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O K - A-N N To help potential applicants determine whether or not their project might be eligible for a grant, it is important to be familiar witli the basic requirements of the Federal program that provides the funding for the grants. Potential applicants should also review the contractual requirements they will be expected to meet if they are selected for Federal finding. CDBG National Objectives Federal legislation and regulations have established national objectives that all CDBG funded activities must meet. The City of Kannapolis must assure that all activities meet one of these two national objectives of the program. Each activity must: 1) benefit people with low and moderate incomes (LMI); 2) aid in the prevention Of slums and blight. Activities that do not meet one of these two broad national objectives cannot be undertaken with CDBG funds. Low and Moderate Income Benefit Generally, public service activities meet the first requirement --- benefit to LMI persons, or those whose family income is up to 80% of the area median income (AMI), For an activity to meet this objective, it must either have income eligibility requirements that limit the activity's benefits to LMI persons, or the activity must be located in and serve an area that is predominantly inhabited by LMI residents, Under the CDBG regulations, programs that serve the elderly or adult persons with disabilities are usually considered to benefit low and moderate- income persons, The income limits that determine who is considered to have low and moderate incomes are shown below and are based on AMI: Low Income Limits (up to 50% AMI) 2012 Kannapolis Residents within: Moderate Income Limits (up to 80% AMI) 2012 Kannapolis Residents within- Rowan Cabarrus Count Count ° I- person $24,000 $19,950 E m 2-person $27,400 $22,800 E , 3 -person $30,850 $25,650 N 4-person 834,250 $28,500 W 7 5 � 1 4-erson son $37,000 $30,800 a 6 -person $39,750 $33,100 i 7-person $42 $35,350 2 0 8-person $45,250 $37,650 Moderate Income Limits (up to 80% AMI) 2012 Kannapolis Residents within- 2 Attachment number 2 F -7 Page 113 Rowan Cabarrus County Count ° 1-person $3 8,400 $31,950 2-person $43,850 $36,500 E 3- person $49,350 _ $41,050 N 4-person $54,800 $45,600 W 7 5 5-person $59,200 $49,250 a 6-person $63,600 $52,900 m z 7-person $68,000 $56 550 X 8 - p erson $72,350 $60,200 2 Attachment number 2 F -7 Page 113