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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 parent(s) as a <br /> dependent on their taxes should include their parents'income along with theirs to make up the <br /> family's income. <br /> a <br /> � <br /> • ' �� 1t�� � ,:'�Lersbn ' ` 5��� -•� �ili-: <br /> Low <br /> Sherburne (80%) <br /> County $82,300 Income $45,100 $51,550 $58,000 $64,400 $69,600 $74,750 $79,900 $85,050 <br /> Limits <br /> • <br /> Forgivable Loan Policy and Application t�s • E a E 1 a 1 <br /> Page 18 of 20 NA ,E <br />