Eligible household

Eligible household means a household that meets the income limits and other requirements specified by a Bank for its General Fund and any Targeted Funds and Homeownership Set-Aside Programs, provided that:
(1) In the case of owner-occupied housing, the household's income may not exceed 80 percent of the median income for the area; and
(2) In the case of rental housing, the household's income in at least 20 percent of the units may not exceed 50 percent of the median income for the area.

Source

12 CFR § 1291.1


Scoping language

As used in this part:

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