HomeMy WebLinkAbout2017 Income Schedule by Family Size (2)
HAWAII COUNTY INCOME SCHEDULE BY FAMILY SIZE2017
THE FOLLOWING TABLE PRESENTS INCOME LIMITS BY FAMILY SIZE AND BY PERCENTAGES OF THE VERY LOW INCOME LEVELS
ESTABLISHED BY HUD. THESE INCOME LIMITS SERVE AS GUIDELINES TO ESTABLISH SALES/RENTAL PREFERENCES.
--------------------------------------------------------------------------------LIMITS BY FAMILY SIZE--------------------------------------------------------------------------------
MEDIAN1 PERSON2 PERSON3 PERSON4 PERSON5 PERSON6 PERSON7 PERSON8 PERSON
$63,300
Adjustments 0.70000.80000.90001.00001.08001.16001.24001.3200
for family size
10%$5,190$5,930$6,670$7,410$8,010$8,600$9,190$9,790
20%$10,380$11,860$13,340$14,820$16,020$17,200$18,380$19,580
30%$15,570$17,790$20,010$22,230$24,030$25,800$27,570$29,370
40%$20,760$23,720$26,680$29,640$32,040$34,400$36,760$39,160
50%$25,950$29,650$33,350$37,050$40,050$43,000$45,950$48,950
60%$31,140$35,580$40,020$44,460$48,060$51,600$55,140$58,740
70%$36,330$41,510$46,690$51,870$56,070$60,200$64,330$68,530
80%$41,520$47,440$53,360$59,280$64,080$68,800$73,520$78,320
90%$46,710$53,370$60,030$66,690$72,090$77,400$82,710$88,110
,,,,,,,,
100%$51,900$59,300$66,700$74,100$80,100$86,000$91,900$97,900
110%$57,090$65,230$73,370$81,510$88,110$94,600$101,090$107,690
120%$62,280$71,160$80,040$88,920$96,120$103,200$110,280$117,480
130%$67,470$77,090$86,710$96,330$104,130$111,800$119,470$127,270
140%$72,660$83,020$93,380$103,740$112,140$120,400$128,660$137,060
The U.S. Department of Housing and Urban Development (HUD) sets income limits that determine the eligibility of applicants for its assisted housing programs. HUD typically uses the
Very Low-Income Limit (VLIL) as the basis for deriving other income limits. The VLIL is calculated by taking the 4-person income limit equal to 50% of the estimated median family
income (based on the U.S. Census Bureau's ACS median family income estimates) and making adjustments if this income is outside formula constraints. For example, the VLIL is
increased for areas where rental housing costs are unusually high in relation to the median income or if it is less that the relevant State non-metropolitan median family income level.
See
"FY 2017 HUD Income Limits Briefing Material" at https://www.huduser.gov/portal/datasets/il//il17/IncomeLimitsBriefingMaterial-FY17.pdf
HHFDC uses the HUD income limits for households at the 50% and 60% income limits as calculated for the Multifamily Tax Subsidy Project (MTSP) charts. For HHFDC programs, the
80% income limit is calculated as the Multifamily Tax Subsidy Project (MTSP) VLIL for FY 2017, multiplied by 1.6 (or 80/50). The limits for households at other income limits are
calculated in the same way. For further information see "Multifamily Tax Subsidy Income Limits" at https://www.huduser.gov/portal/datasets/mtsp.html
NOTE: This chart is provided as a guide only. You are responsible to ensure the accuracy of the numbers.