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Current as of January 01, 2024 | Updated by Findlaw Staff
For the purposes of this subchapter, the term:
(1) “Actual income” means the cash equivalent of any affordable housing level expressed as a percentage of area median income.
(2) “Affordable housing development” means any structure or building in the District that is publically subsidized utilizing federal or local funds for the purpose of providing affordable housing.
(3) “Area median income” means the area median income of the Washington Metropolitan Statistical Area as set forth in the periodic calculation provided by the U.S. Department of Housing and Urban Development.
(4) “District of Columbia median family income” means the median family income solely for the District of Columbia, as calculated by the Office of the Chief Financial Officer of the District of Columbia.
Cite this article: FindLaw.com - District of Columbia Code Division VII. Property. § 42-2151. Definitions. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-vii-property/dc-code-sect-42-2151-01/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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