lower-income families
Defined in 2 places of the United States Code.
For purposes of this section, the term "lower income families" has the meaning given such term in section 1437a(b)(2) of title 42.
Source
- 1994–present12 U.S.C. § 1715ZBanks and Banking · Limitation on prepayment of mortgages on multifamily rental housing · for purposes of this section
The term “lower-income families” means families and individuals whose incomes do not exceed 80 percent of the median income of the area involved, as determined by the Secretary, with adjustment for family size.
Source
- 1994–present12 U.S.C. § 1441ABanks and Banking · Thrift Depositor Protection Oversight Board and Resolution Trust Corporation · under this section