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In addition to funding affordable housing construction, the fund provides down payment assistance loans of up to 10% of the cost of a home to home buyers who work in Napa County and earn less than 120% of the area median income.
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Dade County established its Housing Trust Fund in 1984 to fund construction and rehabilitation of affordable housing for low-income households (defined by county law as below 80% of median income) and moderate-income households (80-140% of median income).
The median income for a household in the city was $24,305, and the median income for a family was $24,934.
The median income for a household in the township was $44,063, and the median income for a family was $48,125.
Median income is the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount.
Eight of the top 10 highest median income areas in Canada are covered by a Post City Magazines publication, such as The Bridle Path, Rosedale, Forest Hill, York Mills, Moore Park, Lawrence Park, Lytton Park, Thornhill and Richmond Hill.