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07-09-2002 Council Agenda
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07-09-2002 Council Agenda
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APPENDIX E <br />HOUSING QUALIFICATIONS FOR THE DISTRICT <br />INCOME RESTRICTIONS - ADJUSTED FOR FAMILY SIZE <br />(HOUSING DISTRICT) - Ramsey County <br />No. of Persons <br />50% of Median <br />Income <br />60% of Median <br />Income <br />80% of Median <br />Income <br />1- person <br />$26,850 <br />$32,2200 <br />$38,100 <br />2- person <br />$30,700 <br />$36.840 <br />$43,500 <br />3- person <br />$34,500 <br />$41,400 <br />$48,950 <br />4- person <br />$38,350 <br />$46,020 <br />$54,400 <br />Source: Minnesota I- housing Finance Agency <br />The three options for income limits on a standard housing district are 20% of the units at 50% of median <br />income, 40% of the units at 60% of median income, or 50% of the units at 80% of median income. <br />*PLEASE NOTE THAT THESE RENT AND INCOME NUMBERS ARE ADJUSTED ANNUALLY. <br />THE NUMBERS ABOVE ARE FOR 2002. <br />APPENDIX <br />E -I <br />
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