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Notes

24 C.F.R. §§ 81.17–81.19

3 sections in range

§81.17. Affordability—Income level definitions—family size and income known (owner-occupied units, actual tenants, and prospective tenants).

24 C.F.R. § 81.17

In determining whether a dwelling unit is affordable to very-low-, low-, or moderate-income families, where the unit is owner-occupied or, for rental housing, family size and income information for the dwelling unit is known to the GSE, the affordability of the unit shall be determined as follows:
(a)
Moderate-income— means:
(1)
In the case of owner-occupied units, income not in excess of 100 percent of area median income; and
(2)
In the case of rental units, where the income of actual or prospective tenants is available, income not in excess of the following percentages of area median income corresponding to the following family sizes:
(b)
Low-income— means:
(1)
In the case of owner-occupied units, income not in excess of 80 percent of area median income; and
(2)
In the case of rental units, where the income of actual or prospective tenants is available, income not in excess of the following percentages of area median income corresponding to the following family sizes:
(c)
Very-low-income— means:
(1)
In the case of owner-occupied units, income not in excess of 60 percent of area median income; and
(2)
In the case of rental units, where the income of actual or prospective tenants is available, income not in excess of the following percentages of area median income corresponding to the following family sizes:
(d)
Especially-low-income— means, in the case of rental units, where the income of actual or prospective tenants is available, income not in excess of the following percentages of area median income corresponding to the following family sizes:
Notes, amendments, and revision history

Amendments

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

Authority

Authority: 12 U.S.C. 1451 et seq., 1716-1723h, and 4501-4641; 28 U.S.C. 2461 note; 42 U.S.C. 3535(d) and 3601-3619.

Source

Source: 60 FR 61888, Dec. 1, 1995, unless otherwise noted.

Amendments

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

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

24 C.F.R. § 81.18

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:
(b)
For low-income,— income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size:
(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:
(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:
Notes, amendments, and revision history

Amendments

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

Authority

Authority: 12 U.S.C. 1451 et seq., 1716-1723h, and 4501-4641; 28 U.S.C. 2461 note; 42 U.S.C. 3535(d) and 3601-3619.

Source

Source: 60 FR 61888, Dec. 1, 1995, unless otherwise noted.

Amendments

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

§81.19. Affordability—Rent level definitions—tenant income is not known.

24 C.F.R. § 81.19

For purposes of determining whether a rental unit is affordable to very-low-, low-, or moderate-income families where the income of the family in the dwelling unit is not known to the GSE, the affordability of the unit is determined based on unit size as follows:
(a)
For moderate-income,— maximum affordable rents to count as housing for moderate-income families shall not exceed the following percentages of area median income with adjustments, depending on unit size:
(b)
For low-income,— maximum affordable rents to count as housing for low-income families shall not exceed the following percentages of area median income with adjustments, depending on unit size:
(c)
For very-low-income,— maximum affordable rents to count as housing for very-low-income families shall not exceed the following percentages of area median income with adjustments, depending on unit size:
(d)
For especially-low-income,— maximum affordable rents to count as housing for especially-low-income families shall not exceed the following percentages of area median income with adjustments, depending on unit size:
(e)
Missing Information. Each GSE shall make every effort to obtain the information necessary to make the calculations in this section. If a GSE makes such efforts but cannot obtain data on the number of bedrooms in particular units, in making the calculations on such units, the units shall be assumed to be efficiencies except as provided in § 81.15(e)(6)(i).
Notes, amendments, and revision history

Amendments

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

Authority

Authority: 12 U.S.C. 1451 et seq., 1716-1723h, and 4501-4641; 28 U.S.C. 2461 note; 42 U.S.C. 3535(d) and 3601-3619.

Source

Source: 60 FR 61888, Dec. 1, 1995, unless otherwise noted.

Amendments

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