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Area MEDIAN INCOME CALCULATION

Where do I look up AMI?

Area Median Income (AMI) is based on your household size, the county you live in, and your total household income.

 

On your SAFHR application, you will need to note whether your AMI falls in the 0-30%, 30-50%, or 50-80% range.  If your total household income exceeds 80% of AMI, you are not eligible for SAFHR for Renters.  Other programs may be available however - check here.

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How is household Income defined?

Estimated household income should be based on the average income for the most recent 30 days, or the household’s 2020 annual income if a tenant is not income eligible based on the most recent 30 day estimated income.

 

Income estimates must include income for ALL household members over 18 years of age. If a household member has zero income, they can report this on the SAFHR application. You will be expected to upload two months of income documentation for the most recent 30 days, or an IRS form 1040 if 2020 annual income is selected.

 

Income includes, but is not limited to:

  • Gross income before taxes and deductions (including commissions, tips, bonuses, fees)

  • Payments from Social Security, annuities, retirement funds, pensions, disability and other similar types of periodic payments

  • Payment in lieu of earnings such as unemployment, disability compensation, social security income, social security disability insurance, and worker’s compensation

  • Monthly Income from government agencies excluding amounts designated for shelter, utilities, WIC, food stamps, and childcare

  • Alimony, child support and foster care payments

  • All basis pay, special day and allowances of a member of the Armed Forces excluding special pay for exposure to hostile fire

  • Sales from self-employed resources

  • Net income earned from operation of a business

  • Monthly interest and dividend income

Income DOES NOT include the following:

  • Income from government agencies designated for shelter, utilities, WIC, food stamps, and childcare

  • March and December 2020 federal individual stimulus payments are not considered income

Income should be calculated based on gross income (income received before taxes or deductions), unless income is earned from operation of a business. Income estimates should be annualized using the following calculations:

  • Hourly wages should be calculated by the number of hours worked per year (2,080 hours for full-time employment with a 40-hour week and no overtime);

  • Weekly wages by 52;

  • Bi-weekly wages (paid every other week) by 26;

  • Semi-monthly wages (paid twice each month) by 24; and

  • Monthly wages by 12.

 

To annualize other than full-time income, multiply the wages by the actual number of hours or weeks the person is expected to work.