Hawaii Administrative Rules › Title 15 - DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT AND TOURISM › Hawaii Housing Finance and Development Corporation › Chapter 193 - STATE-AIDED FAMILY PUBLIC HOUSING PROJECTS › Subchapter 6 - MISCELLANEOUS PROVISIONS › Exhibit A - METHODOLOGY FOR CALCULATING INCOME LIMITS

Current through June, 2024
Income limits are calculated using a set of formula
					 relationships The US Department of Housing and Urban Development (HUD estimates
					 median family income based on the most recent census data 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.
Very Low-Income Limits
Low-income limits are calculated using a set of formula
					 relationships. The first step is to calculate the very-low income limits based
					 on 50 percent of the estimated area median income for a four-person family as
					 determined by HUD. Adjustments are then made if the 50 percent number is
					 outside of formula constraints.
More specifically, the very low-income limit for a
					 four-person family is calculated as follows:
50 percent of the area median family income is calculated
					 and set as the tentative four-person family income limit;
If it is lower, the four-person income limit is increased
					 to the amount at which 3 5 per cent of it equals 85 per cent of the annualized
					 two-bedroom Section 8 Fair Market Rent or FMR. (this adjusts income limits
					 upward for areas where rental housing costs are unusually high in relation to
					 the median income.
If it is higher, the four-person income limit is reduced to
					 the amount at which 3 0 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);
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 in no instance are
					 income limits less than if based on the State non-metropolitan median family
					 income level.
Low-Income Limits:
The next step is to calculate the low-income limits. Most
					 four-person low-income limits are the higher of 80 percent of the area median
					 family income or 80 percent of the State nonmetropolitan median family income
					 level. Because the very low-income limits are not always based on 50 percent of
					 median, calculating low-income limits as 80 percent of median would produce
					 anomalies inconsistent with statutory intent (e.g., very low-income limits
					 could be higher than low-income limits). The calculation normally used,
					 therefore, is to set the four-person low-income limit at 1.6 (i.e., 80%/50%)
					 times the relevant four-person very low-income limit. The only exception is
					 that the resulting income limit may not exceed the U.S. median family income
					 level except when justified by high housing costs. Use of very low-income
					 limits as a starting point for calculating other income limits has the effect
					 of adjusting low-income limits in areas where the very low-income limits have
					 been adjusted because of unusually high or low housing-cost-to-income
					 relationships.
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%
80%
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 family 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 March 29,
					 2001)
County
1 Person
2
Persons
3 Persons
4 Persons
5 Persons
6 Persons
7
Persons
8 Persons
Honolulu
$22,600
$25,850
$29,050
$32,300
$34,900
$37,450
$40,050
$42,650
Hawaii
18,100
20,700
23,250
25,850
27,800
30,000
32,050
34,100
Kauai
22,600
25,850
29,050
32,300
34,900
37,450
40,050
42,650
Maui
23,750
27,150
30,550
33,950
36,650
39,400
42,100
44,800
Income and Asset Limits for Continued Occupancy (Effective
					 March 29, 2001)
County
1 Person
2
Persons
3 Persons
4 Persons
5 Persons
6 Persons
7 Persons
8 Persons
Honolulu
$36,200
$41,350
$46,500
$51,700
$55,800
$59,950
$64,100
$68,200
Hawaii
28,950
33,100
37,200
41,350
44,650
48,000
51,300
54,600
Kauai
36,200
41,350
46,500
51,700
55,800
59,950
64,100
68,200
Maui
38,000
43,450
48,900
54,300
58,650
63,000
67,350
71,700