| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | INCOME & RENT LIMITS (September 14, 2023) | |||||||||||||||||
2 | Annual Household Income (as a percentage of the area median family income - AMI) by Household Size | |||||||||||||||||
3 | CDBG, HOME, and NHT (1) | LIHTC, Section 8, Section 202, Section 811, and non-NHT City Funded Rental Programs (2) | City Funded Rental Programs (3) | |||||||||||||||
4 | Household Size | 30% (Extremely Low) | 50% (Very Low) | 60% | 80% (CDBG Low/Mod) | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% | 110% | 120% | 135% | 150% | |
5 | 1 person | $31,150 | $51,950 | $62,340 | $82,950 | $31,170 | $41,560 | $51,950 | $62,350 | $72,730 | $83,120 | $93,510 | $103,900 | $114,290 | $124,680 | $140,270 | $155,850 | |
6 | 2 persons | $35,600 | $59,400 | $71,280 | $94,800 | $35,640 | $47,520 | $59,400 | $71,300 | $83,160 | $95,040 | $106,920 | $118,800 | $130,680 | $142,560 | $160,380 | $178,200 | |
7 | 3 persons | $40,050 | $66,800 | $80,160 | $106,650 | $40,080 | $53,440 | $66,800 | $80,150 | $93,520 | $106,880 | $120,240 | $133,600 | $146,960 | $160,320 | $180,360 | $200,400 | |
8 | 4 persons | $44,500 | $74,200 | $89,040 | $118,450 | $44,520 | $59,360 | $74,200 | $89,050 | $103,880 | $118,720 | $133,560 | $148,400 | $163,240 | $178,080 | $200,340 | $222,600 | |
9 | 5 persons | $48,100 | $80,150 | $96,180 | $127,950 | $48,090 | $64,120 | $80,150 | $96,200 | $112,210 | $128,240 | $144,270 | $160,300 | $176,330 | $192,360 | $216,410 | $240,450 | |
10 | 6 persons | $51,650 | $86,100 | $103,320 | $137,450 | $51,660 | $68,880 | $86,100 | $103,300 | $120,540 | $137,760 | $154,980 | $172,200 | $189,420 | $206,640 | $232,470 | $258,300 | |
11 | (1) HUD issued, effective 5/15/23. (2) HUD issued, effective 5/15/23. (3) Calculated based on HUD issued LIHTC 50% income limit. | |||||||||||||||||
12 | ||||||||||||||||||
13 | Annual Household Income (as a percentage of the area median family income - AMI) by Household Size | |||||||||||||||||
14 | City and MHP Funded Homeownership Programs (Downpayment Assistance, NHI, and One+ Boston Mortgage) | |||||||||||||||||
15 | Household Size | 80% | 90% | 100% | 110% | 120% | 135% | |||||||||||
16 | 1 person | $86,050 | $96,850 | $107,600 | $118,300 | $129,050 | $145,200 | |||||||||||
17 | 2 persons | $98,350 | $110,650 | $122,950 | $135,200 | $147,500 | $165,950 | |||||||||||
18 | 3 persons | $110,650 | $124,500 | $138,300 | $152,100 | $165,950 | $186,700 | |||||||||||
19 | 4 persons | $122,900 | $138,300 | $153,650 | $169,000 | $184,350 | $207,400 | |||||||||||
20 | 5 persons | $132,750 | $149,400 | $165,950 | $182,550 | $199,100 | $224,000 | |||||||||||
21 | 6 persons | $142,600 | $160,450 | $178,250 | $196,050 | $213,850 | $240,600 | |||||||||||
22 | (1) MHP and City of Boston calculated, based on HUD data, effective 5/15/23. | |||||||||||||||||
23 | ||||||||||||||||||
24 | Monthly Rent Limits with Utilities Included, by Income Limit | |||||||||||||||||
25 | HOME PROGRAM (1) | CDBG Low/Mod, including NHT (3) | FAIR MARKET RENT (FMR) - HUD Vouchers (2) | LIHTC & Non-NHT and CDBG City Funded Programs (3) | ||||||||||||||
26 | Bedroom Size | 30% (Extremely Low) | Low Home Rent (50%) | High Home Rent (65%) | 80% | 100% of FMR | 110% of FMR | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% | 110% | 120% | |
27 | SRO | $584 | $974 | $1,248 | $1,444 | $1,659 | $1,825 | $584 | $779 | $973 | $1,168 | $1,363 | $1,558 | $1,578 | $1,754 | $1,928 | $2,103 | |
