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picture1_Spreadsheet Calculator 43265 | Mhp Income And Rent Limit Calculator


 166x       Filetype XLSX       File size 0.14 MB       Source: www.hcd.ca.gov


File: Spreadsheet Calculator 43265 | Mhp Income And Rent Limit Calculator
department of housing and community development state of california division of financial assistance 2022 mhp income and rent limit calculator for calculating multifamily tax subsidy projects mtsp ami income and ...

icon picture XLSX Filetype Excel XLSX | Posted on 16 Aug 2022 | 3 years ago
Partial file snippet.
                                                                                                                                                          DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
       STATE OF CALIFORNIA                                                                                                                                                        DIVISION OF FINANCIAL ASSISTANCE
                              2022 MHP Income and Rent Limit Calculator (for calculating Multifamily Tax Subsidy Projects (MTSP) AMI Income and Rent Limits)1
           Used for Affordable Housing Sustainable Communities (AHSC), Families Moving to Work (FMTW), Governor's Homeless Initiative (GHI), Housing for a Healthy California (HHC), HOME 
         Investment Partnership Program (HOME - CHDO), Homeless Youth (HYMHP), Loan Portfolio Restructuring (LPR), Multifamily Housing Program (MHP), National Housing Trust Fund (NHTF), 
           Neighborhood Stabilization Program (NSP), No Place Like Home (NPLH), Portfolio Reinvestment Program (PRP), Supportive Housing MHP (SHMHP), TOD Housing (TOD), and Veterans 
                                                                          Housing and Homelessness Prevention Program (VHHP).                                                                               5/5/22
          *Projects may rely on the prior year income limits when its placed in service (PIS) or gross rent floor date is within the first 45 days of the HUD Fiscal Year Income Limits effective date. 
                            Selecting the prior year may increase or decrease project limits - if (4) or (6) is shaded in red, date is within 45 day grace period; see cell comments.
       (1)  Project Name:                                                                                                                   (2)  What county is the Project located:
       (3) Tax Credit Project?                                                                    (4)* Enter date the first building in project was placed in service:
       (5) Documentation supporting PIS date - see below; must answer (3):                                                                                                                                             Butte
       Tax Credit Projects - PIS Documentation                                                         Non-Tax Credit Projects - PIS Documentation
       All projects- IRS Form 8609 line 5 (if unavailable, use other documentation below)              New Construction - first building Temporary Certificate of Occupancy (TCO); if none, Permanent Certificate of 
       New Construction- first building Temporary Certificate of Occupancy (TCO); if none,             Occupancy (CO).
       Permanent Certificate of Occupancy (CO).  If unavailable, Sponsor to obtain letter from tax     Acq/Rehab - if building was occupied or ready for occupancy on date of transfer to current owner - title policy, 
       professional stating the PIS date and how it was determined.                                    title report or other official record, such as grant deed showing property transfer date (use transfer date). If 
       Acq/Rehab or Rehab - Sponsor to obtain letter from tax professional stating the PIS date and  building was unoccupied at transfer, TCO; if none, Permanent CO.
       how it was determined.                                                                          Rehab - if building was occupied during rehab - HCD Award Letter date. If building was unoccupied, TCO; if 
                                                                                                       none, Permanent CO.
       If HERA Special Eligilbe is Yes, project is subject to the current HERA Special income and rent limits:                               No                                                                        Colusa
       (6)* Gross Rent Floor date:                                                                                                                                                                                     Contra Costa
       (7) Documentation supporting the Gross Rent Floor date-see below; must answer (3):                                                                                                                              Del Norte
       TAX CREDIT PROJECTS                                                                             Non-Tax Credit Projects - Gross Rent Floor date documentation                   No_1
       IRS Form 8609 line 1a (if not available, obtain other documentation below)                      HCD Award Letter - letter date.
       9% tax credit projects - TCAC Carryover Allocation Agreement - execution date.
       4% tax credit projects - TCAC preliminary reservation (Staff Report) - report date.
                                                                                                                                                                                                                       El Dorado
                                                                            INCOME LIMITS              based on                                                                                                        INCOME LIMITS USED FOR RENTS
                                                                                                                                      Number of Household Members
                                                                             AMI %           1                2               3               4               5               6               7               8
                                                                               15 
                                                                               20 
                                                                               25 
                                                                               30 
                                                                               35 
                                                                               40 
                                                                               45 
                                                                               50 
                                                                               55 
                                                                               60 
                                                                               65 
                                                                               70 
                                                                               75 
                                                                               80 
                                                                            RENT LIMITS                based on                                                                                                        Monterey
                                                                                                                                           Number of Bedrooms
                                                                             AMI %           0                1               2               3               4               5                                        Nevada
                                                                               15                                                                                                                                      Orange
                                                                               20                                                                                                                                      Placer
                                                                               25                                                                                                                                      Plumas
                                                                               30                                                                                                                                      Riverside
                                                                               35                                                                                                                                      Sacramento
                                                                               40                                                                                                                                      San Benito
                                                                               45                                                                                                                                      San Bernardino
                                                                               50                                                                                                                                      San Diego
                                                                               55                                                                                                                                      San Francisco
                                                                               60                                                                                                                                      San Joaquin
                                                                               65                                                                                                                                      San Luis Obispo
                                                                               70                                                                                                                                      San Mateo
                                                                               75                                                                                                                                      Santa Barbara
                                                                               80                                                                                                                                      Santa Clara
       1
        The calculator is provided to assist the determination of income and rent limits applicable to specific MTSPs given a set of project related information such as PIS and rent floor dates. IRS 
       Guidelines and actual HUD published data should be used for final decisions. Independent verification by accounting and tax professionals is encouraged. Please contact George Rodine 
       at (916) 820-1245 or George.Rodine@hcd.ca.gov if you have questions regarding these income and rent limits.
The words contained in this file might help you see if this file matches what you are looking for:

...Department of housing and community development state california division financial assistance mhp income rent limit calculator for calculating multifamily tax subsidy projects mtsp ami limits used affordable sustainable communities ahsc families moving to work fmtw governor s homeless initiative ghi a healthy hhc home investment partnership program chdo youth hymhp loan portfolio restructuring lpr national trust fund nhtf neighborhood stabilization nsp no place like nplh reinvestment prp supportive shmhp tod veterans homelessness prevention vhhp may rely on the prior year when its placed in service pis or gross floor date is within first days hud fiscal effective selecting increase decrease project if shaded red day grace period see cell comments name what county located credit enter building was documentation supporting below must answer butte nontax all irs form line unavailable use other new construction temporary certificate occupancy tco none permanent co sponsor obtain letter fr...

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