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1998-090
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Resolutions
Resolution Number
1998-090
Approved Date
09/01/1998
Resolution Type
Amending Local Housing Assistance Plan for FY 98-99 & 99-2000
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anticipated gross income may increase to an <br /> amount not to exceed one hundred forty percent <br /> (140%) of fifty percent (50t) of the median <br /> income adjusted for family size for the <br /> purposes of the IRCLHAProgram; <br /> (b) A low-income person's annual anticipated <br /> gross income may increase to an amount not to <br /> exceed one hundred forty percent (140%) of <br /> eighty percent (80%) of the median income <br /> adjusted for family size for the purposes of <br /> the IRCLFiAProgram; <br /> (c) A eligible moderate-income person's annual <br /> anticipated gross income may increase to an <br /> amount not to exceed one hundred forty percent <br /> (140%) of one hundred percent (100%) of the <br /> median income adjusted for family size for the <br /> purposes of the IRCLHAProgram; <br /> For owner-occupied units: The income of <br /> eligible persons may increase without limit. <br /> b. A minimum of thirty percent (30%) of the funds must <br /> be utilized by households which are classified as <br /> very low-income households. <br /> C. A minimum of thirty percent (30%) of the funds must <br /> be utilized by households which are classified as <br /> low-income households. <br /> d. Each individual IRCLHAProgram Assistance Strategy <br /> shall further identify the income classification of <br /> eligible persons who may occupy the housing unit. <br /> 3. Income Classification Levels <br /> The income levels utilized to identify very low-, low-, and <br /> moderate-income eligible persons for participation in the <br /> IRCLHAProgram shall be the gross income limits adjusted for <br /> family size which are published annually by the Florida <br /> Housing Finance Agency. For the 1997-1998 Fiscal Year, these <br /> adjusted income levels are: <br /> 8 <br />
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