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<br />(iii) For two bedroom and larger units, the City
<br />requires, to the extent permitted by applicable
<br />law, occupancy preference be given to large
<br />households, as defined by the City's Consolidated
<br />Plan which documents the greatest housing need for
<br />large family households of four or more persons.
<br />
<br />(iv) Income and Rent levels for the HOME Units
<br />shall be in accordance with limits set forth by
<br />HUD, which will be adjusted annually by HUD. (See
<br />Table B, below for an example based on HUD's 2004
<br />income limits).
<br />
<br /> Table B.
<br /> 2004 SAN MATEO COUNTY INCOME LIMITS
<br /> as defined by HUD and the State of California
<br /> ___mmmINCOME LIMITS BY FAMILY SIZE----_mm_-
<br />Income Cateaorv 1 2 3 4 5 6 7 8
<br />
<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 HUD
<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 />31
<br />
<br />REDW\0006\DOC\001-7
<br />3/29/05 3:15 /rove
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