What is low- and moderate-income?
Those households earning at least the full-time minimum wage up to 120 percent of the local metropolitan area median income; but must be less than 80% of local metropolitan area median income to receive the 30% discount on purchase price. The affordable housing lot price discount of 20% or more shall be determined by household income level by the SBHRQLC with approval of the Louisiana Land Trust. Household income is defined as the sum of money income received in the calendar year by all household members 15 years old and over, including household members not related to the householder, people living alone, and other nonfamily household members. Included in the total are amounts reported separately for wage or salary income; net self-employment income; interest, dividends, or net rental or royalty income or income from estates and trusts; Social Security or Railroad Retirement income; Supplemental Security Income (SSI); public assistance or welfare payments; retirement, survivor, or dis
