Economic Means Evaluation for Low Income Households (Rental Assistance)
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Economic Means Evaluation for Low Income Households (Rental Assistance)
Airport: Project: Sponsor: Parcel: County: Unit:
Preliminary Evaluation 1. The greater of the actual or the economic monthly rent and utilities of the displacement dwelling $ 2. 30% of gross monthly household income when $ classified as low income by HUD
3. The lesser of 1 or 2 $
4. Monthly rent and utilities for comparable dwelling $
5. The difference between 3 and 4 $
6. Amount of RHP eligibility (monthly difference x 42 mos.) $ 0=(Text87*4 * 2) * Note: If eligibility is greater than $7,200.00, process under housing of last resort procedures.
Final Evaluation 1. The greaterer of the actual or the economic monthly rent and utilities of the displacement dwelling $ 2. 30% of gross monthly household income when $ classified as low income by HUD
3. The lesser of 1 or 2 $
4. Monthly rent and utilities for comparable dwelling $ 5. Monthly rent and utilities for the replacement dwelling $
6. The lesser of 4 or 5 $
7. The difference between 3 and 6 $
8. Amount of RHP eligibility (monthly difference x 42 mos.) $ 0=(Text19*4 ** 2) ** Note: If eligibility is greater than $7,200.00, process under housing of last resort procedures.
Additional comments:
Prepared by: Date:
Printed on 4/7/2018 AER 2525 (Rev. 10/01/14)