Our market presence helps preserve and increase the supply of quality affordable housing. By providing affordable, flexible financing to affordable housing developers, we help make access to housing across the nation more attainable for low- and moderate-income borrowers and renters. Affordability levels have both Federal and State definitions. There are generally three levels defined under “low-income households" based on the Area Median Income (AMI): Low Income (at or below 80% of AMI) Very Low Income (at or below 50% of AMI) Extremely Low Income (at or below 30% of AMI). Our efforts are geared towards financing units that are affordable to families earning up to 80% of Area Median Income.
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0-30% | AMI | | | Extremely low-income |
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31-50% | AMI | | | Very low-income |
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51-60% | AMI | | | Lower-income |
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61-80% | AMI | | | Low-income |
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81-120% | AMI | | | Moderate-income |
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> 120% | AMI | | | Middle-income and greater |