Data Dictionary: | Income Limits and Fair Market Rent 2020 |
Data Source: | Social Explorer; U.S. Department of Housing and Urban Development |
T3. | Low Income Limits (Up to 80% of Local Area Median Income) | |||||
Universe: none | ||||||
T003_007Seven Person Families
Percent base:
None - percentages not computed
Aggregation method:
None -- No totals are displayed for this variable when multiple geographies are selected
Formula used to compute this variable:
#ReturnType oretval = new #ReturnType();
oretval = ORG:INCFMR2020_002_l80_7;
return oretval;
|
Excerpt from: | Methodology for Determining Section 8 Income Limits, Methodology for Calculating FY 2019 Medians, The Department of Housing and Urban Development (HUD) |
Income Limits Technical Documentation -> Methodology for Determining Section 8 Income Limits -> Low-Income Limits |
Type Income Limit Calculation | Non-metro Counties | Metropolitan Areas | |
1 | Limits based proportional increases from very low-income limits (i.e., set at 80/50ths of the very low-income limits) | 588 | 307 |
2 | Limits based on State nonmetropolitan median family income level | 1236 | 112 |
3 | Four-person base low-income limit capped at the U.S. median of $75,500 | 19 | 39 |
4 | Limits increased for high housing costs | 13 | 31 |
5 | Limits floored if they would otherwise be less than 95% of last year's low-income limit | 12 | 15 |
6 | Limits capped if they would otherwise increase by more than twice the increase in the National Median Income (i.e., would be more than 110% of last year's limit) | 105 | 121 |
Totals | 1973 | 625 |