Please note that in addition to the questions noted above, applicant must attach the following documentation:
Documentation detailing proposed project underwriting and justifies the accuracy of the underwriting. Applicants must submit justification of development capacity and the fiscal soundness of the project. Neighborhood market analysis must be submitted justifying that there is an adequate need for the project requested.
PJs may not commit HOME funds to a project consisting of new construction or rehabilitation until: All necessary financing is secured; A budget and production schedule is established; underwriting and subsidy layering is completed; Construction is expected to start within 12 months.
CHDO’s must demonstrate that paid staff have development capacity commensurate with the scope of the development project for which funds are requested prior to the PJ’s reservation and commitment of HOME CHDO funds. This must be certified in IDIS before an agreement is executed.
BROWARD COUNTY
(Fort Lauderdale, FL HMFA)
HUD ANNUAL INCOME LIMITS
LAST UPDATE: 11/30/2012
A HOME eligible household must have an income equal to or less than the limits cited below, depending on the Project.
Note: These limits may be periodically adjusted by HUD, please use most recent data
HOUSEHOLD SIZE
|
80% OF COUNTY MEDIAN
|
60% OF COUNTY MEDIAN
|
50% OF COUNTY MEDIAN
|
1 Person
|
$38,160.00
|
$28,620.00
|
$23,850.00
|
2 Persons
|
$43,600.00
|
$32,700.00
|
$27,250.00
|
3 Persons
|
$49,040.00
|
$36,780.00
|
$30,650.00
|
4 Persons
|
$54,480.00
|
$40,860.00
|
$34,050.00
|
5 Persons
|
$58,880.00
|
$44,160.00
|
$36,800.00
|
6 Persons
|
$63,200.00
|
$47,400.00
|
$39,500.00
|
7 Persons
|
$67,600.00
|
$50,700.00
|
$42,250.00
|
8 Persons
|
$71,920.00
|
$53,940.00
|
$44,950.00
|
BROWARD COUNTY AFFORDABLITY REQUIREMENTS
RENTAL HOUSING ACTIVITY
|
MINIMUM PERIOD OF AFFORDABILITY IN YEARS
|
Rehabilitation or acquisition of existing housing per unit amount of HOME funds: Under $15,000
|
Thirty (30) Years
|
$15,000 to $40,000
|
Thirty (30) Years
|
Over $40,000 or rehabilitation involving financing
|
Thirty (30) Years
|
New construction or acquisition of newly constructed housing
|
Thirty (30) Years
|
HOME OWNERSHIP ASSISTANCE
HOME AMOUNT PER-UNIT
|
MINIMUM PERIOD OF AFFORDABILITY IN YEARS
|
Under $15,000
|
Five (5) Years
|
$15,000 to $40,000
|
Ten (10) Years
|
Over $40,000
|
Fifteen (15) Years
|
HOME PER UNIT INVESTMENT LIMIT
(Section 221(d) (3) mortgage limit for elevator-type construction)
(06/12 HUD JAX CPD)
#Bedrooms Investment Limit
0 $127,279
1 $171,282
2 $208,278
3 $269,443
4 $295,766
SECTION 8 TENANT UTILITIES ALLOWANCES
FOR MULTIFAMILY, 1-4 STORIES*
# of Bedrooms
|
0 - BR
|
1 - BR
|
2 - BR
|
3 - BR
|
4 - BR
|
5 - BR
|
HEAT
|
|
|
|
|
|
|
Natural Gas
|
$7.00
|
$8.00
|
$9.00
|
$10.00
|
$11.00
|
$13.00
|
Bottled Gas
|
$10.00
|
$10.00
|
$13.00
|
$16.00
|
$19.00
|
$22.00
|
Electric/ Oil
|
$9.00
|
$10.00
|
$11.00
|
$12.00
|
$13.00
|
$14.00
|
AIR CONDITIONING
|
$11.00
|
$13.00
|
$17.00
|
$21.00
|
$25.00
|
$29.00
|
COOKING
|
|
|
|
|
|
|
Natural Gas
|
$5.00
|
$5.00
|
$7.00
|
$7.00
|
$8.00
|
$8.00
|
Electric
|
$3.00
|
$3.00
|
$4.00
|
$4.00
|
$5.00
|
$5.00
|
Bottled Gas
|
$6.00
|
$6.00
|
$10.00
|
$10.00
|
$13.00
|
$13.00
|
OTHER ELECTRIC
|
|
|
|
|
|
|
Refrigerator
Lighting, Etc.
|
$14.00
|
$15.00
|
$16.00
|
$17.00
|
$18.00
|
$19.00
|
WATER HEATING
|
|
|
|
|
|
|
Natural Gas
|
$8.00
|
$8.00
|
$10.00
|
$11.00
|
$13.00
|
$15.00
|
Electric/Oil
|
$12.00
|
$12.00
|
$15.00
|
$16.00
|
$17.00
|
$18.00
|
WATER
|
$4.00
|
$4.00
|
$6.00
|
$8.00
|
$10.00
|
$12.00
|
SEWER
|
$9.00
|
$9.00
|
$13.00
|
$17.00
|
$20.00
|
$24.00
|
TRASH COLLECT.
|
$6.00
|
$6.00
|
$6.00
|
$6.00
|
$6.00
|
$6.00
|
RANGE (Purchase)
|
$6.00
|
$6.00
|
$6.00
|
$6.00
|
$6.00
|
$6.00
|
REFRIGERATOR
(Purchase)
|
$6.00
|
$6.00
|
$6.00
|
$6.00
|
$6.00
|
$6.00
|
Source: Broward County Housing Authority (7/1/13) * High rise Information (5 or more stories) available on request
HOME RENTS & FAIR MARKET RENT
FORT LAUDERDALE, FL HMFA*
(June 2013)
Number of Bedrooms
|
Fair Market Rent
|
Low HOME
|
High HOME
|
Efficiency
|
$701
|
$671
|
$821
|
1
|
912
|
719
|
915
|
2
|
1,159
|
863
|
1,100
|
3
|
1,653
|
997
|
1,262
|
4
|
2,053
|
1,111
|
1,388
|
5
|
2,361
|
1,127
|
1,514
|
6
|
2,669
|
1,342
|
1,639
|
*Source: U.S. Department of Housing and Urban Development.
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