Florida Housing Special Needs
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  •   Income Limits Multifamily Programs, SHIP (all), and CWHIP (all)

    Income Limits

    Quick Links

    Extremely Low Income (ELI) County Chart

    Multifamily Program Income Limits

    Florida Housing Programs Rent Limits

     

    Homeownership and multifamily developments that participate in the funding programs of Florida Housing Finance Corporation must meet a variety of income and rent requirements as determined by the FHFC program used to finance the development. Affordability is defined in terms of the income of the people living in the home. The family must be income eligible in terms of area median income (AMI), adjusted to family size.

     

    Extremely Low Income – AMI Levels

    Rule Chapter 67-48, F.A.C, governing Florida Housing’s Tax Credit program, provides the following definitions:

     

    (38) “ELI Household” or “Extremely Low Income Household” means a household of one or more persons wherein the annual adjusted gross income for the Family is equal to or below the percentage of area median income.

     

    (39) “ELI Persons” or “Extremely Low Income Persons” means extremely low income persons as defined in Section 420.0004(8), F.S., and for the Universal Cycle, will be as outlined in the ELI County Chart included in the Set-Aside Commitments section of the Universal Application instructions.

     

    (40) “ELI Set-Aside” or “Extremely Low Income Set-Aside” means the number of units designated to serve ELI Households.

     

    ELI County Chart – Used for the Universal Cycle Set-Aside Commitments

     

    Multifamily Program Income Limits

    The link below is for the Florida Housing Finance Corporation’s Multifamily Programs, and is also used by the Corporation’s State Housing Initiatives Partnership (SHIP). The area median income for the states’ cities and counties are shown here as well:

     

    Ø  Income limits

     

     

    Florida Housing Program Rent Limits

    The following link lists the Maximum Rents that can be charged by developments participating in the following Florida Housing programs: Housing Credit (HC), State Housing Initiatives Partnership (SHIP), HUD Multifamily Risk Sharing, and Community Workforce Housing Innovation Program (CWHIP). Excluding SHIP, these figures represent MAXIMUM gross rents which must include an allowance for utilities.

     

    Ø  Rent Limits

     

    Go to Florida Housing Finance Corporations Website
    Florida Housing Finance Corporation 227 North Bronough Street, Suite 5000 Tallahassee, FL  32301-1329 850.488.4197 SUNCOM 850.278.4197 Copyright 2007
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