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AgdaPkt 2018-03-26 Joint SA PFA
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AgdaPkt 2018-03-26 Joint SA PFA
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Last modified
3/5/2021 2:02:20 PM
Creation date
3/22/2018 4:45:26 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
3/26/2018
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1 <br />Updated 6/23/2017 <br />Income and Rent Sources and Notes: <br /> <br />Median Family Income (MFI) Limits and Area Median Income (AMI) limits for San Mateo County are published <br />annually by the U.S. Department of Housing & Urban Development (HUD) and the State of California <br />Department of Housing and Community Development (HCD). The HUD published income and rent limits are <br />effective April 14, 2017 and HCD published income and rent limits are effective June 9, 2017. <br /> <br />HOME published income and rent limits are effective April 11, 2017. <br /> <br />Maximum affordable rent is based on 30% of monthly income with all utilities paid by landlord. The Utility <br />Allowances established by the County of San Mateo Housing Authority are used by the City of Redwood City <br />for determining tenant-paid utility allowances. If tenant pays utilities then the Utility Allowance must be <br />subtracted from the maximum rent so that rent plus tenant paid utilities does not exceed the maximum rent. <br /> <br />Maximum affordable rents are calculated based on HUD and HCD Income Limits and the following household sizes: <br />Studio: 1 person <br /> <br />1- Bedroom: 1.5 persons <br /> <br />2- Bedroom: 3 persons <br /> <br />3- Bedroom: 4.5 persons <br /> <br />4- Bedroom: 6 persons <br />Please contact the City of Redwood City Housing Staff for any questions regarding the income limits or rents that <br />apply to your units at 650-780-7234. <br /> <br />6.1.A. - Page 23
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