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MP Income Limits
MANAGED PROPERTIES
INCOME LIMITS |
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| Effective 03-20-2007 |
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Percent of
Median Income |
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Low Income 80% |
Tax Credit 60% |
Very Low Income 50% |
Extremely Low Income 30% |
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| 1 person |
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$39,550 |
$29,640 |
$24,700 |
$14,850 |
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| 2 person |
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$45,200 |
$33,900 |
$28,250 |
$16,550 |
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| 3 person |
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$50,850 |
$38,100 |
$31,750 |
$19,100 |
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| 4 person |
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$56,500 |
$42,360 |
$35,300 |
$21,200 |
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| 5 person |
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$61,000 |
$45,720 |
$38,100 |
$22,900 |
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| 6 person |
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$65,550 |
$49,140 |
$40,950 |
$24,600 |
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| 7 person |
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$70,050 |
$52,500 |
$43,750 |
$26,300 |
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| 8 person |
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$74,600 |
$55,920 |
$46,600 |
$28,000 |
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The income limit for the following properties is the Low Income (80%) Limit: Duggan's Row Apartments, King Street Apartments, Maple Street Apartments, Harrington Apartments, Wharf Lane Apartments and Public Housing.
The income limit for South Square and Victoria Place Apartments is the Tax Credit (60%) Limit.
The income limit for the following properties is the Very Low Income (50%) Limit: Bobbin Mill Apartments, Gable Apartments, Lake Champlain Apartments and South St. Paul Street Apartments.
Forty percent of the families we serve must be below 30% of
median. Therefore, we sometimes give preferences to families below 30%
of median.
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| Section 508 Validator