Village Park

PERSONS

30% OF AMI*

VERY LOW**

80% LOW***

95% OF AMI*

1

$17,950

$29,900

$47,850

$56,810

2

$20,500

$34,200

$54,650

$64,980

3

$23,050

$38,450

$61,500

$73,055

4

$26,200

$42,700

$68,300

$81,130

5

$30,680

$46,150

$73,800

$87,685

6

$35,160

$49,550

$79,250

$94,145

7

$39,640

$52,950

$84,700

$100,605

8

$44,120

$56,400

$90,200

$107,160

*     Defined as 30% of the median family income for the area as determined by HUD for the

      Section 8 program for ELI tracking.

**    Defined as 50% of the median family income for the area as determined by HUD for the

      Section 8 program

***  Defined as 80% of the median family income for the area as determined by HUD for the

     Section 8 program

FMRs-Amherst, MA

Section 8 Contract Rent

2020

Effective: 10/1/20

1BR

$875

1BR

$1,057

2BR

$1,115

2BR

$1,368

3BR

$1,605

Moderate Income households will pay the lowest of 1) 30% of adjusted income,

or 2) Fair Market Rent (FMR), or 3) Project Specific Rent (PSR).

MINIMUM RENTS-EFFECTIVE 3/6/15

Median Income Limit

Household Size

80% Median Income

Minimum Rent

Existing Residents:

1

$47,850

$1,196

In the event the income of a moderate income resident

2

$54,650

$1,366

decreases below 80% AMI, and Section 8 assistance is

3

$61,500

$1,538

not available, the minimum rent will be charged UNLESS

4

$68,300

$1,708

the PSR or FMR is lower than the minimum rent

5

$73,800

$1,845

6

$79,250

$1,981

7

$84,700

$2,118

* RCS indicated $930 for 1 BR; HUD apprasier lowered to $800, accepted by MassHousing