|
HOME and Housing Production Trust Fund Program Limits
Annually, DHCD makes available to project developers and sponsors the current US Department of Housing and Urban Development (HUD) issued income and rent limits for HOME Program-funded activities. *For Fiscal Year (FY) 2004, and until further notice, project sponsors currently receiving HOME funds should use the following limits as they set their FY 2004 occupancy and rent guidelines.
| HOME/CDBG Income Limits |
| 1 person |
2 person |
3 person |
4 person |
5 person |
6 person |
7 person |
8 person |
| Very Low (0-50% of AMI) |
30,450 |
34,800 |
39,150 |
43,500 |
47,000 |
50,450 |
53,950 |
57,400 |
| Low (51-80% of AMI) |
40,250 |
46,000 |
51,750 |
57,500 |
62,100 |
66,700 |
71,300 |
75,900 | AMI = Area Median Income as determined by HUD. *The same income limits apply for CDBG-funded activities.
Washington DC Uncapped Limits.
DHCD generally uses the definitions of "low" and "moderate" as defined in CDBG regulations, which correspond to the "very low" and "low" in the HOME and Section 8 Regulations (see chart above). Since 1999, however, DC has been exempted by HUD from these limits and permitted to use "Uncapped Limits" (i.e. the actual 80% of the Area Median Income for the DC Area). DHCD may use the exemption, as necessary, in its CDBG and HOME programs.
| 47,800 |
54,700 |
61,500 |
68,300 |
73,800 |
79,300 |
84,700 |
90,200 |
| HOME Rents |
| Efficiency |
1 BR |
2 BR |
3 BR |
4 BR |
5 BR |
6 BR |
| High HOME Rent |
913 |
1,039 |
1,218 |
1,436 |
1,582 |
1,727 |
1,873 |
| Low HOME Rent |
761 |
815 |
978 |
1,131 |
1,261 |
1,391 |
1,522 |
Project sponsors should review the HUD regulation on HOME rents at 24 CFR 92.252.
*The same income limits apply for CDBG-funded activities.
HPTF Income Limits
For the Housing Production Trust Fund, the FY 2004 income limits, which are calculated differently, are:
| 1 person |
2 person |
3 person |
4 person |
5 person |
6 person |
7 person |
8 person |
| Extremely Low (0-30% of AMI) |
17,934 |
20,496 |
23,058 |
25,620 |
28,182 |
30,744 |
33,306 |
35,868 |
| Very Low (31-50% of AMI) |
29,890 |
34,160 |
38,430 |
42,700 |
46,970 |
51,240 |
55,510 |
59,780 |
| Low (51-80% of AMI) |
47,824 |
54,656 |
61,488 |
68,320 |
74,624 |
81,984 |
88,816 |
95,648 |
Extremely Low (0 - 30% of AMI) |
Very Low (31 - 50% of AMI) |
Low (51 - 80% of AMI) |
| Efficiency (or bed in congregate facility) |
448 |
747 |
1,196 |
| 1 Bedroom |
512 |
854 |
1,366 |
| 2 Bedroom |
576 |
961 |
1,537 |
| 3 Bedroom |
705 |
1,174 |
1,879 |
| 4 Bedroom |
833 |
1,388 |
2,220 |
| 5 Bedroom |
897 |
1,495 |
2,391 |
|
|
|