Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 12 - Banks and Banking |
Chapter XII - Federal Housing Finance Agency |
SubChapter E - Housing Goals and Mission |
Part 1282 - Enterprise Housing Goals and Mission |
Subpart B - Housing Goals |
§ 1282.19 - Affordability - Rent level definitions - tenant income is not known.
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§ 1282.19 Affordability - Rent level definitions - tenant income is not known.
For purposes of determining whether a rental unit is affordable where the income of the family in the dwelling unit is not known to the Enterprise, 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:
Unit size Percentage of area median income Efficiency 21 1 bedroom 22.5 2 bedrooms 27 3 bedrooms or more * (b) For low-income (80%), maximum affordable rents to count as housing for low-income (80%) families shall not exceed the following percentages of area median income with adjustments, depending on unit size:
Unit size Percentage of area median income Efficiency 16.8 1 bedroom 18 2 bedrooms 21.6 3 bedrooms or more * (c) For low-income (60%), maximum affordable rents to count as housing for low-income (60%) families shall not exceed the following percentages of area median income with adjustments, depending on unit size:
Unit size Percentage of area median income Efficiency 12.6 1 bedroom 13.5 2 bedrooms 16.2 3 bedrooms or more * (d) 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:
Unit size Percentage of area median income Efficiency 10.5 1 bedroom 11.25 2 bedrooms 13.5 3 bedrooms or more * (e) For extremely low-income, maximum affordable rents to count as housing for extremely low-income families shall not exceed the following percentages of area median income with adjustments, depending on unit size:
Unit size Percentage of area
median incomeEfficiency 6.3 1 bedroom 6.75 2 bedrooms 8.1 3 bedrooms or more * [75 FR 55930, Sept. 14, 2010, as amended at 80 FR 53432, Sept. 3, 2015]