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D.C. Municipal Regulations (Last Updated: September 13, 2017) |
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Title 14. HOUSING |
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Chapter 14-25. HOME PURCHASE ASSISTANCE PROGRAM |
Section 14-2510. DETERMINATION OF INCOME LIMITS
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2510.1The Department shall establish income limits for very low income, lower income and moderate income households in accordance with the requirements of this section, and consistent with the definitions of these households in § 2599 of this chapter.
2510.2The Department shall use the methods described under § 2510.3 and § 2510.5 to determine income limits.
2510.3The Department shall take the median income for the Washington, D.C. Metropolitan Statistical Area established periodically by the Secretary of the U.S. Department of Housing and Urban Development (HUD) and calculate the income limits as follows:
(a)Fifty percent (50%) of the median income for very low income households;
(b)Eighty percent (80%) of the median income for lower income households; and
(c)One hundred ten percent (110%) of the median income for moderate income households.
2510.4The amounts calculated shall be applied to a four (4) person household size in each income category, and using these amounts as a base number, the following percentage adjustments shall be calculated to adjust the income limits by family size:
PERCENTAGE ADJUSTMENTS
Person in
Household12345678
Very Low
Income70 80 90 Base 108 116 124 132
Lower
Income70 80 90 Base 106.25 112.5 118.75 125
Moderate
Income70 80 90 Base 106.25 106.25 106.25 106.25
2510.5The base amounts and the amounts determined by the percentage adjustments shall be rounded to the nearest fifty dollars ($50).
2510.6The amounts calculated by the Department in accordance with § 2510.2 through § 2510.5 shall be published as a notice.
2510.7The income limits established shall be periodically reviewed and revised as needed by the Department to stay current with the incomes of households in the Washington area. This review and revision shall be generally done on an annual basis; provided, that the current median income established by the Secretary of the U.S. Department of Housing and Urban Development for the Washington, D.C. Metropolitan Statistical Area is available.