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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 one of the categories in the table below. To calculate the income of the <br /> individual 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 /> ipr <br /> Inc® ®g ian n _a ee <br /> 1.persons . ® a e I er r.0 a 5 1 <br /> �.�iw:, <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 r111111 1 T Page 18 of 20 AE <br />