Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Faribault but actual income limits may differ for units at Faribault Public Housing.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $19,550 | $22,350 | $25,150 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
50% | $32,550 | $37,200 | $41,850 | $46,500 | $50,250 | $53,950 | $57,700 | $61,400 |
80% | $52,100 | $59,550 | $67,000 | $74,400 | $80,400 | $86,350 | $92,300 | $98,250 |
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.