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DATE: <br />TO: <br />FROM: <br />June 10. 1992 <br />Urban Hennepin Councy SubrecipienCs <br />Hennepin Councy <br />Office of Planning and Development <br /><:ilRmr'T* 1992 CDEG PROGRAM INCOME LIMITS--SECTION 3 <br />16^ 1992) <br />Enclosed are che revised income limits for lower-income (80% of median) and <br />very-low-income (50% of median) households. These income limits are based on <br />the HUD estimates of median household income for Fiscal Year 1992. As <br />required by statute, adjvistments have been made by HUD In the income for <br />smaller and larger households by using the four-person household as a base <br />and applying percentage adjustments for household size. <br />These income limits must be used in calculating household income eligibility <br />for all CDBG funded activities which need to document low/moderace income <br />benefit. These income limits are effective until further notice. <br />MSA: MPLS./ST. PAUL FY 1992 MEDIAN HOUSEHOLD INCOME: $51,000 <br />Ou <br />(80%) <br />Lower Income <br />(50%) <br />Very Low Income <br />1 Person $27,000 $17,850 <br />2 Person $30,900 $20,400 <br />3 Person $34,750 $22,950 <br />4 Person $38,600 $25,500 <br />5 Person $41,700 $27,550 <br />6 Person $44,300 $29,600 <br />7 Person $47,850 $31,600 <br />8 Person $50,950 $33,650