Income Guidelines
Annual Income Limit for Community Land Trust (CLT) Sales, Resales, Gap Loans, and Non-CLT Gap Loans:
| Gross Household Income | Olmsted & Dodge Counties | Balance of State |
|---|---|---|
| 80% Area Median Income (AMI) | $98,600 | $89,400 |
Annual Income Limit for:
- Neighborhood Stabilization Program (NSP) Resales
- Community Development Block Grant (CDBG) Sales and Resales
|
Family Size |
Olmsted County |
|
1 |
$66,100 |
|
2 |
$75,550 |
|
3 |
$85,000 |
|
4 |
$94,400 |
|
5 |
$102,000 |
|
6 |
$109,550 |
Income guidelines change annually. Effective until 7/1/2024. Updated income guidelines are provided by Minnesota Housing (MHFA) and Housing Urban and Development (HUD).