[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR81.19]



[Page 451-452]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 81_THE SECRETARY OF HUD'S REGULATION OF THE FEDERAL NATIONAL 

MORTGAGE ASSOCIATION (FANNIE MAE) AND THE FEDERAL HOME LOAN MORTGAGE 

CORPORATION (FREDDIE MAC)--Table of Contents

 

                         Subpart B_Housing Goals

 

Sec.  81.19  Affordability--Rent level definitions--tenant income is not 

known.



    For purposes of determining whether a rental unit is affordable to 

very-low-, low-, or moderate-income families where the income of the 

family in the dwelling unit is not known to the GSE, the affordability 

of the unit is determined based on unit size as follows:

    (a) For moderate-income, maximum affordable rents to count as 

housing for moderate-income families shall not exceed the following 

percentages of area median income with adjustments, depending on unit 

size:



------------------------------------------------------------------------

                                                             Percentage

                                                               of area

                         Unit size                             median

                                                               income

------------------------------------------------------------------------

Efficiency................................................           21

1 bedroom.................................................         22.5

2 bedrooms................................................           27

3 bedrooms or more........................................          (*)

------------------------------------------------------------------------

*31.2% plus (3.6% multiplied by the number of bedrooms in excess of 3);



    (b) For low-income, maximum affordable rents to count as housing for 

low-income families shall not exceed the following percentages of area 

median income with adjustments, depending on unit size:



------------------------------------------------------------------------

                                                             Percentage

                                                               of area

                         Unit size                             median

                                                               income

------------------------------------------------------------------------

Efficiency................................................         16.8

1 bedroom.................................................           18

2 bedrooms................................................         21.6



[[Page 452]]





3 bedrooms or more........................................          (*)

------------------------------------------------------------------------

*24.96% plus (2.88% multiplied by the number of bedrooms in excess of

  3); and



    (c) For very-low-income, maximum affordable rents to count as 

housing for very-low-income families shall not exceed the following 

percentages of area median income with adjustments, depending on unit 

size:



------------------------------------------------------------------------

                                                             Percentage

                                                               of area

                         Unit size                             median

                                                               income

------------------------------------------------------------------------

Efficiency................................................         12.6

1 bedroom.................................................         13.5

2 bedrooms................................................         16.2

3 bedrooms or more........................................         (*)

------------------------------------------------------------------------

*18.72% plus (2.16% multiplied by the number of bedrooms in excess of

  3).



    (d) For especially-low-income, maximum affordable rents to count as 

housing for especially-low-income families shall not exceed the 

following percentages of area median income with adjustments, depending 

on unit size:



------------------------------------------------------------------------

                                                             Percentage

                                                               of area

                         Unit size                             median

                                                               income

------------------------------------------------------------------------

Efficiency................................................         10.5

1 bedroom.................................................        11.25

2 bedrooms................................................         13.5

3 bedrooms or more........................................         (*)

------------------------------------------------------------------------

* 15.6% plus (1.8% multiplied by the number of bedrooms in excess of 3).



    (e) Missing Information. Each GSE shall make every effort to obtain 

the information necessary to make the calculations in this section. If a 

GSE makes such efforts but cannot obtain data on the number of bedrooms 

in particular units, in making the calculations on such units, the units 

shall be assumed to be efficiencies except as provided in Sec.  

81.15(e)(6)(i).



[60 FR 61888, Dec. 1, 1995, as amended at 65 FR 65089, Oct. 31, 2000]