Thursday, March 28, 2024
Hawai'i Free Press

Current Articles | Archives

Friday, July 22, 2022
Affordable Housing: $2940 for 2br Apartment
By News Release @ 5:22 AM :: 1983 Views :: Honolulu County, Development, Cost of Living

Affordable housing income limits released for 2022

News release from DPP, July 20, 2022

HONOLULU – The Department of Planning and Permitting (DPP) has released the 2022 affordable housing income limits. They serve as guidelines in qualifying purchasers and renters for affordable units as required under various city programs.

Income limits increased 8.1 percent, on average, from 2021. This reverses a 4 percent decline from 2020 to 2021. To put the 2022 income limits in context, they are 3.7 percent higher than in 2020, which is a typical year-to-year increase.

Allowable maximum rents for affordable units increased this year by an average of 7.9 percent over 2021, but are just 0.4 percent higher than in 2020.

The affordable housing income limits and maximum rents are based on the multifamily tax subsidy project income limits set by the U.S. Department of Housing and Urban Development (HUD). The DPP’s income limits are the same as that of the Hawaii Housing Finance and Development Corporation (HHFDC), a state agency that oversees development and operation of many state-sponsored affordable units.

The DPP sets housing expenditure thresholds based on income limits to determine rent guidelines for various income groups and household sizes in Honolulu. For example, the income limit for a household of four at the median level income (100 percent area median income) in 2022 is $130,600, up from last year’s $120,800. The maximum monthly rent for this household is $2,940 for a two-bedroom unit, according to DPP calculations, up from last year’s maximum rent of $2,720.

A complete list of the 2022 affordable housing income limits and maximum rents by income groups and household size is available at https://bit.ly/3yP3agB.

---PAU---

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Moms for Liberty

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT