Program Guidelines
Administrative Rules Income, Rent, and Utilities
Rental Affordable Units
2023 Maximum Monthly Rent
Rents listed below assume owner pays all utilities. If tenant will be responsible for some or all utilities, subtract the utility allowance from the maximum rent listed below.
| Bedrooms | 30% MFI | 60% MFI | 80% MFI |
|---|---|---|---|
| 0 (studio) | $592 | $1,185 | $1,580 |
| 1 | $634 | $1,269 | $1,693 |
| 2 | $762 | $1,524 | $2,032 |
| 3 | $880 | $1,760 | $2,347 |
| 4 | $981 | $1,963 | $2,618 |
| 5 | $1,083 | $2,166 | $2,888 |
2023 Maximum Annual Household Income
Program eligibility is determined using income limits. Household size refers to the number of people in the household. For each affordability level of 30%, 60%, and 80% MFI, potentially eligible households for a program would have an annual income that can be up to, but not exceeding, the income limit for their household size at the time of lease up.
Homeownership Affordable Units
Note: If selecting a 30% MFI IH program option, pricing for IH Homeownership units will be calculated at time of application.
2023 Maximum Purchase Price Caps
For all unit types with same number of bedrooms.
| Bedrooms | 60% MFI | 80% MFI |
|---|---|---|
| 0 (studio) | $171,059 | $248,566 |
| 1 | $180,488 | $263,424 |
| 2 | $216,259 | $323,263 |
| 3 | $245,145 | $368,572 |
| 4 | $272,684 | $410,418 |
| 5 | $300,073 | $452,106 |
Maximum Income for IH Homeownership Units
Program eligibility is determined using income limits. Household size refers to the number of people in the household. For each affordability level of 30%, 60%, and 80% MFI, potentially eligible households for a program would have an annual income that can be up to, but not exceeding, the following income limit for their household size at the time of purchase.
| Unit Affordability Level | Household Income MFI Cap |
|---|---|
| 30% MFI | 60% MFI |
| 60% MFI | 80% MFI |
| 80% MFI | 100% MFI |