housing cost/income ratio
Defined in 1 place of the United States Code.
The term “housing cost/income ratio” means, with respect to any statistical area, the number determined by dividing—
(I) the applicable housing price ratio for such area, by
(II) the ratio which the area median gross income for such area bears to the median gross income for the United States.
Source
- 1994–present26 U.S.C. § 143Internal Revenue Code · Mortgage revenue bonds: qualified mortgage bond and qualified veterans mortgage bond · in this section