2018 Impact Fund Income Limits
Please note: In the May 4, 2018 eNews, we listed an incorrect Impact Fund income limit. The 11-County Twin Cities Metro Area 115% limit is $108,500. Please see below for the complete table. Community Homeownership Impact Fund (Impact Fund)
The following income limits are effective for Impact Fund units completed or closed on or after May 1, 2018:
|
Gross House Income
|
11-County Twin Cities Metro Area*
|
Rochester MSA**
|
Balance of State
|
|
50%
|
$47,200
|
$45,300
|
$42,100
|
|
60%
|
$56,600
|
$54,300
|
$50,600
|
|
80%
|
$75,500
|
$72,400
|
$67,400
|
|
100%
|
$94,300
|
$90,500
|
$84,200
|
|
115%
|
$108,500
|
$104,100
|
$96,900
|
Income limits for the Impact Fund target households at or below 115% of the state or area median income. Co-funder partners' program income limits vary. Consult with specific co-funder partners for additional information.
*Counties of Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington and Wright
**Dodge and Olmsted Counties
