How do I calculate the rent amounts and income limits for Residents?
The calculations for Income and rent are determined differently. Income is based on the total number of persons residing in a Housing Unit and rent is calculated based on the number of bedrooms in a Housing Unit regardless of the number of people living in the Housing Unit. In determining the maximum Income for a household, you identify the maximum Income related to the actual number of persons in the household for the applicable Area Median Gross Income (60%, 50%, 45%, etc.) which you selected. In determining the maximum rent, you identify the maximum Gross Rent related to the number of bedrooms in a unit for the applicable Area Median Gross Income (60%, 50%, 45%, etc.) which you selected, rather than the actual number of people residing in the unit. The maximum Gross Rent cannot exceed 30% of the applicable Area Median Gross Income. Specific rent and Income limits applicable to your county are listed in the current years Application Package. The maximum Gross Rent means the rent for
