Laserfiche WebLink
2015 State Income Limits Briefing Materials <br />California Code of Regulations, Title 25, § 6932 <br />Area Median Income and Income Category Levels <br />HOD, pursuant to federal and state law and its Hold Harmless (HI-I) Policy, adjusts median <br />income levels determined by HUD for a metropolitan county (county included in a <br />metropolitan statistical area) and for a non - metropolitan county (county not included in a <br />metropolitan statistical area). For non - metropolitan counties, federal law (Section 567 of <br />the 1987 Housing and Community Development Act) requires adjusting median income to <br />the higher of the (1) median income for the county or (2) the current statewide non - <br />metropolitan median income ($56,900 for 2015) determined by HUD. Next, HCD, for both <br />metropolitan and non - metropolitan counties, applies its HH policy to ensure area median <br />income for all counties and income limits for all income categories do not fall below any <br />level achieved in the prior year. <br />4- person Median Income Calculation <br />(-IUD's 4- person median income figure usually reflects the county's AMI figure. HUD <br />sometimes makes adjustments to decrease the 4- person very -low income limit when <br />median family income is unusually high. The Department makes adjustments so its <br />calculation of the 4-person very -low income limit for each county is not less than HUD's <br />median family income figure and, pursuant to HUD's HH Policy, not less than the prior <br />year's higher level. <br />Moderate - Income Levels <br />The Department is responsible for establishing California moderate - income limit levels. <br />After calculating the 4- person area median income (AMI) level as previously described, the <br />Department sets the maximurn moderate income limit to equal 120 percent of the <br />county's AMI. <br />Applicability of California's Official State Income Limits <br />Applicability of these State Income Limits is subject to particular programs as program <br />definitions of such factors as income, family, and household size, etc., vary. Some <br />programs, such as Multifamily Tax Subsidy Projects (MTSPs), use different income limits. <br />For MTSPs, separate income limits apply per provisions of the Housing and Economic <br />Recovery Act (HERA) of 2008 (Public Law 110 -289). Income limits for MTSPs are used <br />to determine qualification levels as well as set maximum rental rates for projects funded <br />with tax credits authorized under Section 42 of the Internal Revenue Code (Code). Also, <br />MTSP income limits apply to projects financed with tax exempt housing bonds issued to <br />provide qualified residential rental development under Section 142 of the Code. These <br />income limits are available at this web link http:// www. huduser.org/datasets /mtsp.html. <br />Page 5 of 5 <br />55A -55 <br />