The Department of Housing and Urban Development has released it’s annual update to income limit calculations. These numbers factor into almost every part of AHDC’s work, and determine things like the upper income allowable in affordable units, rent prices, and more.
The Area Median Income (AMI) for a family of four in the city of Alexandria rose this year, from $117,200 to $121,300. You can see the data from HUD directly here. Based off of that value, HUD also provides a breakdown of what the cutoffs are for 30, 50, and 80% AMI brackets, reproduced below.
AHDC provides units that are available to families at cutoffs of 40, 60, and 80% AMI, and we will have an update in the following weeks to our usual infographic about these newly released limits. In the meanwhile, you can view last year’s income limits update post here, to learn more about how AMI is calculated, why the 80% AMI is not actually 80% of the stated area median income, and how where you live affects how much is “average”.