Eligibility for HDC-financed developments is based on household annual income, before taxes, and other criteria. Depending on your income and family size, you may qualify for one or more programs.
The Program Finder is to provide general assistance
and guidelines for determining program eligibility; however each development has specific income
requirements. At the time applications become available for a development, specific income guidelines will be provided in the listing for each project at the Now Renting area of the web site.
Please note that HDC program guidelines
provide the maximum allowable
income for each program, it is the developer
of the building that sets the minimum.
Income is adjusted for family size.
Income guidelines are based on how the
Federal Department of Housing and Urban
Development (HUD) calculates the City's Area
Median Income, which is currently $76,800 for a family of four.
Low-income Programs:
Low-income Affordable Marketplace Program
(LAMP)
This program is for individuals or households with a combined annual income of up to 60% of AMI. The maximum incomes (adjusted for family size)
are as follows:
60% of AMI
$46,080 for a family of four
$41,460 for a family of three
$36,840 for a family of two
$32,280 for an individual
80/20 Program, and
Mixed-Income Program
These programs are for individuals or
households with a combined annual income of
up to 40% or 50% of AMI. The maximum incomes (adjusted for family size)
are as follows:
40% of AMI
$30,720 for a family of four
$27,640 for a family of three
$24,560 for a family of two
$21,520 for an individual
50% of AMI
$38,400 for a family of four
$34,550 for a family of three
$30,700 for a family of two
$26,900 for an individual
Moderate to Middle-Income Programs:
New Housing
Opportunities Program (New HOP),
and
Mixed-income Program,
and
Taxable 80/20, and
Coop Housing Program
These programs are for individuals or
households with a combined annual income of
up to 100%, or 130%, or 175% of AMI. The maximum incomes (adjusted for family size)
are as follows:
100% of AMI
$76,800 for a family of four
$69,100 for a family of three
$61,400 for a family of two
$53,800 for an individual
130% of AMI
$99,840 for a family of four
$89,830 for a family of three
$79,820 for a family of two
$69,940 for an individual
175% of AMI
$134,000 for a family of four
$120,925 for a family of three
$107,450 for a family of two
$94,150 for an individual
