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"Threshold" <br /> Minimum Average Wage <br /> For Public Assistance for Economic Development <br /> Hourly wage: <br /> Annual Wage: <br /> Formula: $25,480.00 <br /> Allocated to Shelter Costs: 30.00% <br /> Annual Shelter Costs $12.25 <br /> $7,644 <br /> Monthly Shelter Costs $ 637 <br /> Annual computation using the Fair Market Rent(FMR)for a three bedroom <br /> apartment. <br /> The Threshold Minimum Average Hourly Wage for Public Assistance for Economic <br /> Development activities would establish a base level hourly wage,which economic <br /> development project(projects in which the major public benefit would be job creation) <br /> would have meet or exceed to qualify for local public financial assistance. <br /> The use of the FMR's provides for an automatic annual adjustment based on localized <br /> • data. <br /> 92 <br />