12 CFR 1282.18: Affordability—Income level definitions—family size not known (actual or prospective tenants).

In determining whether a rental unit is affordable where family size is not known to the Enterprise, income will be adjusted using unit size, and affordability determined as follows:

(a) For moderate-income, the income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size:

Unit size Percentage of area median income

Efficiency 70

1 bedroom 75

2 bedrooms 90

3 bedrooms or more *

*104% plus (12% multiplied by the number of bedrooms in excess of 3).

(b) For low-income (80%), income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size:

Unit size Percentage of area median income

Efficiency 56

1 bedroom 60

2 bedrooms 72

3 bedrooms or more *

*83.2% plus (9.6% multiplied by the number of bedrooms in excess of 3).

(c) For low-income (60%), income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size:

Unit size Percentage of area median income

Efficiency 42

1 bedroom 45

2 bedrooms 54

3 bedrooms or more *

*62.4% plus (7.2% multiplied by the number of bedrooms in excess of 3).

(d) For very low-income, income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size:

Unit size Percentage of area median income

Efficiency 35

1 bedroom 37.5

2 bedrooms 45

3 bedrooms or more *

*52% plus (6.0% multiplied by the number of bedrooms in excess of 3).

(e) For extremely low-income, income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size:

Unit size Percentage of area median income

Efficiency 21

1 bedroom 22.5

2 bedrooms 27

3 bedrooms or more *

*31.2% plus (3.6% multiplied by the number of bedrooms in excess of 3).