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LMI Income Limits <br /> I. OVERVIEW <br /> Below is the Low and moderate income limits for Sherburne County. In order to qualify for the <br /> Forgivable Loan program as outlined above, 51% of the full time jobs created by the project need to be <br /> filled by employees falling into the category in the table below. To calculate the income of the individual <br /> or household: <br /> 1. The Family's entire income must be counted. <br /> 2. A family •is all persons living in the same household who are related by blood,marriage,or adoption. <br /> 3. Adult children who continue to live at home should be included in the entire family's income. <br /> 4. A dependent child who is living outside of the home but continues to be claimed by the parents) as a <br /> dependent on their taxes should include their parents'income along with theirs to make up the <br /> family's income. <br /> 1 <br /> 211 '� �� r ". <br /> ncome ?� xIn ,e >` <br /> Lim <;' .�` !S 'Ir ?, ,� c� _ ,1°. i- •e e Soo ?4 P o.,. e 6 Person e e --r3. ;". <br /> Area <br /> Low <br /> Sherburne $82,300 (80%) $45,100 , <br /> County Income $51,550 $58,000 $64 400 $69,600 $74,750 $79 900 $85,050 <br /> Limits <br /> Forgivable Loan Policy and Application P I ■ E a f ® t i <br /> Page 18 of 20 NA1 E <br />