HUD posted to the HUD Exchange national Housing Trust Fund (HTF) webpage the maximum rents that can be charged to eligible extremely low income (ELI) households occupying HTF-assisted units. HUD also posted ELI income limits.
The interim HTF rule limits the maximum amount in rent and utilities that an ELI household can be charged to be the greater of 30% of the federal poverty line or 30% of the income of a household at 30% of the area median income (AMI), with adjustments for the number of bedrooms. An ELI household is one whose annual income does not exceed 30% of AMI. The interim rule also provides that when there is less than $1 billion in the HTF, 100% of all assisted households must be ELI households or households with income at or below the poverty line (whichever is greater).
The rent limits are at: http://bit.ly/2a6GH4K
The income limits are at: http://bit.ly/29Zn3WO
NLIHC’s HTF webpages are at: http://nlihc.org/issues/nhtf
NLIHC will provide further analysis of the HTF Maximum Rents and Eligible Income Limits in the coming weeks.