FRANKLIN COUNTY Effective: 02/20/2003 to 01/27/2004 (ARCHIVE)

2003 Median Income: $58,800


Maximum HOUSEHOLD INCOME for All Tax Credit and Bond Financed Properties
(Table A, B, & C Properties)
Set-Aside %1 Person2 People3 People4 People5 People6 People7 People8 People
80 %$32,960$37,600$42,320$47,040$50,800$54,560$58,320$62,080
60 %$24,720$28,200$31,740$35,280$38,100$40,920$43,740$46,560
50 %$20,600$23,500$26,450$29,400$31,750$34,100$36,450$38,800
45 %$18,540$21,150$23,805$26,460$28,575$30,690$32,805$34,920
40 %$16,480$18,800$21,160$23,520$25,400$27,280$29,160$31,040
35 %$14,420$16,450$18,515$20,580$22,225$23,870$25,515$27,160
30 %$12,360$14,100$15,870$17,640$19,050$20,460$21,870$23,280


Maximum RENTS for Projects Based on UNIT SIZE
Low-Income Housing Tax Credit Program

(Used for projects that received allocations in 1990 and after or pre-1990 projects
which elected to switch in February 1994.)
Set-Aside %Studio1 Bedroom2 Bedroom3 Bedroom4 Bedroom5 Bedroom
60 %$618$661$793$917$1,023$1,128
50 %$515$551$661$764$852$940
45 %$463$496$595$687$767$846
40 %$412$441$529$611$682$752
35 %$360$385$462$535$596$658
30 %$309$330$396$458$511$564


Maximum RENTS for Projects Based on HOUSEHOLD SIZE
Low-Income Housing Tax Credit Program

(Used for projects that received allocations in 1989 and prior.)
Set-Aside %1 Person2 People3 People4 People5 People6 People7 People8 People
60 %$618$705$793$882$952$1,023$1,093$1,164
50 %$515$587$661$735$793$852$911$970
45 %$463$528$595$661$714$767$820$873
40 %$412$470$529$588$635$682$729$776
35 %$360$411$462$514$555$596$637$679
30 %$309$352$396$441$476$511$546$582