| |
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 2005 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 |
$40,600 |
$3,383 |
$1015 |
$1,117 |
| |
2 |
$46,400 |
$3,867 |
$1,160 |
$1,276 |
| |
3 |
$52,200 |
$4,350 |
$1,305 |
$1,436 |
| |
4 |
$58,000 |
$4,833 |
$1,450 |
$1,595 |
| |
5 |
$62,650 |
$5,221 |
$1,566 |
$1,723 |
| |
6 |
$67,300 |
$5,608 |
$1,683 |
$1,851 |
| |
7 |
$71,900 |
$5,992 |
$1,798 |
$1,977 |
| |
8 |
$76,550 |
$6,379 |
$1,914 |
$2,105 |
[You can still see HUD's
numbers for 2003, as we originally published them.]
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