Income Guidelines
Annual Income Limit for Community Land Trust (CLT) Sales and Resales:
| Gross Household Income | Olmsted & Dodge Counties | Balance of State |
|---|---|---|
| 80% Area Median Income (AMI) | $89,200 | $83,200 |
Annual Income Limit for:
- Neighborhood Stabilization Program (NSP) Resales
- Community Development Block Grant (CDBG) Sales and Resales
- First Homes Gap Loans
|
Family Size |
Olmsted County |
|
1 |
$62,450 |
|
2 |
$71,400 |
|
3 |
$80,300 |
|
4 |
$89,200 |
|
5 |
$96,350 |
|
6 |
$103,500 |
Income guidelines change annually. Effective until 7/1/2023. Updated income guidelines are provided by Minnesota Housing (MHFA) and Housing Urban and Development (HUD).