2009 MAXIMUM ALLOWABLE LOW INCOME BY HOUSEHOLD SIZE MAXIMUM

							                                                                  2009
                             MAXIMUM ALLOWABLE LOW INCOME BY HOUSEHOLD SIZE & MAXIMUM RENTS BY UNIT SIZE
                                                  RENTAL OF AN INCLUSIONARY UNIT
                                                      Per Resolution No. NS-16,452

                                                                                          EFFECTIVE APRIL 2, 20091

           HOUSEHOLD INCOME                                                                                    HOUSEHOLD SIZE / UNIT SIZE
              ELIGIBILITY
                                                       1 PERSON           2 PERSON             3 PERSON            4 PERSON            5 PERSON            6 PERSON            7 PERSON            8 PERSON
                 STEP 1
                                                        STUDIO           1-BEDROOM            2-BEDROOM           3-BEDROOM           4-BEDROOM           5-BEDROOM           6-BEDROOM           7-BEDROOM
         Determine household size
                STEP 2
         Determine HUD Median                          $    58,650 $             67,050 $            75,400       $       81,800 $            90,500 $            97,200 $          103,900      $     110,600
     Income by household size--Note 1

                STEP 3                                 $    53,864 $             61,579 $            69,247       $       75,125 $            83,115 $            89,268 $           95,422      $     101,575
      Reduce Step 2 by 8.16%--Note 2

                  STEP 4
       Multiply Step 3 by 80%--Note 3                  $    43,091 $             49,263 $            55,398       $       60,100 $            66,492 $            71,415 $           76,337      $       81,260
          Maximum Allowable Household
              Gross Annual Income

                   STEP 5
          Divide Step 4 by 12--Note 4                  $      3,591 $              4,105 $             4,616      $        5,008 $             5,541 $              5,951 $            6,361     $        6,772
       Maximum Allowable Monthly Income
                  STEP 6
       Multiply Step 5 by 25%--Note 5                  $        898 $              1,026 $             1,154      $        1,252 $             1,385 $              1,488 $            1,590     $        1,693
           Maximum Allowable Rent
             Owner Paid Utilities

1   U.S. Dept. of Housing and Urban Development (HUD limits) http://www.hud.gov/offices/cpd/affordablehousing/programs/home/limits/income/2009/ca.pdf effective April 27, 2009 and the State Dept. of Housing
    and Community Development memo (HCD limits) http://www.hcd.ca.gov/hpd/hrc/rep/state/inc2k9.pdf dated April 2 2009. HCD adds extremely low, median and moderate incomes adjusted for household size and
    area housing costs.

2   Percentage difference between the 1980 City and County median family incomes as determined in the 1980 census (8.16%)
                                                                                                         6
3   Maximum allowable annual gross income and assets for below-average/low-income households (80%)
                                                   6
4   Maximum allowable monthly income and assets

5   Maximum allowance for housing cost, including utilities. Utility costs are those established by the Santa Cruz County Housing Authority in conjunction with the Section 8 Rent Subsidy Program.
    Maximum allowable rent, including utilities.

6   The maximum allowable assets for households seeking to rent inclusionary units shall be those limits established periodically by the Santa Cruz Housing Authority for the Section 8 Rental Assistance Program
    or its successor.
P:\PLHR\Incomes\MEASURE O FOR RENT\2009\RENTAL16452.doc