Low-to-moderate (LMI) households, defined as those with income levels below 80% of the area's median income (AMI), represent 43% of the United States population. Helping geographies and people with low or moderate incomes is a main focus of the CRA. The collective income group is often abbreviated “LMI” when it describes both individuals and areas as a whole. A person's income is considered an LMI based on how it compares to the average household income in the area.
What does lmi stand for in housing?
Low-to-moderate (LMI) households, defined as those with income levels below 80% of the area's median income (AMI), represent 43% of the United States population. Helping geographies and people with low or moderate incomes is a main focus of the CRA.
