Hawaii Administrative Rules › Title 15 - DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT AND TOURISM › Hawaii Housing Finance and Development Corporation › Chapter 186 - STATE-AIDED ELDERLY PUBLIC HOUSING PROJECTS › Exhibit 1 - Income Limits

Current through June, 2024
Income limits are calculated using a set of formula
				  relationships. The first step in calculating he income limits is to calculate a
				  four-person income limit equal to 50 per cent of the estimated area median
				  income (or very low-income limit) which is determined . by the U.S. Department
				  of Housing and Urban Development. The HUD estimates of median family income are
				  based on the most recent census date estimates updated with a combination of
				  local Bureau of Labor statistics data and census divisional data. Separate
				  median family income estimates are calculated for all Metropolitan Statistical
				  Areas, Primary Metropolitan Statistical Areas and Metropolitan Counties.
1. 50 per cent of the area median family income is calculated
				  and set as the preliminary four-person family income limit;
2. If it is lower, the four-person income limit is increased
				  to the amount at which 35 per cent of it equals 85 per cent of the annualized
				  two-bedroom Section 8 FMR (this adjusts income limits upward for areas where
				  rental housing costs are unusually high in relation to the median
				  income.
3. If it is higher, the four-person income limit is reduced
				  to the amount at which 30 per cent of it equals 120 per cent of the two-bedroom
				  FMR (this adjusts income limits downward for areas where rental housing costs
				  are unusually low in relation to the median income) ;
4. To minimize program management problems, income limits are
				  being held at the most recent fiscal year levels in areas where the FMR
				  reductions would have resulted in lower income limits; and
5. In no instance are income limits less than if based on the
				  State non-metropolitan median family income level.
60 Percent of Median Income Limits
The 60 percent income limits are calculated as 120 percent
				  of the very low-income limits.
Family Size Adjustments:
Family size adjustments are made to provide higher income
				  limits for larger families and lower income limits for smaller families. The
				  factors used are as follows:
Number of Persons in Family and Percentage Adjustments
1
2
3
4
5
6
7
8
70%
180%
90%
Base
108%
116%
124%
132%
Income limits for families with more than eight persons are
				  not included in the printed lists because of space limitations. For each person
				  in excess of eight, 8 percent of the four-person base should be added to the
				  eight-person income limit. (For example, the nine-person limit equals 140
				  percent [132 + 8] of the relevant four-person income limit.) All income limits
				  are rounded to the nearest $50 to reduce administrative burden.
Income Limits for Admissions and Continued
				  Occupancy
Based upon the foregoing methodology, the following table
				  sets forth the calculated income limits for admissions and continued occupancy
				  in State-aided elderly public housing. These income limits are adjusted
				  periodically whenever the HUD estimates of area median income are revised and
				  are, therefore, subject to change.
Income and Asset Limits for Admission
(Effective DEC 01 2003)
1 Person
2 Persons
3
						  Persons
4 Persons
5 Persons
6 Persons
7
						  Persons
8 Persons
City & County of Honululu
$27,360
$31,320
$35,220
$39,120
$42,240
$45,360
$48,480
$51,66
Country of Hawaii
23,160
26,460
29,760
33,060
35,700
38,340
40,980
43,620
Country of Kauai
27,120
31,020
34,860
38,760
41,880
44,940
48,060
51,180
Country of Maui
28,500
32,580
36,660
40,740
43,980
47,280
50,520
53,760