Vermont Statutes

§ 4303 — Definitions

Vermont·Title 24 Title 24: Municipal and County Government·Ch. 117 Chapter 117: Municipal and Regional Planning and Development

The following definitions shall apply throughout this chapter unless the context otherwise requires:

(1)“Affordable housing” means either of the following:
(A)Owner-occupied housing for which the total annual cost of ownership, including principal, interest, taxes, insurance, and condominium association fees, does not exceed 30 percent of the gross annual income of a household at 120 percent of the highest of the following:
(i)the county median income, as defined by the U.S. Department of Housing and Urban Development;
(ii)the standard metropolitan statistical area median income if the municipality is located in such an area, as defined by the U.S. Department of Housing and Urban Development; or
(iii)the statewide median income, as defined by the U.S. Department of Housing and Urban D

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Related

§ 59.1
44 C.F.R. § 59.1
§ 201.6
44 C.F.R. § 201.6

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