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Maine subsidized housing income limits

Rent - Income Chart

  1. Housing Trust Fund Income and Rents Effective 07/01/2020. 2019 Rent and Income Charts. Income & Rents Effective 04/24/2019. FedHOME Rents Effective 06/28/2019. Housing Trust Fund Income and Rents Effective 06/28/2019. 2018 Rent and Income Charts. Incomes and Rents Effective 04/01/218. FedHOME Rents Effective 06/01/2018
  2. Purchase Price Limits are subject to change. If you are using the Mobile Home Self-Insured Option, the Purchase Price Limit for a single-wide and double-wide mobile homes on owned or leased land is $200,000 for all areas. Effective Date: May 17, 2021. Area
  3. 1 Income Based Rent means tenants generally pay about 1/3 of their household income on rent. Rent Restricted means rents are typically based on a specified percentage of the median income for the area. Income limits are restricted. Updated 07/20 Page 1 FRANKLIN COUNTY . Affordable Housing Options . Housing Type 1 Units Type of Assistanc
  4. Income Limits. You may be eligible for the HCV Program if your gross family income (before taxes, if any) is less 50% of the area median income (Very-Low income limits) for the housing authority which chooses you from the wait list. At least 75% of all vouchers issued by a housing authority must be targeted to households whose total income does.

Homebuyer Income & Purchase Limits - MaineHousin

  1. 1 Income Based Rent means tenants generally pay about 1/3 of their household income on rent. Rent Restricted means rents are typically based on a specified percentage of the median income for the area. Income limits are restricted. Updated 06/21 Page 1 KNOX COUNTY . Affordable Housing Options . Housing Type Units Type of Assistance1 Elderl
  2. FY 2020 HUD Income Limits. HUD has released the median family incomes and income limits for Fiscal Year (FY) 2020. Median incomes are used as the basis for income limits in several HUD programs, including the Public Housing, Section 8 Housing Choice and Project-Based Voucher, Section 202 housing for the elderly, and Section 811 housing for persons with disabilities programs, as well as in.
  3. e eligibility for assisted housing programs including the Public Housing, Section 8 project-based, Section 8 Housing Choice Voucher, Section 202 housing for the elderly, and Section 811 housing for persons with disabilities programs
  4. guaranteed housing program income limits state:alabama ----- a d j u s t e d i n c o m e l i m i t s ----- of the state-wide and state non-metro median family incomes or 115/80ths of the area low-income limit . page 4 of 334 05/12/2021 special pn hb - 1 - 3555, appendix 5 guaranteed housing program income limits.

The U.S. Department of Housing and Urban Development (HUD) released the 2021 Income Limits (ILs) this week. These limits help with determining eligibility for the following programs: Public Housing. Section 8 project-based. Section 8 Housing Choice Voucher. Section 202 housing for the elderly. Section 811 housing for persons with disabilities. Income level requirements for eligibility typically set a cutoff limit based on a percentage of an area's annual median income, according to MassLegalHelp, a legal reference site. If the annual median income for an area is $50,000 and a particular program has a 50 percent cutoff mark, eligible applicants will earn less than $25,000 a year Rental Help: Maine. HUD helps apartment owners offer reduced rents to low-income tenants. To apply, contact or visit the management office of each apartment building that interests you. To apply for either type of help, visit your local Public Housing Agency (PHA) The maximum amount a voucher would pay on behalf of a low-income tenant in Portland, Maine for a two-bedroom apartment is between $1,433 and $1,751. 2021 Portland, Maine Fair Market Rents and Housing Choice Voucher Payment Standards Fair Market Rents can be used to better understand the average housing costs of an area

The maximum amount a voucher would pay on behalf of a low-income tenant in Belfast, Maine for a two-bedroom apartment is between $819 and $1,001. 2021 Belfast, Maine Fair Market Rents and Housing Choice Voucher Payment Standards Fair Market Rents can be used to better understand the average housing costs of an area The maximum amount a voucher would pay on behalf of a low-income tenant in Bangor, Maine for a two-bedroom apartment is between $951 and $1,163. 2021 Bangor, Maine Fair Market Rents and Housing Choice Voucher Payment Standards Fair Market Rents can be used to better understand the average housing costs of an area

