Low Income


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Low Income

Describing persons who earn less than, or at least not significantly more than, the poverty level. Low income persons have less disposable income than others and may sometimes struggle to pay their bills. Low income persons often have low job security and are strongly correlated with low education levels. Some low income persons may qualify for government assistance programs, though many do not because they earn too much, but not enough to live comfortably.
References in periodicals archive ?
Vicinitas Hall in the Bronx received credits to build 68 low income units including supportive housing to serve 41 young people.
However, between 1996 and 2001, the working poor spent on average three years in low income and 40% of them experienced persistent poverty.
As well, low income lone mothers shared a number of common characteristics, such as 60 per cent not being in a marital or common law union when their first child was born, 47 per cent having a pre-school aged child, 25 per cent being a student and 28 per cent being a high school drop-out.
Others have advocated a Low Income Measure (LIM) which calculates poverty as being half the median income of individuals and families.
Statistic's Canada's Low Income Cut-Off, MBM offers the possibility of a different measure for each region and urban area.
The need for middle income housing has grown by leaps and bounds over the last 10 years, and is now as great, in some ways greater, than the need for low income housing.
For Bill Frey, a 43-year-old graduate of Fordham University, community development and low income housing has been a life-long mission.
Chemical Banking Corporation has announced the formation of the Chemical Banking Corporation Low Income Housing Fund, which will provide $lOO million for the development of multifamily affordable housing in areas Chemical serves through out the country.

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