Ordinance 2016-488 - Laserfiche WebLink

Home Browse Search

Income Limits - Miami-Dade County Page 1 of 2 Miami-Dade County Public Housing and Community Development Income Limits Following are the income limits by family size and admission income targeting requirements for the Public Housing, Section 8, and Moderate Rehabilitation programs: Income Limits effective 03/28/2016 Family Size Extremely Low Very Low .Low (30%of Median) (50%of Median) (80%of Median) 1 $14,950 $24,850 $39,800 2 $17,050 $28,400 $45,450 3 $20,160 $31,950 $51,150 4 $24,300 $35,500 $56,800 5 $28,440 $38,350 $61,350 6 $32,580 $41,200 $65,900 7 $36,730 $44,050 $70,450 8 $40,890 $46,900 $75,000 The area median income for Miami-Dade County is: $48,100. Income target United States Department of Housing and Urban Development(USHUD)federal regulations require a certain percentage of new admissions during a one year period be at the extremely low-income level, very low-income,and low-income levels. These percentages vary by housing program as indicated below. Public housing • At least 40%of new admissions must be extremely low-income(equal to or below 30%of the area median income) • The remaining 60%of new admissions can be up to the low-income level(up to 80%of the area median income) Section 8 new construction • At least 40%of new admissions must be extremely low-income(equal to or below 30%of the area median income) • The remaining 60%of new admissions can be low-income or very low-income level depending on the HAP contract date(up to 80%of the area median income) Section 8 Housing Choice Voucher(HCV) • At least 75%of new admissions must be extremely low-income(equal to or below 30%of the area median income) Ottbk O: C Agenda Item http://www.miamidade.gov/housing/income-limits.asp Date 9 - 1S-