The maximum amount a voucher would pay on behalf of a low-income tenant in Brewer, Maine for a two-bedroom apartment is between $951 and $1,163. 2021 Brewer, Maine Fair Market Rents and Housing Choice Voucher Payment Standards Fair Market Rents can be used to better understand the average housing costs of an area The maximum amount a voucher would pay on behalf of a low-income tenant in Rockland, Maine for a two-bedroom apartment is between $791 and $967. 2021 Rockland, Maine Fair Market Rents and Housing Choice Voucher Payment Standards Fair Market Rents can be used to better understand the average housing costs of an area Bangor House - Subsidized, Low-Rent Apartment (for Elderly) Location: Bangor, ME - 04401 Contact Phone: (207) 945-9342 Details: Bangor House is a 6-story new construction building connected to a renovated historic Hotel, located in the heart of Bangor, Maine. Occupancy is limited to elderly and or disabled households. Subsidy is provided through the Project-Based Section 8 Program and rents. 164 Weld Rd. Wilton, Maine - Wilton, Maine Seven subsidized apartments for elderly and disabled tenants. These one bedroom apartments are part of the USDA rural development low income housing program. Applicants must meet age, income, or handicapped guidelines verified by third party signatures

Chestnut Place - Subsidized, Low-Rent Apartment (for Family) Location: Lewiston, ME - 04240 Contact Phone: (207) 689-9492 Details: Chestnut Place is comprised of three masonry and brick buildings located in the heart of Lewiston, Maine. Occupancy is open to all families. Subsidy is provided through the Project-Based Section 8 Program and rents are based upon 30% of the household adjusted gross. Very-low income homeowners could qualify for loans and/or grants in one of three ways: Adjusted annual income up to 30% of AMI or Total Debts (TD) exceeding 46% may qualify for up to a $7,500 grant for eligible purposes. Adjusted annual income exceeding 30% of AMI with Total Debts (TD) not exceeding 46% may qualify for both a repair loan and. Low Income Housing and Subsidized Apartments in Rumford, ME Below is the listing of 4 affordable apartments and low-income housing in Rumford, ME. Some apartments listed here will require prospective residents to meet income eligibility requirements and other guidelines specific to a housing authority, and other properties will be open to all. Effective July 1, 2021, the current interest rate for Single Family Housing Direct home loans is 2.50% for low-income and very low-income borrowers. Fixed interest rate based on current market rates at loan approval or loan closing, whichever is lower. Interest rate when modified by payment assistance, can be as low as 1%

Eligibility Maine Centralized Section 8/HCV Waiting Lis

  1. To be eligible for public or subsidized housing, your household's yearly income must be below certain income limits. Generally, that income is measured by comparing your income to the average income in the area. This is called the area median income. 1 If your income falls below a certain percentage of the area median income, you are income.
  2. Dearborn Hill Apartments - Multi-Family Housing Rental (for Family) Location: Vassalboro, ME - 04962. Contact Phone: (207) 621-7700. Details: 24 Units - 12 one bedroom, 12 two bedroom. 21 total units have rental assistance available, whereby rent is based on 30% of adjusted income. Kennebec County Income Limits Apply
  3. gton, ME - 04938. Contact Phone: (207) 778-0607. Details: Subsidized apartment building for low income individuals 62 years and older, and/or disabled. Built in 2014, the building has 32 one bedroom apartments: fully handicapped, adaptable, and regular

The Maine State Housing Authority (MSHA) has been designated by the Legislature to administer the federal Low Income Home Energy Assistance Program (LIHEAP). The program provides assistance to low income households for their energy bills. The federal Department of Health and Human Services oversees LIHEAP If you go to Maine Housing or another housing authority, you may not get the voucher for rental assistance through Section 8. Housing unit must pass the housing quality standards set by HUD. Rent for housing unit should be within the limits provided by the program. Your household income must be within the limits set by the program Multi-Family Housing. Rural Business. OneRD Loan Guaranteed. Water and Environmental Guaranteed. Water and Environmental Direct. Community Facilities Guaranteed. Property Eligibility. Previous Eligibility Areas. Income Eligibility 1000s of Verified Listings. Contact Owenrs Directly. No Hassles of Dealing With Brokers. Choose From 1000s of Owner Listings. World's Largest Brokerage Free Property Portal

