Rent Limits 2013

HOME Program rent limits updated annually

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CDBG Program

Number of Bedrooms
Eff. 1 2 3 4 5
80% Rent Limit
$949 $1,018 $1,221 $1,411 $1,576 $1,738

 

For rental rehabilitation projects, at least 51% of the units rehabbed with CDBG assistance must have rents that do not exceed the limits published in the table above. For new construction rental housing, no less than 20% of CDBG-assisted units must have rents that do not exceed the rents published in the table above. If any utilities are paid directly by the tenant, the maximum rent must be reduced by a utility allowance similar to the procedures for making such adjustments under Section 8 of the United States Housing Act of 1937. In other words, the tenant-paid rent PLUS the tenant-paid utilities cannot exceed the above limits. However, if the project receives additional subsidy under another program with stricter restriction guidelines (i.e., federal or state project-based rental assistance or Low Income Housing Tax Credits), the maximum rent is the rent allowed under the stricter program.

The rent restrictions are only enforced for the initial occupant of the unit following project completion.

HOME Program

Number of Bedrooms
0 1 2 3 4 5 6
"Low" HOME Rents
$574 $643 $792 $915 $1,021 $1,126 $1,232
"High" HOME Rents
$574 $643 $830 $1,081 $1,227 $1,382 $1,495

 

All HOME-assisted rental units must have rents that do not exceed the High HOME Rent Limit. In addition, for developments of five units or more, not less than 20% of HOME-assisted units must be occupied by very low income families and be charged rents that do not exceed the Low HOME Rent Limit found in the above table. However, if the project receives additional subsidy under another program with stricter restriction guidelines (i.e., federal or state project-based rental assistance or Low Income Housing Tax Credits), the maximum rent is the rent allowed under the stricter program.If any utilities are paid directly by the tenant, the maximum rent must be reduced by a utility allowance similar to the procedures for making such adjustments under Section 8 of the United States Housing Act of 1937. In other words, the total rent charged to the tenant PLUS the estimated utilities paid by the tenant cannot exceed the above rent limits.

In addition, the HOME Program also requires the unit to remain affordable for a specific period of time, depending on the amount of HOME dollars invested per unit. The table below details these requirements. Tenant rent and income information will need to be verified and submitted to CDA annually to remain in compliance.

 

Rehabilitation or Acquisition of Existing Housing
(in $ amount of HOME funds invested per unit)

Minimum Affordability Period
(in years)

Under $15,000

5

$15,000 to $40,000

10

Over $40,000 or rehabilitation involving refinancing

15

New Construction of Rental Housing

Any amount

 20

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