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:
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:
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:
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:
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). |
Code of Federal Regulations
[60 FR 61888, Dec. 1, 1995, as amended at 65 FR 65089, Oct. 31, 2000]