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<br /> Table B.
<br /> 2004 SAN MATEO COUNTY INCOME LIMITS
<br /> as defined by HUD and the State of California
<br /> --------INCOME LIMITS BY FAMILY SIZE--------
<br />Income Cateaorv 1 2 3 4 5 6 7 8
<br />Extremely Low* $23,750 $27,150 $30,550 $33,950 $36,650 $39,350 $42,050 $44,800
<br />Very Low* $39,600 $45,250 $50,900 $56,550 $61,050 $65,600 $70,100 $74,650
<br />HOME limit* $47,520 $54,300 $61,080 $67,860 $73,260 $78,720 $84,120 $89,580
<br />Low * $63,350 $72,400 $81,450 $90,500 $97,700 $104,950 $112,200 $119,450
<br />Median** $64,050 $73,200 $82,350 $91,500 $98,800 $106,150 $113,450 $120,800
<br />Moderate** $76,850 $87,850 $98,800 $109,800 $118,600 $127,350 $136,150 $144,950
<br />
<br />Income Cateaorv
<br />
<br />Studio
<br />
<br />------HOME PROGRAM RENTS--
<br />1-BR 2-BR 3-BR
<br />
<br />4-BR
<br />
<br />Low HOME
<br />Rent Limit
<br />
<br />$990
<br />
<br />$1061
<br />
<br />1273
<br />
<br />1470
<br />
<br />1640
<br />
<br />1. Maximum affordable rent based on 30% of monthly income and all utilities paid by landlord.
<br />(utility allowance for tenant paid utilities established by Section 8 program) unless
<br />further adjusted by BUD
<br />
<br />2. The following is the assumed family size for each unit:
<br />Studio: 1 1-BR: 1.5 2-BR: 3 3-BR: 4.5
<br />
<br />4-BR : 6
<br />
<br />* Income figures provided by HOD for all San Mateo County federal entitlement programs (CDBG,
<br />HOME, ESG)
<br />** Income figures provided by State of California RCD - You should verify the income figures in
<br />use for each specific program.
<br />
<br />3. Marketina of HOME Units. The Developer shall
<br />comply with the City's affirmative marketing plan for the HOME
<br />Units to be provided by City. Except for existing tenants, the
<br />Developer shall, to the extent permitted by applicable law, select
<br />eligible tenants for the Home Units from a pool of applicants
<br />residing in the incorporated limits of the City of Redwood City no
<br />later than the date on which construction will begin or the
<br />earliest date unit is habitable for occupancy. The Developer shall
<br />include as part of its marketing efforts:
<br />
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<br />
<br />REDW\0006\DOC\001-5
<br />1/27/05 7:00 /mve
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