28 | 0-BR/Eff | $779 | $1,298 | $1,664 | $1,926 | $2,212 | $2,433 | $779 | $1,039 | $1,298 | $1,558 | $1,818 | $2,078 | $2,104 | $2,339 | $2,571 | $2,805 | |
29 | 1-BR | $835 | $1,391 | $1,784 | $2,095 | $2,377 | $2,615 | $835 | $1,113 | $1,391 | $1,670 | $1,948 | $2,227 | $2,254 | $2,505 | $2,756 | $3,006 | |
30 | 2-BR | $1,002 | $1,670 | $2,143 | $2,514 | $2,827 | $3,110 | $1,002 | $1,336 | $1,670 | $2,004 | $2,338 | $2,672 | $2,704 | $3,006 | $3,307 | $3,608 | |
31 | 3-BR | $1,157 | $1,929 | $2,467 | $2,905 | $3,418 | $3,760 | $1,157 | $1,543 | $1,929 | $2,315 | $2,701 | $3,087 | $3,124 | $3,472 | $3,820 | $4,166 | |
32 | 4-BR | $1,291 | $2,152 | $2,733 | $3,240 | $3,765 | $4,142 | $1,291 | $1,722 | $2,152 | $2,583 | $3,013 | $3,444 | $3,486 | $3,882 | $4,271 | $4,659 | |
33 | (1) Issued by HUD, eff 6/15/23. (2) Issued by HUD, eff 10/01/23. Note: For underwriting purposes, BHA uses 110% of FMR in zip codes where SAFMR is at or below 110% of FMR and uses SAFMR rents in zip codes where SAFMR is above 110% of FMR. SAFMR are posted here: https://www.huduser.gov/portal/datasets/fmr/smallarea/index.html * SRO rent is calculated at 75% of the O-BR/Eff per HUD guidance. (3) 30% to 80% rents are as published by Novogradac (May 2023). For units in service prior to 2023, use calculator at https://ric.novoco.com/tenant/rentincome/calculator/z2.jsp. 90% to 120% rents are set by MOH, and represents a 5.84% increase in rents from 2022, in line with increases in tax credit rents. | |||||||||||||||||
34 | ||||||||||||||||||
35 | Purchase Price Limits, by Income Limit | HOME Purchase Price/Value Limits (effective 7/01/2023) | ||||||||||||||||
36 | Property Type | 80% | 100% | Suffolk | Existing + New Homes | 1 Unit | 2 Units | 3 Units | 4 Units | |||||||||
37 | Condominiums (1) | $620,000 | $793,000 | $961,000 | $1,190,000 | |||||||||||||
38 | Compact Studio | $162,700 | $215,100 | HOME Per Unit Subsidy Caps: Based on High Cost % effective 4/7/2023 | ||||||||||||||
39 | Compact One-Bedroom | $197,500 | $258,600 | Boston (capped at 240%), Section 234, elevator buildings | 0 BR & SRO's | 1 BR Unit | 2 BR Unit | 3 BR Unit | 4+ BR Unit | |||||||||
40 | Compact Two-Bedroom | $232,600 | $301,200 | $173,011 | $198,331 | $241,176 | $312,005 | $342,482 | ||||||||||
41 | Compact Three-Bedroom | $267,400 | $340,200 | |||||||||||||||
42 | Studio | $180,800 | $239,000 | |||||||||||||||
43 | One-Bedroom | $219,500 | $287,400 | |||||||||||||||
44 | Two-Bedroom | $258,500 | $334,700 | |||||||||||||||
45 | Three-Bedroom | $297,200 | $378,000 | |||||||||||||||
46 | Four-Bedroom | $334,400 | $421,300 | |||||||||||||||
47 | Other Property Types (2) | |||||||||||||||||
48 | Duplex | $290,000 | $375,000 | |||||||||||||||
49 | Single-Family | $300,000 | $385,000 | |||||||||||||||
50 | Two-Family | $400,000 | $475,000 | |||||||||||||||
51 | (1) Set by BPDA for 2023. See http://www.bostonplans.org/housing/income,-asset,-and-price-limits for more information (2) Set by MOH. | |||||||||||||||||
52 | ||||||||||||||||||
53 | Boston Planning & Development Agency (BPDA) Income, Rent, and Sales Prices Limits (Inclusionary Development Policy units) can be found at http://www.bostonplans.org/housing/income,-asset,-and-price-limits | |||||||||||||||||
54 | ||||||||||||||||||
55 | BHA Utility Allowance, Effective 8/1/23 (http://www.bostonhousing.org/en/For-Section-8-Leased-Housing/How-Rent-is-Set/Utility-Chart.aspx ) | |||||||||||||||||
56 | Single Familiy | SRO | 0 BR | 1 BR | 2 BR | 3 BR | 4 BR | 5 BR | 6 BR | |||||||||
57 | Heating: Gas | 45 | 59 | 70 | 81 | 93 | 104 | 116 | 130 | |||||||||