FY 2020 HUD Income Limits HUD USE

state:maine ----- 2020 housing trust fund income limits ----- PROGRAM 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON Aroostook County, M 38 housing if that person's income increases beyond the application limits. Set-rate apartments 39 may be publicly owned or may be entrusted to a community land trust or a housing 40 cooperative. To avoid segregating low-income communities into isolated housing projects Refinance a single-family mortgage loan held by the Maine State Housing Authority for a homeowner whose income at the time of refinancing is no greater than the income limits for qualified first-time homebuyers established under 26 United States Code, Section 143, or an existing loan on any owner-occupied single-family residence for purposes of. for which $5500 should be added to the respective low-income limit for 8+ person families ** moderate income-guar loan is defined as the greater of 115% of the u.s. median family income or 115% of the avg. of the state-wide and state non-metro median family incomes or 115/80ths of the area low-income limit may not be applied to low-income.

2021 Income Limits. The U.S. Department of Housing and Urban Development (HUD) has released the 2020 Income Limits. The new limits are effective on April 1, 2020. HUD sets income limits that determine eligibility for assisted housing programs including:. Public Housing. Section 8 project-based Since both dates were April 1, 2021, Owner/Agents have until May 15, 2021 to begin using the limits for Low Income Housing Tax Credit (LIHTC) properties. For the LIHTC programs, HUD now publishes income limits from 20% to 80% of AMI for one to eight person families to accommodate projects using the Income Averaging Set-Aside Maine is unique in that the state allows a single individual an exemption of $8,000 in liquid assets and married couples an exemption of $12,000. (Liquid assets include checking and savings accounts). These exemptions are in addition to the Medicaid asset limit of $2,000 for a single individual and $3,000 for a married couple

Income Limits HUD USE

BangorHousing provides affordable housing opportunities and assistance for low to moderate income households, offering both apartments and houses for rent through a variety of programs including Section 8. Latest News. BGCBangor Blue Party Housing Trust Fund Income Limits. The Housing Trust Fund Interim Rule at 24 CFR § 93.250 states that in any fiscal year in which the total amount available for allocation of HTF funds is less than $1 billion, the grantee must use 100 percent of its HTF grant for the benefit of extremely low income families or families with incomes at or below.

Maine Housing Authority posts a listing, by county, of all subsidized housing in the state (but does not include FMHA-subsidized rentals). This listing does include elderly and disabled rental housing. Scroll down the page to get to the county-by-county listings Presque Isle, ME 04769. (207) 764-1972. 1-800-355-1435. Other programs that may help to reduce your electric bill. Arrearage Management Program (AMP) — The Arrearage Management Program (AMP) is an assistance program designed to help eligible low-income residential customers who are behind on their electricity bills Find Affordable Rental Housing. People with low income Low Income: a total family income that's no more than the Section 8 low-income limit established by HUD. Individuals are considered one-person families., seniors Senior: for housing benefit eligibility purposes, a person who is 62 or older., and people with disabilities Person with a Disability: a person whose physical or mental.

2021 Income Limits released by HUD View them no

FY 2019 HUD Income Limits. HUD has released the estimated median family incomes (MFIs) and income limits for Fiscal Year (FY) 2019. MFIs are used as the basis for income limits in several HUD programs, including the Public Housing, Section 8 Housing Choice and Project-Based Voucher, Section 202 housing for the elderly, and Section 811 housing for persons with disabilities programs, as well as. HUD Awards $119,186 to Maine Public Housing Agencies for Emergency Safety and Security Improvements. Read More... Tuesday, April 6, 2021. U.S. Department of Housing and Urban Development 451 7th Street, S.W., Washington, DC 20410 T: 202-708-1112 TTY: 202-708-145 HOME Rent Limit data are available from FY 1998 to the present. Per 24 CFR Part 92.252, HUD provides the following maximum HOME rent limits.The maximum HOME rents are the lesser of: The fair market rent for existing housing for comparable units in the area as established by HUD under 24 CFR 888.111; o EE. Refinance a single-family mortgage loan held by the Maine State Housing Authority for a homeowner whose income at the time of refinancing is no greater than the income limits for qualified first-time homebuyers established under 26 United States Code, Section 143, or an existing loan on any owner-occupied single-family residence for purposes of lowering mortgage payments or making home.

