Section 215(b) of NAHA requires that the initial purchase price or after-rehabilitation value of homeownership units assisted with HOME funds not exceed 95 percent of the area median purchase price for single family housing, as determined by HUD. Historically, HUD used the FHA Single Family Mortgage Limit (known as the 203(b) limits) as a surrogate for 95 percent of area median purchase price. However, statutory changes require the 203(b) limits to be set at 125 percent of area median purchase price. Consequently, participating jurisdictions (PJs) can no longer use the 203(b) limits as the HOME Program homeownership value limits (i.e., initial purchase price or after rehabilitation value).In 2024, HUD made a major revision to the homeownership value limit methodology outlined in In Section 92.254(a)(2)(iii) of the Final Rule published on July 24, 2013, For existing housing, HUD will now be using the greater (rather than the lesser) of the state non-metropolitan and US non-metropolitan media sales values as the minimum value in which the limit is calculated. This change will substitute more local, state-level data for national-level data. This new methodology is effective September 1, 2024.Newly Constructed Housing: The HOME homeownership value limits for newly constructed HOME units is 95 percent of the median purchase price for the area based on Federal Housing Administration (FHA) single family mortgage program data for newly constructed housing. Nationwide, HUD established a minimum limit, or floor, based on 95 percent of the U.S. median purchase price for new construction for nonmetropolitan areas. HUD has used the greater of these two figures as their HOME homeownership value limits for newly constructed housing in each area. HUD has also decreased the minimum number of sales transactions from 10 to 5 for the calculation of a state-level non-metro median sales price.Existing Housing: The HOME homeownership value limits for existing HOME units is 95 percent of the median purchase price for the area based on Federal FHA single family mortgage program data for existing housing and other appropriate data (Federal Housing Finance Agency (FHFA) data on purchase mortgages securitized by Fannie Mae and Freddie Mac) that are available nationwide for sale of existing housing in standard condition. There are two states and the District of Columbia that have no non-metropolitan areas. HUD made a technical correction in 2024 to the rule that sets this minimum purchase prices as the greater of the state non-metro or the US non-metro median. HUD calculates for each state its non-metropolitan median purchase price as well as the US non-metropolitan median purchase price. The greater of these medians serves as the “state floor price” for maximum purchase price limits on existing homes. Note that this represents a change to the methods, as previous practice was to use the lesser of these medians.PJ Determined Limits: In lieu of the limits provided by HUD, a PJ may determine 95 percent of the median area purchase price for single family housing in the jurisdiction annually in accordance with procedures established at § 92.254(a)(2)(iii). The PJ must submit these limits as part of its Consolidated Plan/Annual Action Plan.The effective date of the 2024 Homeownership Value Limits is September 1, 2024. These limits remain in effect until HUD issues new limits.

