Sec. 05.04.11.05. Income Limits

A. The Secretary shall establish upper income limits for families of limited income taking into consideration factors including:

(1) The amount of the total income of the families available for housing needs;

(2) The size of the family;

(3) The cost and condition of housing facilities available;

(4) The ability of the families to compete successfully in the normal private housing market; and

(5) Standards and definitions established for pertinent federal and State housing programs.

B. The Secretary may establish income limits for individuals and households by size on a regional basis, and may establish income eligibility criteria, within limits lower than the regional limits, for particular projects.

C. For projects occupied by two or more unrelated individuals, each individual shall be considered a family of limited income for the purpose of determining compliance with the income limits established in this regulation.

D. The Secretary may determine, from time to time, the percentage of occupants in a public purpose project which shall be families of limited income in order to qualify as an eligible project. The Secretary shall take into consideration such factors as the Secretary may consider appropriate.