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<br />
<br />Exhibit 2: San Mateo County Income and Rents Schedule for 2017
<br />Updated 6/23/2017
<br />CITY OF REDWOOD CITY
<br />2017 Maximum Income and Rent Limits
<br /> 2017 Area Median Income (AMI) is based on a household of 4 persons = $115,300 (HUD eff. 04/14/17)
<br />*********MAXIMUM INCOME LIMITS BY HOUSEHOLD SIZE********
<br />INCOME CATEGORY 1 2 3 4 5 6 7 8
<br />
<br />Extremely Low (30%) $27,650 $31,600 $35,550 $39,500 $42,700 $45,850 $49,000 $52,150
<br />
<br />Very Low (50%) $46,100 $52,650 $59,250 $65,800 $71,100 $76,350 $81,600 $86,900
<br />
<br />HOME Limit (60%) $55,320 $63,180 $71,100 $78,960 $85,320 $91,620 $97,920 $104,280
<br />
<br />Low (80%) $73,750 $84,300 $94,850 $105,350 $113,800 $122,250 $130,650 $139,100
<br />
<br />Median (100%)* $80,700 $92,250 $103,750 $115,300 $124,500 $133,750 $142,950 $152,200
<br />
<br />Moderate (120%)* $96,850 $110,700 $124,500 $138,350 $149,400 $160,500 $171,550 $182,600
<br />*HCD Limits
<br />
<br />*****MAXIMUM AFFORDABLE RENT PAYMENT*****
<br />INCOME CATEGORY STUDIO 1-BR 2-BR 3-BR 4-BR
<br />
<br />Extremely Low (30%) $691 $740 $888 $1,027 $1,146
<br />
<br />Very Low (50%) $1,152 $1,234 $1,481 $1,711 $1,908
<br />
<br />HOME – Low (50%) $1,152 $1,234 $1,481 $1,711 $1,908
<br />
<br />HOME – High (60%) $1,479 $1,586 $1,904 $2,192 $2,425
<br />
<br />Low (80%) $1,843 $1,975 $2,371 $2,739 $3,056
<br />
<br />HUD Fair Market Rents $1,915 $2,411 $3,018 $3,927 $4,829
<br />
<br />Median (100%)* $2,017 $2,161 $2,593 $2,997 $3,343
<br />
<br />Moderate (120%)* $2,421 $2,594 $3,112 $3,596 $4,012
<br />*HCD Limits
<br />6.1.A. - Page 22
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