MAXIMUM INCOME LIMITS
Household Size 1 person 2 person 3 person 4 person 5 person Moderate Income (120%) $124,250 $142,000 $159,750 $117,500 $191,700 Median Income (100%) $103,550 $118,300 $133,100 $147,900 $159,750 Low Income (80%) $78,550 $89,750 $100,950 $112,150 $121,150 Very Low Income (50%) $51,800 $59,200 $66,600 $73,950 $79,900
ESTIMATED MAXIMUM RESALE
PRICE
Unit Type Studio 1 Bedroom 2 Bed/ Equivalent** 3 Bedroom 4 Bedroom Moderate Income (120%) $361,944 $416,843 $465,258 $511,620 NA Median Income (100%) $266,371 $309,090 $340,362 $373,748 NA Low Income (80%) $160,107 $185,574 $203,772 $221,971 NA
MAXIMUM MONTHLY GROSS
RENTAL RATE
Unit Type Studio 1 Bedroom 2 Bed/ Equivalent** 3 Bedroom 4 Bedroom Moderate Income (120%) $2,848 $3,253 $3,660 $4,067 N/A
Low Income (80%) $1,553 $1,775 $1,997 $2,219 N/A
Very-Low Income (50%) $1,294 $1,479 $1,664 $1,849 N/A
Note: Maximum Sales Prices are calculated on a per unit basis, based on the average 90- day fixed 30-YR mortgage interest rate and the actual HOA fees charged to the unit. Maximum Sale Prices identified abelow is for illustrative purposes only. To confirm the maximum Resale Price of a BMR Unit, contact [email protected].
Note: Gross rent includes the total of monthly payments for a rental including a reasonable allowance for utilities, provided by the Housing Authority of Alameda County, and any required service charges or fees charged to tenants. Utility allowance and required charges/fees must be deducted from rents shown below.
* The maximum sales prices and rents allowed pursuant to the City's Affordable Housing Program are based on the housing affordability definitions found in the California Health and Safety Code at Section 50052.5 and 50053. These are to be considered maximum amounts and do not take into account market conditions that may limit actual sales and rent values. ** 2 Bedroom/Equivalent includes units with two bedrooms or units with 1 bedroom and a bonus area. To confirm if a unit is classified as a 2 bedroom equivalent, plesae contact the Owner or the City.
City of Emeryville C A L I F O R N I A
HOUSING AFFORDABILITY TABLE
MAXIMUM SALES PRICES AND RENTS*
2023/24 Program Year
Note: CA Housing and Community Development (HCD) annually updates the income limits based on U.S. Department of Housing and Urban Development (HUD) revisions to the Public Housing and Section 8 Income Limits that HUD most recently released on June 6, 2023. The income limits reflected below are for Alameda County. For households of 6 or more, please contact [email protected].
Exhibit A