To be eligible for public and subsidized housing, your income must be below certain income limits. You must also meet other qualifications. Income limits for public housing and vouchers are set by the government and change every year. Income limits for multifamily subsidized housing vary from development to development. For more information. The chart below depicts the maximum income level for various household sizes using HUD's AMI designations. HUD describes households in the 30% AMI bracket as extremely low-income. 50% AMI is also known as very-low income households. 80% AMI households are low-income earners, and 100% to 120% AMI are commonly known as workforce housing households 100 State Street - Subsidized, Low-Rent Apartment (for Elderly) Location: Portland, ME - 04101 Contact Phone: (207) 775-1437 Details: Located in the West End neighborhood of Portland, Maine, 100 State Street offers affordable smoke-free housing in a downtown setting within sight of Portland's historic and scenic waterfront. Our one- and two-bedroom apartments feature wall-to-wall carpeting. The following income and rent limits were effective as of April 1, 2021 for multifamily housing that satisfies affordable housing requirements under the MHA performance option (SMC Chapter 23.58B and/or SMC Chapter 23.58C) subject to the following exception: Governor Inslee's Proclamation on Eviction and Related Housing Practices prohibits rent increases through September 30, 2021

Properties with low- or very low-income tenants qualify to receive assistance. Properties with very low-income tenants receive first priority. How do we get started? Rental Assistance is coupled with an application for new construction financing under the Rural Rental Housing or Farm Labor Housing programs Low-income seniors may qualify for Supplemental Security Income, a federal program that provides a monthly income for eligible adults aged 65 and older and people living with a qualifying disability. Eight Social Security Field Offices in Maine provide in-person service and are listed on the Social Security Administration, Boston Region website To get a list of housing authorities and other agencies that oversee subsidized housing in your area, call the Maine State Housing Authority: 1-800-452-4668, TTY 1-800-452-4603. You can also view listings of subsidized housing at the Maine State Housing Authority website. Then contact the local agencies where you want to live

Longmeadow Apartments | Skowhegan, ME Low Income Apartments

Asset and Income Requirements for Subsidized Housing

A family making $28,100 would be very-low income, and a family making $44,950 would be low income. Those income limits are then adjusted based on family size with the upward limit being eight In some instances these limits can go as high as 80 percent of median ($66,150 for a family of four in Boston) although very few housing agencies serve households with this income at this limit. Income limits vary depending on the number of persons in the household and the region in which they live at the time they are selected for assistance

Rental Office: (207) 307-7087. Download Application (.pdf) Affordable 1, 2 & 3 Bedroom Apartments. Rent Is Based On 30% Of Household Income. Utility allowance to assist w/utility expenses. Lights & Electric: Resident Expense. Water: Included. Secure Building Low Income Housing Tax Credit and Tax Exempt Bond properties must use the Multifamily Tax Subsidy Project (MTSP) income limits or the Average Income Test income limits as applicable. Rents on qualified Tax Credit units are restricted. There is no regulation on rent restrictions for Tax Exempt Bonds

Rental Help: Maine HUD

  1. The Mountain View affordable housing project moves closer to developer's plan to build 28 one- and two-bedroom apartments at a building that previously served as a sanatorium in Fairfield
  2. Exit Full Screen. YORK, Maine — A proposal that would bring more workforce affordable housing units to town near Hannaford supermarket is in the final stages of receiving approval from the town.
  3. C. Authority means the Maine State Housing Authority. D. Federal low-income housing tax credit means the federal tax credit as provided in Section 42 of the Code. E. Qualified basis has the same meaning as in Section 42(c) of the Code. F. Qualified Maine project means an affordable housing project that is
  4. Welcome to the 2018 HUD Affordable Housing Guide For federally subsidized housing, the amount and type of assistance may vary but the majority of properties have Project-Based Section 8 subsidy, where the tenant pays 30% of their adjusted gross monthly income for rent
  5. affordable rental housing in more than 7,700 seniors apartments. A person who is at least 58 years of age is considered to be a senior for purposes of this program. Rent is based on household income. Family Housing Provides approximately 10,800 Nova Scotians with safe, adequate and affordable rental housing in close to 3,600 family housing units
  6. Eligibility for very low-income housing starts at $46,100 for a single person. This number increases to $52,650 for two people and to $65,800 for a family of four
  7. MOUNT DESERT — The nonprofit Mount Desert 365 has plans for a six-home affordable housing development at the corner of Manchester and Neighborhood roads in Northeast Harbor.. There is currently one single-family house and a detached garage on the .79-acre lot. The historical plan from the late 1920s shows that this was at one time five lots, said MD365 Executive Director Kathy Miller
Healy Terrace | Lewiston, ME Low Income Apartments

