Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 1282  /  Sec. 1282.18 Affordability--Income level definitions--family size not

In determining whether a rental unit is affordable where family size is not known to the Enterprise, income will be adjusted using unit size, and affordability determined as follows:

(a) For moderate-income, the income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size: ------------------------------------------------------------------------

Percentage of

Unit size area median

income------------------------------------------------------------------------Efficiency.............................................. 701 bedroom............................................... 752 bedrooms.............................................. 903 bedrooms or more...................................... *------------------------------------------------------------------------*104% plus (12% multiplied by the number of bedrooms in excess of 3).

(b) For low-income (80%), income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size: ------------------------------------------------------------------------

Percentage of

Unit size area median

income------------------------------------------------------------------------Efficiency.............................................. 561 bedroom............................................... 602 bedrooms.............................................. 723 bedrooms or more...................................... *------------------------------------------------------------------------*83.2% plus (9.6% multiplied by the number of bedrooms in excess of 3).

(c) For low-income (60%), income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size: ------------------------------------------------------------------------

Percentage of

Unit size area median

income------------------------------------------------------------------------Efficiency.............................................. 421 bedroom............................................... 452 bedrooms.............................................. 543 bedrooms or more...................................... *------------------------------------------------------------------------*62.4% plus (7.2% multiplied by the number of bedrooms in excess of 3).

(d) For very low-income, income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size: ------------------------------------------------------------------------

Percentage of

Unit size area median

income------------------------------------------------------------------------Efficiency............................................. 351 bedroom.............................................. 37.52 bedrooms............................................. 453 bedrooms or more..................................... *------------------------------------------------------------------------*52% plus (6.0% multiplied by the number of bedrooms in excess of 3).

(e) For extremely low-income, income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size: ------------------------------------------------------------------------

Percentage of

Unit size area median

income------------------------------------------------------------------------Efficiency............................................. 211 bedroom.............................................. 22.52 bedrooms............................................. 273 bedrooms or more..................................... *------------------------------------------------------------------------*31.2% plus (3.6% multiplied by the number of bedrooms in excess of 3).