Laserfiche WebLink
• <br /> • <br /> Housing TIF Districts <br /> December 6, 2000 <br /> Page 2 <br /> RENT RESTRICTIONS* (QUALIFIED HOUSING DISTRICT) <br /> r HENNEPIN COUNTY <br /> No. of Bedrooms 50% of Median 60% of Median <br /> Income Income <br /> 1-bedroom $616 $739 <br /> 2-bedroom $738 $886 <br /> 3-bedroom $854 $1,025 <br /> 4-bedroom $952 $1,143 <br /> Source:Minnesota Housing Finance Agency <br /> *Rent restrictions include all utility costs <br /> INCOME RESTRICTIONS(QUALIFIED HOUSING"DISTRICT) <br /> HENNEPIN COUNTY MEDIAN INCOME $68,600 <br /> No. of Persons 50% of Median 60% of Median Income <br /> Income <br /> 1-person $23,000 $27,600 <br /> 2-person $26,300 $31,560 <br /> 3-person $29,550 $35,460 <br /> 4-person $32,850 $39,420 <br /> Source:Minnesota Housing Finance Agency <br /> In 2000, the Legislature established a provision for owner occupied housing to avoid the LGA/HACA <br /> penalty. Generally the initial occupants must have incomes at or below 70% of median income. <br /> 70% OF MEDIAN INCOME`' <br /> STATEWIDE <br /> No. of Persons 70% of Median Income <br /> 1-person $28,371 <br /> 2-person $32,424 <br /> 3-person $36,477 <br /> 4-person $40,530 <br /> STANDARD MULTI-FAMILY RENTAL HOUSING DISTRICT <br />