The Housing Trust Fund (HTF) statute, section 1338(c)(7)(B)(ii), requires housing for homeownership to have an initial purchase price that meets the requirements of section 215(b)(1) of the Cranston-Gonzalez National Affordable Housing Act (HOME statute). The HTF Interim Rule at 24 CFR 93.305(a) requires that the initial purchase price or after-rehabilitation value of homeownership units assisted with HTF funds meet the definition of modest housing and that the purchase price of HTF assisted single family housing cannot exceed 95 percent of the median purchase price for the area for newly constructed or standard housing. In 2024, HUD adjusted the methodology for calculating the homeownership value limits. For existing housing, HUD will now be using the greater (rather than the lesser) of the state non-metropolitan and US non-metropolitan media sales values as the minimum value in which the limit is calculated. This change will substitute more local, state-level data for national-level data. This new methodology is effective September 1, 2024.Newly Constructed Housing: The HTF homeownership value limits for newly constructed HTF units is 95 percent of the median purchase price for the area based on Federal Housing Administration (FHA) single family mortgage program data for newly constructed housing. Nationwide, HUD has established a minimum limit, or floor, based on 95 percent of the U.S. median purchase price for new construction for non- metropolitan areas. HUD has used the greater of these two figures as their HTF homeownership value limit for newly constructed housing in each area. HUD has also decreased the minimum number of sales transactions from 10 to 5 for the calculation of a state-level non-metro median sales price.Existing Housing: The HTF homeownership value limit for existing HTF units is 95 percent of the median purchase price for the area based on Federal FHA single family mortgage program data for existing housing and other appropriate data (Federal Housing Finance Agency (FHFA) data on purchase mortgages securitized by Fannie Mae and Freddie Mac) that are available nationwide for sale of existing housing in standard condition. There are two states and the District of Columbia that have no non-metropolitan areas. HUD made a technical correction in 2024 to the rule that sets this minimum purchase prices as the greater of the state non-metro or the US non-metro median. HUD calculates for each state its non-metropolitan median purchase price as well as the US non-metropolitan median purchase price. The greater of these medians serves as the “state floor price” for maximum purchase price limits on existing homes. Note that this represents a change to the methods, as previous practice was to use the lesser of these medians.Grantee Determined Limits: In lieu of the limits provided by HUD, an HTF grantee may determine 95 percent of the median area purchase price for single family housing in the jurisdiction annually in accordance with procedures established at § 93.305(a)(2).The grantee must submit these limits as part of its HTF allocation plan.The effective date of the 2024 Homeownership Value Limits is September 1, 2024. These limits remain in effect until HUD issues new limits.

Fair Market Rents (FMRs) are used to determine payment standard amounts for the Housing Choice Voucher program, to determine initial renewal rents for some expiring project-based Section 8 contracts, to determine initial rents for housing assistance payment (HAP) contracts in the Moderate Rehabilitation Single Room Occupancy program (Mod Rehab), rent ceilings for rental units in both the HOME Investment Partnerships program and the Emergency Solution Grants program, calculation of maximum award amounts for Continuum of Care recipients and the maximum amount of rent a recipient may pay for property leased with Continuum of Care funds, and calculation of flat rents in Public Housing units. The U.S. Department of Housing and Urban Development (HUD) annually estimates FMRs for Office of Management and Budget (OMB) defined metropolitan areas, some HUD defined subdivisions of OMB metropolitan areas and each nonmetropolitan county. 42 USC 1437f requires FMRs be posted at least 30 days before they are effective and that they are effective at the start of the federal fiscal year (generally October 1).

Text source: https://www.huduser.gov/portal/datasets/HOME-Income-limits.htmlLanding page description:HOME Income Limits data are available from FY 1998 to the present. The HOME Income Limits are calculated using the same methodology that HUD uses for calculating the income limits for the Section 8 program, in accordance with Section 3(b)(2) of the U.S. Housing Act of 1937, as amended. These limits are based on HUD estimates of median family income, with adjustments based on family size. Please note that the 30 percent income limits for the HOME program have been calculated based on the definition of Extremely Low–Income Family (ELI) as described in Consolidated Submission for CPD Programs section of 24 CFR part 91.5. Therefore, the ELI Limit is calculated as 30 percent of median family income for the area and may not be the same as the Section 8 ELI Limit for your jurisdiction. The Section 8 Limit is calculated based on the definition of ELI as described in The 2014 Consolidated Appropriations Act, (Section 238 on page 128 Stat 635) which defines ELI as very low–income families whose incomes do not exceed the higher of the Federal poverty level or 30% of area median income. Family sizes in excess of 8 persons are calculated by adding 8% of the four-person income limit for each additional family member. That is, a 9-person limit should be 140% of the 4-person limit, the 10-person limit should be 148%.The HOME income limit values for large households (9-12 persons) must be rounded to the nearest $50. Therefore, all values from 1 to 24 are rounded down to 0, and all values from 25 to 49 are rounded up to 50.Note: The FY 2024 HOME Income Limits effective date is June 01, 2024.

HOME Rent Limit data are available from FY 1998 to the present. Per 24 CFR Part 92.252, HUD provides the following maximum HOME rent limits. The maximum HOME rents are the lesser of: The fair market rent for existing housing for comparable units in the area as established by HUD under 24 CFR 888.111; or A rent that does not exceed 30 percent of the adjusted income of a family whose annual income equals 65 percent of the median income for the area, as determined by HUD, with adjustments for number of bedrooms in the unit. The HOME rent limits provided by HUD will include average occupancy per unit and adjusted income assumptions. In rental projects with five or more HOME-assisted rental units, twenty (20) percent of the HOME-assisted units must be occupied by very low-income families and meet one of following rent requirements: The rent does not exceed 30 percent of the annual income of a family whose income equals 50 percent of the median income for the area, as determined by HUD, with adjustments for smaller and larger families. HUD provides the HOME rent limits which include average occupancy per unit and adjusted income assumptions. However, if the rent determined under this paragraph is higher than the applicable rent under 24 CFR 92.252(a), then the maximum rent for units under this paragraph is that calculated under 24 CFR 92.252(a). The rent does not exceed 30 percent of the family's adjusted income. If the unit receives Federal or State project-based rental subsidy and the very low-income family pays as a contribution toward rent not more than 30 percent of the family's adjusted income, then the maximum rent (i.e., tenant contribution plus project-based rental subsidy) is the rent allowable under the Federal or State project-based rental subsidy program. Fair Market Rents are established by HUD each year for the Section 8 Program. For more information on the annual calculation of Fair Market Rents, visit the Fair Market Rents page. The FMRs for unit sizes larger than 4 bedroom are calculated by adding 15 percent to the 4 bedroom FMR for each extra bedroom. For example, the FMR for a 5 bedroom unit is 1.15 times the 4 bedroom FMR, and the FMR for a 6 bedroom unit is 1.30 times the 4 bedroom FMR, and so on... 5 BR = 1.15 x 4 BR FMR 6 BR = 1.30 x 4 BR FMR 7 BR = 1.45 x 4 BR FMR 8 BR = 1.60 x 4 BR FMR 9 BR = 1.75 x 4 BR FMR 10 BR = 1.90 x 4 BR FMR 11 BR = 2.05 x 4 BR FMR 12 BR = 2.20 x 4 BR FMR Note: The FY 2024 HOME Rent Limits effective date is June 01, 2024.

