Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the difference between very-low income, low-income and moderate income?

April 26, 2017income low-income very-low

0

Posted

What is the difference between very-low income, low-income and moderate income?

1 Answer

0

Posted

The meaning of these terms can vary from program to program and institution to institution but generally, very-low income persons refers to persons at or below 30% of the Area Median Income (AMI), low-income persons refers to persons at or below 50% of the AMI, and moderate income persons refers to persons at or below 80% of the AMI.