 |
1-Mar-08
|
House-
hold
Size
|
Extremely
Low Income
(0 - 30%
MFI)
|
Very
Low Income
(31 - 50%
MFI)
|
Other
Low Income
(51 - 80%
MFI)
|
MFI
|
|
1
|
$15,850
|
$26,400
|
$42,200
|
$52,800
|
|
2
|
$18,100
|
$30,150
|
$48,250
|
$60,300
|
|
3
|
$20,350
|
$33,950
|
$54,250
|
$67,900
|
|
4
|
$22,600
|
$37,700
|
$60,300
|
$71,600
|
|
5
|
$24,450
|
$40,700
|
$65,100
|
$81,400
|
|
6
|
$26,250
|
$43,750
|
$69,950
|
$87,500
|
|
7
|
$28,050
|
$46,750
|
$74,750
|
$93,500
|
|
8
or
more
|
$29,850
|
$49,750
|
$79,600
|
$99,500
|
MFI = Median Family Income
MFI for all household sizes for 2008 is $71,600
EXHIBIT 1
Median Family Income (MFI) by Household Size
March-08
For Dupage County and Cities of Aurora, Naperville, and Wheaton
|
House-
hold
Size
|
30%
of
MFI (1)
|
50%
of
MFI (2)
|
60%
of
MFI (3)
|
65%
of
MFI (4)
|
80%
of
MFI (5)
|
MFI
|
|
1
|
$15,850
|
$26,400
|
$31,700
|
$34,300
|
$42,200
|
$52,800
|
|
2
|
$18,100
|
$30,150
|
$36,200
|
$39,200
|
$48,250
|
$60,300
|
|
3
|
$20,350
|
$33,950
|
$40,750
|
$44,150
|
$54,250
|
$67,900
|
|
4
|
$22,600
|
$37,700
|
$45,240
|
$45,370
|
$60,300
|
$71,600
|
|
5
|
$24,450
|
$40,700
|
$48,850
|
$52,900
|
$65,100
|
$81,400
|
|
6
|
$26,250
|
$43,750
|
$52,500
|
$56,875
|
$69,950
|
$87,500
|
|
7
|
$28,050
|
$46,750
|
$56,100
|
$60,775
|
$74,750
|
$93,500
|
|
8
or
more
|
$29,850
|
$49,750
|
$59,700
|
$64,675
|
$79,600
|
$99,500
|
(1) Called Extremely Low Income in HUD terminology.
This is a proxy for poverty level.
(2) Called Very Low Income in HUD terminology.
20% of affordable rental units must be occupied by households at
this level or below.
(3) 90% of affordable rental units must be occupied
by households at or below these limits.
(4) Households at or below this level when they
are payng no more than 30% of their income toward rent (see High
HOME rents in Exhibit 2.)
(5) Called Low Income in HUD terminology. 100%
of all households getting direct assistance from homeownership programs
mjust be at or below these limits. Also, 100% of rental units must
be occupied by households at or below these limits.
EXHIBIT 2
Maximum Allowable Rents for HOME and HDF Projects
Effective April 12, 2008
|
#
Bedrooms
|
0
|
1
|
2
|
3
|
4
|
5
|
6
|
High
HOME
Rent (1) |
$734
|
$840
|
$944
|
$1,154
|
$1,304
|
$1,486
|
$1,609
|
Low
HOME
Rent (2) |
$660
|
$706
|
$848
|
$980
|
$1,093
|
$1,206
|
$1,319
|
FMR
@4/08 |
$689
|
$797
|
$899
|
$1,075
|
$1,196
|
$1,500
|
$1,695
|
(1) 100% of qualifying affordable units must have
rents at or below these limits.
(2) 20% of qualifying affordable units must have
rents at or below these limits.
|
|
