Why did some area median family income estimates decrease in FY2006 even though the OMB definition of the area did not change?
A modest number of areas had decreases in their FY2006 median family income estimates. This sometimes occurred because of changes in OMB metropolitan area definitions that resulted in new estimates that were lower than the FY2005 estimates for parts of the new area. Decreases were more likely to occur, however, in areas where median family income estimates had decreased but the medians had been frozen at previous years levels. Given the widespread definitional changes that occurred in FY2006, HUD determined that it was inconsistent to allow some areas to retain higher than calculated median family income estimates while applying decreases to areas that were subject to new OMB definitions. As noted previously, however, most income limits were held harmless in areas where median family incomes were reduced. 6.
Related Questions
- Why did some area median family income (MFI) estimates decrease in FY2008 even though the OMB definition of the area did not change?
- Why did some area median family income estimates decrease in FY2006 even though the OMB definition of the area did not change?
- Why do area definitions change for the income limits and median family income estimates?
