AMI Reports from 2018 and 2019 for 80% AMI and 120% AMI which would be limits. HUD CDBG and HUD CDBG-DR .
State of Louisiana HUD CDBG-DR AMI (%) Percentage.
Need more information? Here's your jump board.
If your AMI changed from below 80% to over 80% and under 120% you can appeal that your increase has not been for two consecutive years. Over 120% AMI you can argue on the same grounds if your increase has not been for 2 consecutive years.
Those of you that are over HUD's income limits (120%) and would like to understand more about how HUD determines over income limits this link is for you.
Resource link: FR-2018-07-26
Very Low Income (VLI) * 2.4 = 120% AMI.
Very Low Income is 50% AMI.
Example: State wide VLI family of 2 = $24,850
$24,850 * 2.4 = $59,640 120% or HUD Income Limit.
So be sure the state doesn't use the math I just showed you. Some areas are much higher while others are lower. The state really likes to put everyone in one box, so look out for a spreadsheet with the above calculations in VLI for your areas.
Example: Louisiana State Wide 120% AMI.
- CDBG Income Limits
- HUD Notice Sets HOTMA Over-Income Limit
National Low Income Housing Coalition (NLIHC)
FAQ Research based learning
"Providing resource supported answers."
Do you all know Cunningham's Law?
"The best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer."
Don't allow misleading or misinformation to cost you. Nearly all of the wrong answers come from not knowing where and how to search for the correct answers.
- Sat. Apr. 24, 2021