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This handbook provides guidelines for documenting benefits to low and moderate income (LMI) persons for economic development, housing, and public facilities projects funded by the Montana Community
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How to fill out Documenting Benefit to Low and Moderate Income Persons
01
Read the guidelines for Documenting Benefit to Low and Moderate Income Persons.
02
Gather necessary data on the low and moderate income individuals affected by the program.
03
Complete each section of the document accurately, providing evidence of benefit where applicable.
04
Use clear examples and statistics to illustrate the impact on the target population.
05
Review the document for completeness and adherence to any regulatory requirements.
06
Submit the completed document to the appropriate authority as instructed.
Who needs Documenting Benefit to Low and Moderate Income Persons?
01
Organizations and agencies that provide services or funding to low and moderate income persons.
02
Government bodies that require documentation for compliance or funding purposes.
03
Nonprofits seeking to demonstrate their impact on low and moderate income communities.
04
Any project or program that aims to improve conditions for low and moderate income individuals.
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What is the abbreviation for low to moderate-income?
Most activities funded by the Community Development Block Grant (CDBG) program are designed to benefit low- and moderate-income (LMI) persons.
How do you define low to moderate-income?
Moderate-income individuals have an annualized family income between 50% and 80% of the HUD area median income. Low-income individuals have an annualized family income of less than 50% of the HUD area median income. Median incomes for every county in the United States can be found on HUD's website.
How does hud define lmi?
An LMI person is defined by Section 102(a)(20) of the HCDA as a person in a family or an individual with annual income equal to or less than HUD's Section 8 Low Income Limit, which is generally 80 percent of an area's median family income adjusted for household size.
What is the politically correct way to say low income?
Avoid non-inclusive language regarding income. See the examples below. Non-inclusive: poverty-stricken, welfare reliant, and the poor. Inclusive: people whose income is below the poverty threshold, people with low income, receiving welfare.
What is the LMI benefit national objective?
The LMI National Objective is often referred to as the primary National Objective as HUD regulations require that States expend at least 70 percent of their CDBG funds on activities that benefit low- and moderate-income people as defined below.
How do you define low to moderate-income?
Moderate-income individuals have an annualized family income between 50% and 80% of the HUD area median income. Low-income individuals have an annualized family income of less than 50% of the HUD area median income. Median incomes for every county in the United States can be found on HUD's website.
How do you write low to moderate-income?
Chicago style renders this phrase“low- to moderate-income families,” and others hyphenate it as “low-to-moderate-income families,” but this level of hyphen usage is subtle enough that it's not surprising that you don't find it consistently applied.
How do you write low socioeconomic status?
Many people find the terms “low-class” and “poor” pejorative. Use person-first language instead. Define income brackets and levels, if possible. Avoid terms that describe people who come from urban environments/cities negatively, as it assumes these environments are not good places to live.
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What is Documenting Benefit to Low and Moderate Income Persons?
Documenting Benefit to Low and Moderate Income Persons is a process that ensures that specific programs and initiatives are providing tangible benefits to low and moderate income individuals and communities.
Who is required to file Documenting Benefit to Low and Moderate Income Persons?
Organizations and agencies that receive federal funds for programs aimed at assisting low and moderate income populations are required to file Documenting Benefit to Low and Moderate Income Persons.
How to fill out Documenting Benefit to Low and Moderate Income Persons?
To fill out Documenting Benefit to Low and Moderate Income Persons, organizations must gather data related to the demographic and socioeconomic status of the beneficiaries, along with information about the services provided and outcomes achieved.
What is the purpose of Documenting Benefit to Low and Moderate Income Persons?
The purpose of Documenting Benefit to Low and Moderate Income Persons is to ensure accountability and transparency in the use of federal funds, demonstrating that the resources are effectively targeting and benefiting those in need.
What information must be reported on Documenting Benefit to Low and Moderate Income Persons?
The information that must be reported includes details about the beneficiaries' income levels, the type of assistance provided, the number of individuals served, and any measurable outcomes resulting from the program.
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