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maximum monthly rents affordable for households at 50% AMI. <br />From 2011 through 2014, the Council used 60% AMI as the income limit for both rental and ownership costs.  <br />This level was consistent with the funding criteria preference adopted by the Metropolitan Housing Implementation Group <br />(MHIG) in 2001 and was a commonly-used threshold for affordability in federal, state, and local housing programs.  <br />The table below lists the household incomes at the current and previous levels of area median income, as calculated by the <br />U.S. Department of Housing and Urban Development (HUD). Please note that due to constraints and adjustments used in HUD’s <br />calculations, the income limits shown here do not necessarily equal the area median income multiplied by the given <br />percentage.  <br />  <br />HUD's Area Median Income for a family of four for the Minneapolis-Saint Paul-Bloomington Metropolitan Statistical <br />Area <br />   <br />             AMI 2017 2016 2015 <br />Area Median Income $90,400 $85,800 $86,600 <br />80% of Area Median Income $68,000*$65,700*$65,800 <br />60% of Area Median Income $54,240 $51,480 $51,960 <br />50% of Area Median Income $45,200 $42,900 $43,300 <br />30% of Area Median Income $27,100 $25,750 $26,000 <br />    *The 80% of Area Median Income limit is capped at the U.S. national median family income <br />