My Excel Lookup for Oregon County Income Limits for the Treasury Homeowner Assistance Fund.

Treasury has set income limits for the HAF program at 2X and 3X the HUD low income median incomes adjusted by household size. Most but NOT all of the HUD low income limits are set at 50% of median income. 

To drill down to the specifics for each Oregon county I have created an Excel worksheet HERE and embedded below to lookup the relevant 100% and 150% of HUD's low income limit for all Oregon counties. 

ALL that the user has to do is select the county name and all the relevant values for different household sizes are calculated. The default view is for Multnomah county (would apply to other Portland metro counties also). The 4 person 100% income limit is $96,700, and at 150% it is $145,050. 

Source of Income Limits Could Change

Note that my calculated $96,700 100% median income limit is slightly lower than the published $96,900 median income for the Portland metro area. 

My 4 person Portland metro calculated 100% median income limit of $96,700 is also substantially lower than the 3 or more person $117,119 to $135,380 income limit now permitted by the Oregon bond homeownership loan program. 

It is possible (likely?) that Treasury will publish further income limit guidance that will allow use of other income limit standards. But for now I believe this is the most accurate calculation available. 

Originally created and posted on the Oregon Housing Blog. 

HUD Revises FY 2013 Median Family Incomes: Oregon Declines in Many Metro Areas are Somewhat Moderated.

Corrected in post text below reference to Portland MFI from $68,800 to correct $68,300; correct amount was in Excel file)
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Thanks to one of my knowledgeable readers (Jonathon Trutt, NWHA) for tip that HUD has published REVISED FY 2013 Median Family Incomes for Oregon (and I expect many other areas).   This is the first time I can recall HUD ever doing this, will be interesting to see how HUD explains the revisions.

My prior post HERE had reported substantial declines in MFI from FY 2012 to FY 2013 for many Oregon counties.  

Looks like to me there are still declines in many areas but across the board the revised FY 2013 MFI incomes in Oregon are up about 3.1%-3.3% from their original FY 2013 levels. This will somewhat reduce the adverse impacts on new projects where rents are set at levels that are a function of MFI levels (particularly new LIHTC projects). 

Note that Corvallis FY 2013 MFI is now $80,800, $12.5k more than the Portland Metro FY 2013 MFI of $68,300. That's a $6,800 increase for Corvallis from FY 2012, while Portland metro has a $4,700 decline from FY 2012. 

The Excel table HERE and embedded below shows the revised FY 2013 numbers; the HUD Income limits page is HERE.    



Originally created and posted on the Oregon Housing Blog.

HUD Publishes FY 2012 Income Limits, Portland 4 Person MFI Up $1,000.

HUD Income limit page is HERE, FY 2012 data HERE.

A quicky: Portland Median Family Income for family of 4 is $73,000, up $1,000 from FY 2011, PDF for Oregon is HERE.

Multifamily Tax Subsidy/LIHTC limits are HERE; look for FY 2012.

Originally created and posted on the Oregon Housing Blog.