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<br />FOR -SALE UNITS GUIDELINES (Effective 1010112014)
<br />This information is based on 2014 median income established by the U.S. Department of Housing and Urban Development (HUD) for various family sizes. Adjustments to the very low
<br />(50%) and low-income (80%) limits are made by HUD for areas with unusually high or low family income or housing costs. Most income limits are proportionately based on very low-
<br />income limits. Thus, the four -person (60%) income limit is 120% (60/50ths) of the four -person very low-income limit.
<br />The figures considers (1) a 30 -year conventional fixed mortgage, (2) a fixed interest rate of 4.625%*, (3) housing expenses equal to 28% of gross annual income, (4) property tax rate of
<br />$6.15 per every $1,000 of assessed value at the current "homeowner" tax rate as published by the Real Property Tax Division, (5) property insurance ata rate of $669.5 per every $250,000
<br />of coverage as published by the The Hawaii Insurance Division of the Department of Commerce and Consumer Affairs, (6) a down payment equal to 5% of the sales price, *The interest
<br />rate used is the annual average interest rate for a 30 -year conventional fixed mortgage, for the twelve months ending in the previous year rounded to the nearest half percent, as published
<br />by the Federal Home Loan Mortgage Corp (http://www.freddiemac.com/pmms/docs/30yr_pmmsmnth.xls).
<br />FOR -SALE FINISHED LOTS GUIDELINES (Effective 1010112014)
<br />This information is based on the affordable sales price for a completed unit for a household, earning one hundred percent of the median income in the County of Hawail, less the cost
<br />to build a single-family home of 1,100 square feet. *$150 per square foot cost is based on estimates by The County of Hawaii, Department of Public Works, Building Division.
<br />80% $ 241,080 $ 165,000 = $ 76,080 1
<br />100% $ 301,340 - $ 165,000 = $ 136,340 1/2
<br />FOR -RENT GUIDELINES (Effective 1010112014)
<br />Affordable rents are based on 30% of gross monthly income, including utilities (water, sanitary sewage service, electricity and/or gas). Please refer to form HUD -52667 (Allowances
<br />for Tenant -Furnished Utilities and Other Services) for utilities for either single- and/or multi -family units.
<br />30%
<br />$
<br />348
<br />•
<br />$ 373
<br />$ 448
<br />1.5 CREDITS
<br />$ 577
<br />2
<br />50%
<br />$
<br />581
<br />$ 623
<br />$ 474
<br />$ 863
<br />$ 963
<br />2
<br />60%
<br />$
<br />691
<br />$ 747
<br />$ 897
<br />Sales Price: Studio:
<br />$105,520.00
<br />$126,620.00
<br />$147,720.00
<br />$168,830.00
<br />$189,930.00
<br />$211,030.00
<br />$232,140.00
<br />$253,240.00
<br />$274,340.00
<br />$295,450.00
<br />100%
<br />$
<br />1,162
<br />$ 1,246
<br />$ 1,495
<br />$ 1,727
<br />5
<br />1
<br />120%
<br />Sales Price: 1 Bedroom:
<br />$120,720.00
<br />$144,860.00
<br />$169,010.00
<br />$193,150.00
<br />$217,300.00
<br />$241,440.00
<br />$265,580.00
<br />$289,730.00
<br />$313,870.00
<br />$338,010.00
<br />$ 1,744
<br />$ 2,093
<br />$ 2,418
<br />$ 2,698
<br />1/2
<br />Sales Price: 2 Bedroom:
<br />$123,870.00
<br />$148,640.00
<br />$173,420.00
<br />$198,190.00
<br />$244,250.00
<br />$271,390.00
<br />$298,530.00
<br />$325,670.00
<br />$352,810.00
<br />$379,950.00
<br />Sales Price: 3 Bedroom:
<br />$150,670.00
<br />$180,810.00
<br />$210,940.00
<br />$241,080.00
<br />$271,210.00
<br />$301,340.00
<br />$331,480.00
<br />$361,610.00
<br />$391,750.00
<br />$421,880.00
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<br />Sales Price: 4 Bedroom:
<br />$162,930.00
<br />$195,510.00
<br />$228,100.00
<br />$260,680.00
<br />$293,270.00
<br />$325,850.00
<br />$358,440.00
<br />$391,020.00
<br />$423,610.00
<br />$456,190.00
<br />Sales Price: 5 Bedroom:
<br />$174,950.00
<br />$209,940.00
<br />$244,930.00
<br />$279,920.00
<br />$314,910.00
<br />$349,910.00
<br />$384,900.00
<br />$419,890.00
<br />$454,880.00
<br />$489,870.00
<br />In`r;,(
<br />FOR -SALE FINISHED LOTS GUIDELINES (Effective 1010112014)
<br />This information is based on the affordable sales price for a completed unit for a household, earning one hundred percent of the median income in the County of Hawail, less the cost
<br />to build a single-family home of 1,100 square feet. *$150 per square foot cost is based on estimates by The County of Hawaii, Department of Public Works, Building Division.
<br />80% $ 241,080 $ 165,000 = $ 76,080 1
<br />100% $ 301,340 - $ 165,000 = $ 136,340 1/2
<br />FOR -RENT GUIDELINES (Effective 1010112014)
<br />Affordable rents are based on 30% of gross monthly income, including utilities (water, sanitary sewage service, electricity and/or gas). Please refer to form HUD -52667 (Allowances
<br />for Tenant -Furnished Utilities and Other Services) for utilities for either single- and/or multi -family units.
<br />30%
<br />$
<br />348
<br />•
<br />$ 373
<br />$ 448
<br />$ 517
<br />$ 577
<br />2
<br />50%
<br />$
<br />581
<br />$ 623
<br />$ 474
<br />$ 863
<br />$ 963
<br />2
<br />60%
<br />$
<br />691
<br />$ 747
<br />$ 897
<br />$ 1,036
<br />$ 1,156
<br />1 1/2
<br />°f• ofMedlan'Income80%
<br />$
<br />930
<br />$ 997
<br />$ 1,196
<br />$ 1,382
<br />$ 1,540
<br />11/2
<br />100%
<br />$
<br />1,162
<br />$ 1,246
<br />$ 1,495
<br />$ 1,727
<br />$ 1,927
<br />1
<br />120%
<br />$
<br />1,394
<br />$ 1,495
<br />$ 1,794
<br />$ 2,072
<br />$ 2,312
<br />1/2
<br />140%
<br />$
<br />1,627
<br />$ 1,744
<br />$ 2,093
<br />$ 2,418
<br />$ 2,698
<br />1/2
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