The following table provides the area median income and income target summary for Public Housing, Section 8, and Moderate Rehabilitation programs based on an area median income for Miami-Dade County of $49,200:
Income Limits for Fiscal Year 2008 (effective 2/13/2008)
|
|
Family Size
|
30% of Median
|
50% of Median
|
80% of Median
|
|
1
|
$12,650
|
$21,100
|
$33,800
|
|
2
|
$14,500
|
$24,100
|
$38,600
|
|
3
|
$16,300
|
$27,150
|
$43,450
|
|
4
|
$18,100
|
$30,150
|
$48,250
|
|
5
|
$19,550
|
$32,550
|
$52,100
|
|
6
|
$21,000
|
$34,950
|
$55,950
|
|
7
|
$22,450
|
$37,400
|
$59,850
|
|
8
|
$23,900
|
$39,800
|
$63,700
|
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)
- The remaining 25% of new admissions can be up to the very low-income level (up to 50% of the area median income)
Section 8 Project Base Vouchers
- At least 75% of new admissions must be extremely low-income (equal to or below 30% of the area median income)
- The remaining 25% of new admissions can be up to the very low-income level (up to 50% of the area median income)
Moderate Rehabilitation
- New admissions must be very low-income (equal to or below 50% of the area median income)
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