| |
HUD
Income limits for-the Chicago
Area
"Affordable
Costs" for Rent or Mortgage calculated
to be 30% to 33% of gross monthly income
Income
amounts shown here represent the 2003
estimates and revised estimates of incomes
for several household sizes that HUD
is in fact using for its grants. They
are based indirectly on 2000 census
and other data. For purposes of this
forum, both "AMI" and the percentage
names, as well as the derivative "affordable
costs", should be treated as words of
art.
| 50%
of Area Media Income |
|
|
Affordable
Costs |
| |
HH
sz |
50%
Yrly |
50%
Mon. |
30% |
33% |
| |
1 |
$26,400 |
$2,200 |
$660
|
$726 |
| |
2 |
$30,150 |
$2,513 |
$754 |
$829 |
| |
3 |
$33,950 |
$2,829 |
$849
|
$934 |
| |
4 |
$37,700 |
$3,142 |
$943 |
$1,037 |
| |
5 |
$40,700 |
$3,392 |
$1,018 |
$1,119 |
| |
6 |
$43,750 |
$3,646 |
$1,094 |
$1,203 |
| |
7 |
$46,750 |
$3,896 |
$1,169 |
$1,286 |
| |
8 |
$49,750 |
$4,146 |
$1,244 |
$1,368 |
| 60%
of Area Media Income |
|
|
Affordable
Costs |
| |
HH
sz |
60%
Yrly |
60%
Mon. |
30% |
33% |
| |
1 |
$31,680 |
$2,640 |
$792 |
$871 |
| |
2 |
$36,180 |
$3,015 |
$905 |
$995 |
| |
3 |
$40,740 |
$3,395 |
$1,019 |
$1,120 |
| |
4 |
$45,240 |
$3,770 |
$1,131 |
$1,244 |
| |
5 |
$48,840 |
$4,070 |
$1,221 |
$1,343 |
| |
6 |
$52,500 |
$4,375 |
$1,313 |
$1,444 |
| |
7 |
$56,100 |
$4,675 |
$1,403 |
$1,543 |
| |
8 |
$59,700 |
$4,975 |
$1,493 |
$1,642 |
| 80%
of Area Media Income |
|
|
Affordable
Costs |
| |
HH
sz |
80%
Yrly |
80%
Mon. |
30% |
33% |
| |
1 |
$39,550 |
$3,296 |
$989 |
$1,088 |
| |
2 |
$45,200 |
$3,767 |
$1,130 |
$1,243 |
| |
3 |
$50,850 |
$4,238 |
$1,271 |
$1,398 |
| |
4 |
$56,500 |
$4,708 |
$1,413 |
$1,554 |
| |
5 |
$61,000 |
$5,083 |
$1,525 |
$1,678 |
| |
6 |
$65,550 |
$5,463 |
$1,639 |
$1,803 |
| |
7 |
$70,050 |
$5,838 |
$1,751 |
$1,926 |
| |
8 |
$74,600 |
$6,217 |
$1,865 |
$2,052 |
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