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Planning

 

2003 Affordable Housing Eligibility and Rental Rates

 

 

 

 

 

Rental Rates for Low & Moderate Affordable Housing

Apartment Size

Minimum Occupancy

Assumed Occupancy*  *Assumed Occupancy determines rental rates.

Low Income Rental Rate

Moderate Income Rental Rate

Efficiency

1

1

$791

$989

1

1

2

$904

$1,130

2

2

3

$1,017

$1,272

3

3

4

$1,130

$1,413

4

4

5

$1,220

$1,525

5

5

6

$1,311

$1,639

6

6

7

$1,401

$1,752

7

7

8

$1,491

$1,864

 

 

 

 

 

2003 Monroe County Median Income - Effective February 20, 2003

$56,500

 

 

 

 

 

Median Incomes Adjusted for Household Size. (Eligibility based on actual household size.)

Household Size

Low Income * (80% Median)

Median Income *

Moderate Income * (120% of Median)

 

* Income  based on pay from highest 40 hours of work for individuals and highest 60 hours for married couples or registered domestic partners.

 

1

$31,650

$39,562

$47,475

 

2

$36,150

$45,188

$54,225

 

3

$40,700

$50,875

$61,050

 

4

$45,200

$56,500

$67,800

 

5

$48,800

$61,000

$73,200

 

6

$52,450

$65,562

$78,675

 

7

$56,050

$70,062

$84,075

 

8

$59,650

$74,562

$89,475

 

 

 

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