Unit Creation and Conversion

CRA partnership in new construction projects to create units or opportunities within existing developments to establish affordable units.

Area Median Income Percentage Gross Income Household (4) Max Subsidy 0/1 BR Max Subsidy 2 BR Max Subsidy 3 BR Max Subsidy 4 BR
140% $133,700 $75,000 $75,000 $75,000 $75,000
120% $114,600 $125,000 $125,000 $175,000 $175,000
80% $76,400 $250,000 $250,000 $300,000 $300,000
50% $47,750 $275,000 $275,000 $325,000 $325,000
30% $31,200 $300,000 $300,000 $350,000 $350,000

*Numbers are based on SHIP Maximum Subsidy per unit specified in the Housing & Community Development Departments Local Housing Assistance Plan (LHAP). Maximum award amount $350,000 per affordable unit.

50-year Affordability Period. (i.e. 2075)

Area of greatest need (80% and below)