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pf_03274
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Last modified
10/29/2007 10:15:43 AM
Creation date
12/9/2004 7:01:28 AM
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Template:
Planning Files
Planning Files - Planning File #
3274
Planning Files - Type
Planning-Other
Additional Information
Local Housing Incentives Program
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<br />NOV-29 99 09:10 FROM: <br /> <br />TO: 6124902931 <br /> <br />PAGE: 02 <br /> <br />-'" <br />-:, <br /> <br />1999 Ownership <br /> <br />Regional Median Income = i $63,600 <br />(Family of four) <br />800/0 of Median Income =! $50,880 <br /> <br />Monthly Income = i $ 4,240 <br /> <br />FHA spendable % = 290/0 =. $1,230/mo <br /> <br />Taxes, hazard & mort. ins. = $ 288/mo <br /> <br />Available for home loan = $ 942/mo <br /> <br />Examples <br /> <br />6.75% <br />7.0 % <br />7.25010 <br /> <br />= $145,200 <br />= $141,600 <br />= $138,100 <br /> <br />Maximum FHA loan in the <br />Twin Cities is 5155,800. <br /> <br />Maximum New Construction Limit <br />permitted in the Twin Cities for <br />use of MRBs i~S134-;mg <br /> <br />"~''''''''''''''''~aa.cNN''''~~ <br />
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