The
HOME income limits are calculated using the same methodology that
HUD uses for calculating the income limits for the Section 8 program,
in accordance with Section 3(b)(2) of the U.S. Housing Act of 1937,
as amended. These limits are based on HUD estimates of median family
income, with adjustments based on family size. The Department's
methodology for calculating nationwide median family income figures
is described in Notice
PDR-2001-01. For more information about how HUD calculates the
HOME Program income limits, read HOMEfires
Volume 3, Number 8, or visit HUDUSER.ORG,
the Web site for HUD's Office of Policy Development and Research,
for more general information.
Family
sizes in excess of 8 persons are calculated by adding 8% of the
four-person income limit for each additional family member. That
is, a 9-person limit should be 140% of the 4-person limit, the 10-person
limit should be 148%.
HOME
Income Limit data are available from FY 1998 to the present. Select
one of the links below to view data from the corresponding fiscal
year:
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