Income Limits |2024

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Housing Authorities use Income Limits developed by HUD to determine eligibility.  HUD develops income limits based on Median Family Income estimates and Fair Market Rent area definitions for each metropolitan area, parts of some metropolitan areas, and each non-metropolitan county.

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• Annual Median Income for a Family of Four in this area = $68,200

• Extreme-Low Income= 30% of Median Annual Income = $31,200 household of 4

• Very-Low Income= 50% of Median Annual Income= $35,250 household of 4

• Low Income= 80% of Median Annual Income= $56,400 household of 4

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Calculations

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• To determine the TTP (Total Tenant Payment, or rent) the formula used is the highest of the following, rounded to the nearest dollar.

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1. 30% of the monthly adjusted income. (Monthly Adjusted Income is annual income, less deductions, allowed by the regulations- children, elderly, disabled)

2. 10% of monthly income.

3. Welfare rent, if applicable.

4. A $25 minimum rent or higher amount (up to $50) is set by the Agency.

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• Re-certifications are required once a year from the move-in date. Interims are mandated when a tenant’s situation has changed (dependents, job, or pay change) that could impact rent.

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• Job status is checked from an online database using the tenant's SSN.

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