What are the income limits?
Income limits are established annually by HUD annually. Initially, HAMC will accept applications from families with income of up to 80% of the area median income (low), but HUD requires 75% of the families receiving assistance to be below 30% of the area income (very,very low). Income is calculated before taxes, known as “gross income”. It is the total of all income received by all family members over a 12-month period.