moderate-income
Defined in 1 place of the United States Code.
The term “moderate-income” means—
(A) in the case of owner-occupied units, income not in excess of area median income; and
(B) in the case of rental units, income not in excess of area median income, with adjustments for smaller and larger families, as determined by the Director.
Source
- 2008–present12 U.S.C. § 4502Banks and Banking · Definitions · for purposes of this chapter
The term “moderate-income” means—
(A) in the case of owner-occupied units, income not in excess of area median income; and
(B) in the case of rental units, income not in excess of area median income, with adjustments for smaller and larger families, as determined by the Secretary.
Source
- 1994–200812 U.S.C. § 4502Banks and Banking · Definitions · for purposes of this chapter