Affd Housing Income Limits

The term "affordable housing" refers to a households ability to find housing within their financial means. Households that spend more than 30% of their income on housing are considered to experience cost burden. This term applies to all income levels. However what people typically mean when using the term is to indicate low-income or subsidized housing. Such housing is usually restricted to occupancy by households that earn less than 80% the area median income (80%AMI). The table below shows how this income target varies by household size.  Additionally many affordable low-income rentals are further restricted to households earning 60%AMI or 50% AMI. 

 

 

AFFORDABLE HOUSING GUIDELINES

May 2017 to May 2018

Income Limits by Family Size: $/year

 

Income Level                                                          Number of Persons in Family

                     1             2            3            4             5             6              7               8+
Extremely Low Income (30%) 12060 16240 20420 24600 28780 31100* 33250* 35400*
Low Income (50%) 18,800 21450 24150 26800 28950 31100 33250 35400
Income at 60% of Median 22560 25740 28980 32340 34740 37320 39900 42480
Moderate Income (80%) 30050 34350 38650 42900 46350 49800 53200 56650
Median Income (100%) 37600 42900 48300 53600 57900 62200 66500 70800
Income at 120% of Median 45120 51480 57960 64320 69480 74640 79800 84960
Income at 130% of Median 48880 55770 62790 69680 75270 80860 86450 92040
 
   
*For the Medford-Ashland Statistical Area as determined by the HUD

Due to the considerable variations regarding the terms of affordability, and income guidelines, for each specific housing unit it is necessary to contact the City's Housing Program Specialist (Linda Reid at reidl@ashland.or.us or 552-2043) with questions before renting, buying, or selling a covered affordable housing unit. 

If you have spoken with the Housing Program Specialist about the specific housing unit  you are interested in renting or buying (provided it's covered under Ashland's Program), the income verification form, including a description of what constitutes income, can be accessed via the following link: Income Verification Form.

If you are looking for housing in Ashland, this brochure should have some information to assist you in both finding housing and identifying some local resources that are available: Housing Resource Brochure

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