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May 4, 2005
DHCD Announces New HOME, CDBG and HPTF Income Limits

For the Housing Production Trust Fund, the FY 2004 income limits, which are calculated differently, are:

Maximum Homebuyer/
Tenant Income
Household Size
1 person 2 person 3 person 4 person 5 person 6 person 7 person 8 person
Extremely Low (0-30% of AMI) 18,753 21,432  24,111  26,790 29,469 32,148 34,827 37,506
Very Low (31-50% of AMI) 31,255 35,720 40,185 44,650 49,115 53,580 58,045 62,510
Low (51-80% of AMI) 50,008 57,152 64,296 71,440 78,584 85,728 92,872 100,016

             Based on HUD report of $89,300 as the AMI for a family of 4. 
 


HPTF Rent Limits

Extremely Low
(0-30% of AMI)
Very Low
 (31-50% of AMI)
Low
 (51-80% of AMI) 
Efficiency
(or bed in congregate facility) 
469 781 1,250
 1 Bedroom 536 893 1,429
 2 Bedroom 603 1,005 1,607
 3 Bedroom 737 1,228 1,965
 4 Bedroom 871 1,451 2,322
 5 Bedroom 938 1,563 2,500

For your information, the following link provides the prior fiscal year guidelines:

FY 2004 income limits

 
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