24 CFR § 81.18 - Affordability - Income level definitions - family size not known (actual or prospective tenants).

§ 81.18 Affordability - Income level definitions - family size not known (actual or prospective tenants).

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:

Unit size Percentage of area median income
Efficiency 70
1 bedroom 75
2 bedrooms 90
3 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:

Unit size Percentage of area median income
Efficiency 56
1 bedroom 60
2 bedrooms 72
3 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:

Unit size Percentage of area median income
Efficiency 42
1 bedroom 45
2 bedrooms 54
3 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:

Unit size Percentage of area median income
Efficiency 35
1 bedroom 37.5
2 bedrooms 45
3 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]

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