085-2 Wyo. Code R. § 2-2

Current through April 27, 2019
Section 2-2 - Benefit to Low and Moderate Income Individuals

(a) In order for CDBG funds to be used for any economic development projects wishing to be funded under the national objective of benefit to low and moderate income persons, it must be documented that no fewer than 51 percent of the jobs to be created will be given to individuals from low to moderate income households. Appendix A includes the household income for each county that qualifies a person as low to moderate income. It should be noted that the amounts shown under household size reflect the amount of income from all income-earning members of the household at the time employment begins. For example: If a company in Albany county employs a persons from a household of two individuals, it cannot be assumed that as long as they pay the individual less than $38,500 per year the benefit to low/moderate income individuals has been met. If the other individual inhabiting the household is employed and earning $20,000/year and the person they wish to hire is also employed and earning over $18,500 per year, there has not been any benefit to low/moderate income individuals if the individual is hired. If the person the company wishes to hire is unemployed, the total household income is then considered to be $20,000 and they may hire the individual, pay him or whatever they wish and conclude that the benefit to low to moderate income individuals requirement has been met. It is imperative therefore, that the company carefully screen and document each potential employee to be benefitted by CDBG assistance.

085-2 Wyo. Code R. § 2-2