### Question
What does low- or moderate-income household mean?


### Answer
**Low- or moderate-income household** has the following meaning in *12 U.S.C. § 1430*:

> any household which has an income of 80 percent or less of the area median

#### Citation:
  - *12 U.S.C. § 1430*
  - Heading: **CHAPTER 11-FEDERAL HOME LOAN BANKS**