Low Income Apartments in Portland, Main

LIHTC Database Access. This system allows selective access to data from HUD's Low-Income Housing Tax Credit Database. Data output is in either easy-to-read HTML tables, or a comma-delimited text file suitable for further analysis with spreadsheet, database, or statistical software. Data are now available for projects placed in service through 2019 2020 Income Limits Released. March 31, 2020 By Elizabeth. Despite concerns that the 2020 Income Limits might be delayed due to the coronavirus pandemic, HUD published them today with an April 1, 2020 effective date. As per Revenue Ruling 94-57, Housing Credit income limits must be implemented on the effective date OR 45 days from the. A recent report released by the Maine Affordable Housing Coalition points out that 37 percent of Maine's older adults are considered low-income and more than 27 percent have at least one.

Mountainview Terrace | Skowhegan, ME Low Income ApartmentsKenduskeag Terrace | Bangor, ME Low Income Apartments

Low Income Apartments in Belfast, Main

Portland, Maine: 409 Cumberland Avenue Apartments Add Affordable Housing and Promote Sustainable Food and Healthy Living . In recent years, Portland, Maine, has prioritized filling an affordable housing gap for moderate- and low-income residents who struggle with the city's rising rents and limited supply of affordable units Public Housing Assistance Programs. There are different types of housing available for low-income families, elderly persons, and those with disabilities. Congregate and supportive housing with assisted living services may also be available. Learn More about Public Housing Assistance Programs. How to Apply for Public Housing The Income and Assets Test for Section 8 Housing. Since 1983, California Advocates for Nursing Home Reform has been fighting for the rights of long-term care residents in California. CANHR's mission is to educate and support long term health care advocates and consumers regarding the rights and remedies under the law, and to create a united voice for long term care reform and humane. Shalom Affordable Housing. The Shalom affordable housing complex, which includes Shalom and Shalom II Apartments, offers supportive living with services for seniors and the mobility impaired. Located on a landscaped, 8.6-acre site in suburban Warwick, Shalom is a short walk from area shopping malls and close to I-95

Low Income Apartments in Bangor, Main

  1. The covenants limit the equity that homeowners may accrue in order to keep the houses affordable over time to individuals and families of similar income. The trust was founded in 1989. Since 2003.
  2. IRA, by definition, is savings. Affordable Housing is counting it as income because I take a yearly distribution. That puts me over the income limit for the housing. I appealed with the company but the appeal was denied. Is there anything more that can be done? Withdrawal of IRA money is taxable.
  3. family size: housing choice voucher income limit (50% ami) public housing income limit (80% ami) housing tax credit income limit (60% ami) 1: $23,05
  4. Please visit the Maine LIHEAP website for more information. Public inquires can be made toll-free at: 1-800-452-4668. Also, you may contact Maine State Housing Authority's (MSHA) Energy and Housing Services division at: jchoate@mainehousing.or
  5. e eligibility for the low-income housing tax credit (LIHTC) and tax-exempt bond properties. Income limits are effective immediately and must be used within 45 days of the April 1, 2021 release date, so by May 15, 2021
  6. Synapse Energy Economics, Inc. Maine Low-Income Home Energy Burden Study 5 (defined as less than 200 percent of the federal poverty limit) have the highest median and upper quartile rural energy burdens in New England and the Mid-Atlantic, at 10.6 percent and 18 percent
Clearwater Bend Townhouses | Westbrook, ME Low Income

Area: 2021 Income Limit for 1-4 Person Household: 2021 Income Limit for 5-8 Person Household: Adams County, Nebraska: $91,900: $121,300: Duluth, Minnesot You should apply for coverage even if your income is higher than the numbers you see below. For help understanding these limits, asset levels or how to apply, call our Maine Health Insurance Consumer HelpLine at 1-800-965-7476. Family Size. Adults with Medicare or 65 years and over. (includes disregards) Adults 21 - 64 not eligible for Medicare Generally, low-income housing rules require families to spend at most 30 percent of their total gross income on rent. The portion of the rent that HUD covers is determined by the fair market rent.

