Code of Federal Regulations (alpha)

CFR /  Title 24  /  Part 81  /  Sec. 81.18 Affordability--Income level definitions--family size not

In determining whether a rental unit is affordable to very-low, low-, or moderate-income families where family size is not known to the GSE, 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 area

Unit size 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, income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size: ------------------------------------------------------------------------

Percentage

of area

Unit size 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 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 area

Unit size 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 especially-low-income, income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size: ------------------------------------------------------------------------

Percentage

of area

Unit size 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). [60 FR 61888, Dec. 1, 1995, as amended at 65 FR 65089, Oct. 31, 2000]