York zip codes to find which areas of the state offer the most... Read More

If you're looking to purchase home in a rural area and you make 115 % or less of the area's median income, you may be eligible.

In this example, we estimate the share of a household's income that goes to a monthly mortgage payment on the median home across the country's metro areas.

The Department of Agriculture backs mortgages that require little or no money down to applicants willing to live in designated rural areas and whose incomes are 115 % or less of the median income in that area.

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.

Income restrictions mandate that borrowers earn 115 percent or less of the property area's median iIncome restrictions mandate that borrowers earn 115 percent or less of the property area's median incomeincome.

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 article includes graphs of average home price to median income for 20 metro areas.

To be eligible for the USDA financing, then, the agency states that a household's annual earnings must not exceed the median household income for the area by more than 15 percent, with an allowance for the size of your household.

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

I would like to see some sort of equation that includes median income of area, number of years of education of pastor, number of years of experience, all in comparison with people in the area with similar numbers, and then base pastoral salary on that.

The annual median income in the Segundo Barrio languishes below $ 20,000, and 68.8 % of the children in Bowie's catchment area are considered at risk.

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 Iincome seniors with an average income level of 28 percent of the Area Median Iincome level of 28 percent of the Area Median IncomeIncome.

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).

To qualify for a unit, a senior must have an annual income of no more than $ 18,636 - 58 % of the area's median income.

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.

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 AMIOf 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 AMIof 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.