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APPENDIX
<br />units. The owner reserves some or all of the units in a building in return for a Federal govern-
<br />ment guarantee to make up the difference between the tenant's contribution and the rent. A
<br />tenant who leaves a subsidized project will lose access to the project -based subsidy.
<br />HUD Section 202 Program - Federal program that provides direct capital assistance and operat-
<br />ing or rental assistance to finance housing designed for occupancy by elder household who
<br />have incomes not exceeding 50% of Area Median Income.
<br />HUD Section 811 Program - Federal program that provides direct capital assistance and operat-
<br />ing or rental assistance to finance housing designed for occupancy of persons with disabilities
<br />who have incomes not exceeding 50% Area Median Income.
<br />HUD Section 236 Program - Federal program that provides interest reduction payments for
<br />loans which finance housing targeted to households with income not exceeding 80% Area Me-
<br />dian Income who pay rent equal to the greater or market rate or 30% of their adjusted income.
<br />Income limits - Maximum household's income by a designed geographic area, adjusted for
<br />household size and expressed as a percentage of the Area Median Income, for the purpose of
<br />establishing an upper limit for eligibility for a specific housing program.
<br />Income Limits by Household Size
<br />1 pph
<br />2 pph
<br />3 pph
<br />4 pph
<br />30% of median $21,000 $24,000 $27,000 $30,000
<br />50% of median $35,000 $40,000 $45,000 $50,000
<br />60% of median $42,000 $48,000 $54,000 $60,000
<br />80% of median $56,000 $64,000 $72,000 $80,000
<br />100% of median $70,000 $80,000 $90,000 $100,000
<br />120% of median $84,000 $96,000 $108,000 $120,000
<br />5 pph
<br />$32,400
<br />$54,000
<br />$64,800
<br />$86,400
<br />$108,000
<br />$129,600
<br />6 pph
<br />$34,800
<br />$58,000
<br />$69,600
<br />$92,800
<br />$116,000
<br />$139,200
<br />7 pph
<br />$37, 200
<br />$62,000
<br />$74,400
<br />$99,200
<br />$124,000
<br />$148,800
<br />8 pph
<br />$39,600
<br />$66,000
<br />$79,200
<br />$105,600
<br />$132,000
<br />$158,400
<br />Inflow/Outflow - The Inflow/Outflow Analysis generates results showing the count and charac-
<br />teristics of worker flows in to, out of, and within the defined geographic area.
<br />Low -Income - Person or household with gross household incomes below 80% of Area Median
<br />Income, adjusted for household size.
<br />Low -Income Housing Tax Credit - A program aimed to generate equity for investment in af-
<br />fordable rental housing authorized pursuant to Section 42 of the Internal Revenue Code. The
<br />program requires that a certain percentage of units built be restricted for occupancy to house-
<br />holds earning 60% or less of Area Median Income, and rents on these units be restricted ac-
<br />cordingly.
<br />Market analysis - The study of real estate market conditions for a specific type of property, ge-
<br />ographic area or proposed (re)development.
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