As one of the Moving To Work agencies in the United States, the Housing Authority of the County of San Mateo (HACSM) receives certain waivers from HUD that allow the implementation of a local Family Self-Sufficiency Program (FSS). The HACSM FSS program was created in 2015 and provides time-limited rental assistance (up to 7 years) and case management services for participating families with the goal of helping the families increase financial self-sufficiency. On an ongoing basis 3 times a year, the FSS coordinators meet with families to assess their needs and record their progress. With the data collected from the assessment, HACSM has expanded partnerships with a variety of educational and financial institutions, work force development and other service providers, ensuring these resources available to the FSS families. A majority of our FSS participants meets their goal to graduate and exit the voucher program in five years but some may need the additional assistance (up to 24 months) to reach educational or vocational goals established in their FSS program. The turnover vouchers allow HACSM to serve new low-income families in the community. The HACSM FSS program includes monetary rewards at graduation. Families that have increased their earned income and savings and completed educational or other goals specified in their FSS Contract of Participation will be rewarded up to $5,000 at the time of successful graduation. Successful graduation is defined as follow: • The household has reached the end of the voucher’s time limit and is not receiving TANF prior to program exit, and • Either head of household, spouse, co-head or any adult member of the household is gainfully employed, or • The household has reached an income level such that HACSM is no longer providing subsidy or they have decided to relinquish their housing voucher before expiration date and have exited the voucher program. The program is designed with five years of rental assistance and case management and can be extended up to seven years on a case-by-case basis. This is important to note because the data shows an increase in FY 2021-22 which is when many of the initial participants were reaching the five to seven year term. Our projected numbers going forward align closer to what was seen in the early years of the FSS program. Also note that in August, 2024 we implemented a new Hardship criteria for extensions of the voucher program for additional assistance (up to 24 months) if the household family's annual gross income is below 80% of AMI and Housing Authority County of San Mateo's utilization rate is below 95%. This explains the estimated number of FSS program participants exiting the voucher program for FY 2024-25 total of 19 (10 actual exits from 7/1/2024 - 12/31/2024 and 9 estimated exits from 1/1/2025 - 6/30/2025) since a high percentage of our families qualify under this criteria.
On an ongoing basis 3 times a year, the FSS coordinators meet with families to assess their needs and record their progress. With the data collected from the assessment, HACSM has expanded partnerships with a variety of educational and financial institutions, work force development and other service providers, ensuring these resources available to the FSS families. A majority of our FSS participants meets their goal to graduate and exit the voucher program in five years but some may need the additional assistance (up to 24 months) to reach educational or vocational goals established in their FSS program. The turnover vouchers allow HACSM to serve new low-income families in the community. The HACSM FSS program includes monetary rewards at graduation. Families that have increased their earned income and savings and completed educational or other goals specified in their FSS Contract of Participation will be rewarded up to $5,000 at the time of successful graduation. Successful graduation is defined as follow: • The household has reached the end of the voucher’s time limit and is not receiving TANF prior to program exit, and • Either head of household, spouse, co-head or any adult member of the household is gainfully employed, or • The household has reached an income level such that HACSM is no longer providing subsidy or they have decided to relinquish their housing voucher before expiration date and have exited the voucher program. The program is designed with five years of rental assistance and case management and can be extended up to seven years on a case-by-case basis. This is important to note because the data shows an increase in FY 2021-22 which is when many of the initial participants were reaching the five to seven year term. Our projected numbers going forward align closer to what was seen in the early years of the FSS program. Also note that in August, 2024 we implemented a new Hardship criteria for extensions of the voucher program for additional assistance (up to 24 months) if the household family's annual gross income is below 80% of AMI and Housing Authority County of San Mateo's utilization rate is below 95%. This explains the estimated number of FSS program participants exiting the voucher program for FY 2024-25 total of 19 (10 actual exits from 7/1/2024 - 12/31/2024 and 9 estimated exits from 1/1/2025 - 6/30/2025) since a high percentage of our families qualify under this criteria.

This dataset and map service provides information on the U.S. Housing and Urban Development's (HUD) low to moderate income areas. The term Low to Moderate Income, often referred to as low-mod, has a specific programmatic context within the Community Development Block Grant (CDBG) program. Over a 1, 2, or 3-year period, as selected by the grantee, not less than 70 percent of CDBG funds must be used for activities that benefit low- and moderate-income persons. HUD uses special tabulations of Census data to determine areas where at least 51% of households have incomes at or below 80% of the area median income (AMI). This dataset and map service contains the following layer.

Complete mortgage loan limits for New Castle County in 2024. Includes conventional, FHA, VA, and USDA limits.

Complete mortgage loan limits for Ocean County in 2024. Includes conventional, FHA, VA, and USDA limits.

Complete mortgage loan limits for Scott County in 2024. Includes conventional, FHA, VA, and USDA limits.

Complete mortgage loan limits for Union County in 2024. Includes conventional, FHA, VA, and USDA limits.

Complete mortgage loan limits for Bronx County in 2024. Includes conventional, FHA, VA, and USDA limits.

Complete mortgage loan limits for Tom Green County in 2024. Includes conventional, FHA, VA, and USDA limits.

Complete mortgage loan limits for Madison County in 2024. Includes conventional, FHA, VA, and USDA limits.

Complete mortgage loan limits for Wheatland County in 2024. Includes conventional, FHA, VA, and USDA limits.

Complete mortgage loan limits for Franklin County in 2024. Includes conventional, FHA, VA, and USDA limits.

Complete mortgage loan limits for Lewis County in 2024. Includes conventional, FHA, VA, and USDA limits.

Complete mortgage loan limits for Webster County in 2024. Includes conventional, FHA, VA, and USDA limits.

Complete mortgage loan limits for Jim Wells County in 2024. Includes conventional, FHA, VA, and USDA limits.

Complete mortgage loan limits for Rush County in 2024. Includes conventional, FHA, VA, and USDA limits.