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INCOME VERIFICATION: <br />In order to be eligible to participate in the Access Improvement Program the following guidelines much be met. <br />Single Family Homes: <br />The total household income may not exceed 80% of the current median income per family size as listed below. The family <br />income will be verified by using a signed declaration of income verification form. <br />Family <br />Maximum Annual <br />Adjusted Gross <br />Size <br />Income <br />80% of Median <br />1 <br />$40,250 <br />2 <br />$46,000 <br />3 <br />$51,750 <br />4 <br />$57,500 <br />5 <br />$62,100 <br />6 <br />$66,700 <br />Rental Properties: <br />At least 50% of the units in the property must be occupied by low to moderate income tenants (refer to attached chart on <br />summary sheet) and rents can not exceed Fair Market Rents as determined by HUD for the Twin Cities Metropolitan Region. <br />Income verification will be necessary and may require a survey of your tenants to ascertain that they meet the income limits for <br />the program. (other options are outlined below) <br />A.HOW WILL THE FUNDING OF THIS PROJECT PRINCIPALLY BENEFIT LOW AND MODERATE INCOME* RESIDENTS OF <br />ROSEVILLE? (Briefly describe in space below; provide more detail in the narrative description of the project.) <br />How many persons/households are expected to benefit from the project? <br />How many low and moderate income persons/households will benefit? (Refer to attached summary sheet chart) <br />_____@ <80% of AMI ____ @ <60% of AMI ____ @ <50% of AMI ____ @ <30% of AMI <br />How many units are at or below the fair market rent limits? (Refer to attached summary sheet chart) <br />_____ 0 bedroom ____ 1 bedroom ____ 2 bedroom ____ 3 bedroom ____ 4 bedroom <br />2 <br /> <br />