Income Limits
Applicants to the BMR Program qualify based upon the most recently published Housing and Community Development (HCD) income limits per household size. Please refer to the chart below to see if your household qualifies. The income limits listed are annual gross income (before taxes taken out). In summary, gross household income is the sum of all the income for every adult, 18 years or older. Sources of income include all wages or salaries, overtime, bonuses, pensions, and any other sources of income.
Units in the program are either designated at 50% or 80% AMI (Area Median Income) and rent rates are calculated accordingly.
| Household Size | Income Limit at 50% AMI | Income Limit at 80% AMI |
|---|---|---|
| 1 person | $62,450 | $96,000 |
| 2 people | $71,400 | $109,700 |
| 3 people | $80,300 | $123,400 |
| 4 people | $89,200 | $137,100 |
| 5 people | $96,350 | $148,100 |
| 6 people | $103,500 | $159,050 |
| 7 people | $110,650 | $170,050 |
| 8 people | $117,750 | $181,000 |
Effective June 6, 2023. Income limits will be updated each year by RHS.
AMI refers to Area Median Income.
Asset Limit
Household assets may not exceed the maximum gross income allowed for the appropriate household size (please refer to the Income Limit chart). For example, a low-income household of four may not have more than $117,750 in assets.
Assets are the combined assets of all household members including, but not limited to, checking and savings accounts, stocks, mutual funds, profit sharing accounts, CDs, and money market accounts. Excluded from assets are all non-accessible funds or any assets that generate a penalty when withdrawn, i.e., 401K, CALPERS, STRS, and other pension plans.
Household Size
Household size is the total number of individuals who will be living in the unit (including children). Children must reside in the household at least 50% of the time to be considered part of the household.
Owning Property
Applicants cannot own a home and/or be on title of a property when applying for the BMR rental program.