Low and Moderate Income Tenant-Occupied Housing

This refund is limited to Low-to-Moderate Income Rental Housing located outside of a low to moderate income area PDF.

Low Income

The impact fee ordinance provides a 100% exemption from impact fees for a tenant-occupied unit which is restricted to rental to a low income household.

Low income is defined as having a household income that is 60% or less of the area median gross income, adjusted for household size.

Moderate Income

The impact fee ordinance provides a 50% exemption from impact fees for a tenant-occupied unit which is restricted to rental to a moderate income household.

Moderate income is defined as having a household income of more than 60% but less than 80% of the area median gross income, adjusted for household size.

2013 HUD Income Limits

Size of Household Low Income Limit (60% median income) Mod. Income Limit (80% median income)

Source: U.S. Department of Urban Development

Note: for each person in excess of 8, 8% of the four-person base should be added to the eight-person income limit. (For example, the 9-person limit equals 140% [132 + 8] of the relevant 4-person income limit. All incomes are rounded to the nearest $50 to reduce administrative burden.

1 $28,560 $38,050
2 $32,640 $43,450
3 $36,720 $48,900
4 $40,740 $54,300
5 $44,040 $58,650
6 $47,280 $63,000
7 $50,520 $67,350
8 $53,820 $71,700

Requirements

This incentive is available only to units for which rent is restricted under local, state or federal regulations, or has a land use restriction agreement (or similar legal document) running with the property for an initial period of at least fifteen years.

Application Process

To apply, or if you have questions, please call the Impact Fees Administrator at 402-441-7559.