58 | Heating: Elec. | 114 | 151 | 178 | 208 | 238 | 268 | 298 | 334 | |||||||||
59 | Heating: Heat Pump | 61 | 81 | 96 | 113 | 127 | 141 | 155 | 174 | |||||||||
60 | Heating: Oil | 110 | 146 | 171 | 200 | 228 | 256 | 285 | 319 | |||||||||
61 | Heating: Propane | 102 | 136 | 160 | 187 | 213 | 240 | 266 | 298 | |||||||||
62 | Other Electric | 73 | 93 | 107 | 145 | 183 | 221 | 260 | 290 | |||||||||
63 | Water & Sewer | 51 | 68 | 75 | 125 | 200 | 275 | 350 | 392 | |||||||||
64 | Cooking: Gas | 4 | 5 | 6 | 8 | 10 | 13 | 15 | 17 | |||||||||
65 | Cooking: Elec. | 12 | 15 | 18 | 25 | 33 | 41 | 49 | 55 | |||||||||
66 | Cooking: Propane | 9 | 11 | 13 | 18 | 24 | 30 | 35 | 39 | |||||||||
67 | Hot Water: Gas | 11 | 14 | 17 | 24 | 32 | 39 | 47 | 53 | |||||||||
68 | Hot Water: Elec. | 36 | 48 | 57 | 73 | 89 | 104 | 120 | 134 | |||||||||
69 | Hot Water: Propane | 25 | 33 | 39 | 56 | 73 | 90 | 108 | 121 | |||||||||
70 | Hot Water: Oil | 27 | 35 | 41 | 60 | 78 | 97 | 115 | 129 | |||||||||
71 | Refrigerator | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | |||||||||
72 | Range | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | |||||||||
73 | Monthly Charge for Use of Electricity | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |||||||||
74 | Monthly Charge for Use of Gas | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |||||||||
75 | Apartments (Two- and Three-family home, Row House, Garden) | SRO | 0 BR | 1 BR | 2 BR | 3 BR | 4 BR | 5 BR | 6 BR | |||||||||
76 | Heating: Gas | 54 | 72 | 85 | 91 | 98 | 104 | 110 | 123 | |||||||||
77 | Heating: Elec. | 70 | 93 | 110 | 142 | 175 | 208 | 241 | 270 | |||||||||
78 | Heating: Heat Pump | 55 | 73 | 86 | 102 | 115 | 127 | 140 | 157 | |||||||||
79 | Heating: Oil | 133 | 177 | 209 | 224 | 240 | 256 | 272 | 305 | |||||||||
80 | Heating: Propane | 125 | 166 | 195 | 210 | 225 | 239 | 254 | 284 | |||||||||
81 | Other Electric | 62 | 79 | 91 | 122 | 154 | 186 | 217 | 242 | |||||||||
82 | Water & Sewer | 51 | 68 | 75 | 125 | 200 | 275 | 350 | 392 | |||||||||
83 | Cooking: Gas | 4 | 5 | 6 | 8 | 10 | 13 | 15 | 17 | |||||||||
84 | Cooking: Elec. | 12 | 15 | 18 | 25 | 33 | 41 | 49 | 55 | |||||||||
85 | Cooking: Propane | 9 | 11 | 13 | 18 | 24 | 30 | 35 | 39 | |||||||||
86 | Hot Water: Gas | 11 | 14 | 17 | 24 | 32 | 39 | 47 | 53 | |||||||||
87 | Hot Water: Elec. | 36 | 48 | 57 | 73 | 89 | 104 | 120 | 134 | |||||||||
88 | Hot Water: Propane | 25 | 33 | 39 | 56 | 73 | 90 | 108 | 121 | |||||||||
89 | Hot Water: Oil | 27 | 35 | 41 | 60 | 78 | 97 | 115 | 129 | |||||||||
90 | Refrigerator | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | |||||||||
91 | Range | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | |||||||||
92 | Monthly Charge for Use of Electricity | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |||||||||
93 | Monthly Charge for Use of Gas | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |||||||||
94 | Elevator High Rise (Large Apartment with 5 plus Units) | SRO | 0 BR | 1 BR | 2 BR | 3 BR | 4 BR | 5 BR | 6 BR | |||||||||
95 | Heating: Gas | 31 | 41 | 49 | 57 | 65 | 73 | 81 | 91 | |||||||||
96 | Heating: Elec. | 48 | 64 | 76 | 103 | 129 | 156 | 183 | 205 | |||||||||
97 | Heating: Heat Pump | 43 | 57 | 67 | 79 | 89 | 99 | 109 | 122 | |||||||||
98 | Heating: Oil | 77 | 102 | 120 | 140 | 160 | 179 | 199 | 223 | |||||||||
99 | Heating: Propane | 72 | 95 | 112 | 131 | 149 | 168 | 186 | 208 | |||||||||
100 | Other Electric | 52 | 66 | 76 | 102 | 128 | 154 | 180 | 201 | |||||||||