Sec. 05.05.01.11. Income Limits  


Latest version.
  • A. The Secretary shall establish income limits for households of limited income and may revise the limits from time to time. The Secretary may establish different limits for different areas of the State and may establish lower limits within any area or for a particular project.

    B. In establishing or revising income limits under this regulation, the Secretary shall consider:

    (1) The median income for the area;

    (2) The minimum income needed to afford available standard rental units in the area;

    (3) Federal income guidelines, including the requirements of the federal low-income housing tax credit program; and

    (4) Any other relevant factor.

    C. Limits for Shared Housing. For the purpose of determining compliance with the income limits, the Department may not aggregate the income of two or more individuals or households living together in one unit if the unit is to provide a shared living unit facility, group housing, congregate housing, or temporary shelters.