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ATTACHMENT D <br /> <br /> <br />20 Year Low-income Rental Housing Property Tax Exemption <br /> <br />LOW-INCOME HOUSING TAX CREDIT PROGRAM RENTS <br /> <br /> <br />The following Median Family Income (MFI) information for Lane County was excerpted <br />from the State of Oregon’s Low-income Housing Tax Credit Program Rents website. <br /> <br />This information is updated annually by the State of Oregon and is based on HUD’s <br />published Section 8 Income Limits. <br /> <br />Using 1 person for 0 bedroom and 1.5 persons per bedroom for 1-4 bedroom units, <br />deduct utility allowances from these rents to get gross allowable rents. Consult tax <br />advisor to assure your management plan’s compliance with program Section 8 income <br />limits by county. <br /> <br /> <br />Rents based on Actual Income Limits 2012 <br />% MFI 0 Bdrm 1 Bdrm 2 Bdrm 3 Bdrm 4 Bdrm 5 Bdrm <br />30% $311 $333 $399 $462 $515 $568 <br />35% $363 $388 $466 $539 $601 $663 <br />40% $415 $444 $533 $616 $687 $758 <br />45% $466 $500 $599 $693 $772 $853 <br />50% $518 $555 $666 $770 $858 $948 <br />55% $570 $611 $732 $847 $944 $1,042 <br />60% $622 $666 $799 $924 $1,030 $1,137 <br />80% $830 $889 $1,066 $1,232 $1,374 $1,517 <br /> <br /> <br /> <br />See the State of Oregon’s Low-income Housing Tax Credit Program website for more <br />information about the rent level information: <br /> <br />http://www.ohcs.oregon.gov/OHCS/APMD/HPM/docs/2012/Lane_2012IncomeLimits.pdf <br /> <br />