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Maximum Affordable Rent by <br />Income Category and by <br />Number of Bedrooms in Unit <br />Income <br />.Category <br />NUMBER OF BEDROOMS IN UNIT <br />EFF. <br />1 <br />2 <br />3 <br />4 <br />'VLI (less <br />than 50% <br />$412 <br />$441 <br />$530 <br />$612 <br />$682 <br />of median <br />income <br />LI <br />(between <br />$660 <br />$706 <br />$847 <br />$980 <br />$1,092 <br />51% to 80$ <br />of median <br />income <br />Source: Florida Housing Finance Agency <br />7. Combined Assistance Strategy Awards for Housing Units <br />Eligible sponsors or persons may qualify to receive assistance <br />under one or more of the IRCLHAProgram's Assistance <br />Strategies. Applicants receiving assistance under more than <br />one Assistance Strategy shall comply with the following <br />limitations and requirements: <br />a. The combined maximum monetary award per housing <br />unit which may be provided from any one or more of <br />the IRCLHAProgram Assistance Strategies shall not <br />exceed the combined maximums allowed by approprdate <br />strategies for appropriate income category. <br />b. The income status of an eligible person occupying a <br />housing unit receiving assistance from one or more <br />IRCLHAProgram Assistance Strategies shall comply <br />with the income classification restrictions as <br />specified by the applicable Strategies. <br />8. Financial Standing of Eligible Housing Units <br />Owners of all eligible housing units receiving assistance from <br />the IRCLHAProgram shall be required to maintain good financial <br />standing in relation to their respective housing units as <br />follows: <br />a. All owners shall maintain valid Property Owners or <br />Homeowners Insurance, as appropriate, for their <br />respective units. For owner financed mortgages, <br />proof of such insurance shall be provided to the <br />IRCLHAProgram on an annual basis; and <br />11 <br />