All subsidized and assisted low-income housing programs (like public housing, HUD housing, and section 8 housing) are open only to people of limited income, although the exact limits vary. Most housing programs are for families with children or individuals in a single-person family units who are elderly, handicapped or have been forced to move. The income limits will also differ based on the number of people in the family. Income limits are created for families containing anywhere from one individual to eight individuals. Extremely low-income for a family of one may be $15,000 a year, but for a family of eight, $30,000 a year may be an extremely low-income level News: Housing, rent help, eviction and the COVID-19 Coronavirus Crisis The amount of rent you can afford depends on your income. If you have a low income, it is a bad idea to spend more than 30% of your income on rent because you won't be able to pay for other necessities The HCV Waiting list is, and will remain, open. Applications may be submitted at: Maine Section 8 Centralized Waiting List. If you do not have access to a computer, please call our office at (207) 942-6365 and request a paper application for you to fill out and return to: BangorHousing. 161 Davis Road, Bangor, Maine, 04401

Low Income Apartments in Brewer, Main

Trump Stokes Fear in the Suburbs, but Few Low-Income Families Ever Make It There October 28, 2020 Section 8 Vouchers Help The Poor — But Only If Housing Is Availabl A very low-income family is selected by the PHA to participate is encouraged to consider several housing choices to secure the best housing for the family needs. A housing voucher holder is advised of the unit size for which it is eligible based on family size and composition Public housing was established to provide decent and safe rental housing for eligible low-income families, the elderly, and persons with disabilities. Public housing comes in all sizes and types, from scattered single-family houses to high rise apartments for elderly families. There are approximately 970,000 * households living in public. Eligibility for Low-Income Subsidy This page contains information on eligibility for the Low-Income Subsidy (also called Extra Help) available under the Medicare Part D prescription drug program. It includes information on how one becomes eligible for the Low-Income Subsidy as well as useful outreach material

How does income and housing costs in Bath compare with Maine income averages. Average affordable monthly apartment cost in Bath. $270.00. State of Maine Median Income. $78,300. State of Maine Median Metropolitan Income. $72,300. State of Maine Median Non-Metropolitan Income. $55,900 Opening Doors to Affordable Housing. The Cumberland Housing Group does not discriminate on the basis of race, color, religion, national origin or ancestry, sex, age, marital status, sexual orientation, genetic information, disability, veteran's status, or on any other legally protected status under local, state or federal law Affordable Housing Resources This is a listing of privately-owned affordable housing in Long Beach. Each facility maintains its own independent waiting list. Contact each facility in which you are interested. You may register on as many waiting lists as you wish. Resource Typ Housing for Individuals. USDA provides homeownership opportunities to rural Americans, and home renovation and repair programs. USDA also provides financing to elderly, disabled, or low-income rural residents in multi-unit housing complexes to ensure that they are able to make rent payments. Multi-Family Housing Rentals

Low Income Apartments in Rockland, Main

The Top 10 Best States for low income seniors #1 Vermont. Affordable housing complexes for elderly: 81; Amount of residents over 65: 91,078 #2 Maine. Affordable housing complexes for elderly: 183; Amount of residents over 65: 211,080 #3 Rhode Island. Affordable housing complexes for elderly: 117; Amount of residents over 65: 151,881 #4 New. For each person over eight-persons, the four-person income limit should be multiplied by an additional 8 percent. (For example, the nine-person limit equals 140 percent [132 + 8] of the relevant four-person income limit.) HUD rounds income limits up to the nearest $50. Local agencies may round income limits for nine or more persons to the.

Shiretown Apartments | Machias, ME Low Income Apartments

Eligibility is based on household size and the gross annual income of every household member, 18 years of age or older. Household income cannot exceed 60% of estimated State Median Income. You may also review the Cold Relief Brochure. You can call the Cold Relief Heatline (800) 632-8175. You can look up your city or town on the listing of. Housing Trust Fund (HTF) Rent Limits are available from FY 2016 to the present. Per 24 CFR § 93.302, HUD provides the following maximum HTF rent limits. The maximum HTF rents are: Extremely Low Income Tenants: The HTF rent plus utilities of an extremely low-income tenant shall not exceed the greater of 30 percent of the federal poverty line or. Project Based Section 8 housing is a government-funded program that provides rental housing to low-income households in privately owned and managed rental units. The subsidy stays with the building; when you move out, you no longer have the rental assistance. Most units rental cost will be 30% of your household adjusted gross income