Guidelines for a very limited number of MHFA programs such as these do not include borrower income limits. This section provides a more detailed explanation of the data and how it is used. Tables 1 and 2 are based on gross annual household incomes, i.e., not adjusted for family size or extraordinary expenses. For project-based rental assistance, activity includes units in developments for which financing reached initial closing during the year and units for which the MHFA disbursed deferred loans. Voucher data includes all households assisted and funds disbursed during the year, i.e., households that received security deposit assistance and up to 12 months of voucher assistance.
HOME funded activity includes units for which rehabilitation work was completed during the year.
Under rental housing programs, the amount of MHFA assistance disbursed is reported by the program from which MHFA disbursed the funds. Units in developments that received funding from more than one MHFA program are identified once, under the program that provided the greatest portion of the total assistance to the development. This method of reporting is intended to minimize double-counting of assisted units and assistance amounts. Affordable rental housing generally requires the use of multiple funding sources, i.e., to provide housing at rents affordable to low and moderate income tenants. Units are reported as funded under the program that provided the greatest amount of funding among multiple funds.