Regulations last checked for updates: Oct 17, 2024

Title 12 - Banks and Banking last revised: Oct 15, 2024
§ 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
Efficiency70
1 bedroom75
2 bedrooms90
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
Efficiency56
1 bedroom60
2 bedrooms72
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
Efficiency42
1 bedroom45
2 bedrooms54
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
Efficiency35
1 bedroom37.5
2 bedrooms45
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
Efficiency21
1 bedroom22.5
2 bedrooms27
3 bedrooms or more*

*31.2% plus (3.6% multiplied by the number of bedrooms in excess of 3).

source: 75 FR 55930, Sept. 14, 2010, unless otherwise noted.
cite as: 12 CFR 1282.18