CFR > Title 12 - Banks and Banking > CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY > SUBCHAPTER E—HOUSING GOALS AND MISSION (parts 1281 to 1291) > PART 1282—ENTERPRISE HOUSING GOALS AND MISSION > SUBPART B—Housing Goals (§1282.11 to §1282.21) > 1282.18—Affordability—Income level definitions—family size not known (actual or prospective tenants).

1282.18—Affordability—Income level definitions—family size not known (actual or prospective tenants).

In determining whether a rental unit is affordable where family size is not known to the Enterprise, income will be adjusted using unit size, and affordability determined as follows:
(a) For moderate-income, the income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size:
Unit size Percentage of area median income
Efficiency 70
1 bedroom 75
2 bedrooms 90
3 bedrooms or more *
*104% plus (12% multiplied by the number of bedrooms in excess of 3).
(b) For low-income (80%), income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size:
Unit size Percentage of area median income
Efficiency 56
1 bedroom 60
2 bedrooms 72
3 bedrooms or more *
*83.2% plus (9.6% multiplied by the number of bedrooms in excess of 3).
(c) For low-income (60%), income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size:
Unit size Percentage of area median income
Efficiency 42
1 bedroom 45
2 bedrooms 54
3 bedrooms or more *
*62.4% plus (7.2% multiplied by the number of bedrooms in excess of 3).
(d) For very low-income, income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size:
Unit size Percentage of area median income
Efficiency 35
1 bedroom 37.5
2 bedrooms 45
3 bedrooms or more *
*52% plus (6.0% multiplied by the number of bedrooms in excess of 3).
(e) For extremely low-income, income of prospective tenants shall not exceed the following percentages of area median income with adjustments, depending on unit size:
Unit size Percentage of area median income
Efficiency 21
1 bedroom 22.5
2 bedrooms 27
3 bedrooms or more *
*31.2% plus (3.6% multiplied by the number of bedrooms in excess of 3).