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Property Tax Exemption for Low-income Rental Housing <br />LOW-INCOME HOUSING TAX CREDIT PROGRAM RENTS <br />The following Median Family Income (MFI) information for Lane County was <br />excerpted from the State of Oregon's Low-income Housing Tax Credit Program <br />Rents website. <br />This information is updated annually by the State of Oregon and is based on <br />HUD's published Section 8 Income Limits. <br />Using 1 person for 0 bedroom and 1.5 persons per bedroom for 1-4 bedroom <br />units, deduct utility allowances from these rents to get gross allowable rents. <br />Consult tax advisor to assure your management plan's compliance with program <br />Section 8 income limits <br /> <br />County % 0 1 2 3 4 5 Bdrm <br /> MFI Bdrm Bdrm Bdrm Bd4m Bdrm <br />Lane 50% $475 $508 $611 $705 $787 $868 <br />60% 15570 15610 15733 15846 15945 151042 <br />See the State of Oregon's Low-income Housing Tax Credit Program website for <br />more information about the rent level information: <br />http:llwww.hcs.state.or, uslhousinqllihtclindex.html <br /> <br /> <br />