Economic Means Evaluation for Low Income Households (Rental Assistance)

Economic Means Evaluation for Low Income Households (Rental Assistance)

<p> Economic Means Evaluation for Low Income Households (Rental Assistance)</p><p>Airport: Project: Sponsor: Parcel: County: Unit:</p><p>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</p><p>3. The lesser of 1 or 2 $</p><p>4. Monthly rent and utilities for comparable dwelling $</p><p>5. The difference between 3 and 4 $</p><p>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.</p><p>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</p><p>3. The lesser of 1 or 2 $</p><p>4. Monthly rent and utilities for comparable dwelling $ 5. Monthly rent and utilities for the replacement dwelling $</p><p>6. The lesser of 4 or 5 $</p><p>7. The difference between 3 and 6 $</p><p>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.</p><p>Additional comments:</p><p>Prepared by: Date:</p><p>Printed on 4/7/2018 AER 2525 (Rev. 10/01/14)</p>

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