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DATE: March 2, 1989 <br /> TO: Urban Hennepin County Subrecipients • <br /> HENNEPIN FROM: Hennepin County Office of Planning & Development <br /> SUBJECT: FY '89 CDBG PROGRAM INCOME LIMITS - SECTION 8 <br /> Enclosed are the revised income limits for lower-income (80% of median) and <br /> very low income (50% of median) households. These income limits are based <br /> on the HUD estimates of median family income for Fiscal Year 1989. As <br /> required by statute, adjustments have been made by HUD in the income for <br /> smaller and larger families by using the four-person family as a base and <br /> applying percentage adjustments for various size families. <br /> These income limits must be used in calculating household income eligibility <br /> for' all CDBG funded activities which need to document low/moderate income <br /> . benefit. These income limits are effective until further notice. <br /> MSA: MPLS./ST. PAUL - FY '89 MEDIAN. FAMILY INCOME: $42,300 <br /> Lower Very Low <br /> Income Income <br /> 1 Person $23,700 $14,800 <br /> 2 Person 27,100 16,900 <br /> 3 Person 30,450 19,050 <br /> 4 Person 33,850 21,150 <br /> 5 .Person 35,950 22,850 <br /> 6 Person 38,100 24,550 <br /> 7 Person 40,250 26,250 <br /> 8 Person 42,300 27,900 <br /> tf <br /> Enclosure <br />