Haw. Code R. § tit. 15, Hawaii Housing Finance and Development Corporation, ch. 186, exh. 1
Income limits are calculated using a set of formula relationships. The first step in calculating he income limits is to calculate a four-person income limit equal to 50 per cent of the estimated area median income (or very low-income limit) which is determined . by the U.S. Department of Housing and Urban Development. The HUD estimates of median family income are based on the most recent census date estimates updated with a combination of local Bureau of Labor statistics data and census divisional data. Separate median family income estimates are calculated for all Metropolitan Statistical Areas, Primary Metropolitan Statistical Areas and Metropolitan Counties.
1. 50 per cent of the area median family income is calculated and set as the preliminary four-person family income limit;
2. If it is lower, the four-person income limit is increased to the amount at which 35 per cent of it equals 85 per cent of the annualized two-bedroom Section 8 FMR (this adjusts income limits upward for areas where rental housing costs are unusually high in relation to the median income.
3. If it is higher, the four-person income limit is reduced to the amount at which 30 per cent of it equals 120 per cent of the two-bedroom FMR (this adjusts income limits downward for areas where rental housing costs are unusually low in relation to the median income);
4. To minimize program management problems, income limits are being held at the most recent fiscal year levels in areas where the FMR reductions would have resulted in lower income limits; and
5. In no instance are income limits less than if based on the State non-metropolitan median family income level.
60 Percent of Median Income Limits
The 60 percent income limits are calculated as 120 percent of the very low-income limits.
Family Size Adjustments:
Family size adjustments are made to provide higher income limits for larger families and lower income limits for smaller families. The factors used are as follows:
Number of Persons in Family and Percentage Adjustments
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| 70% | 180% | 90% | Base | 108% | 116% | 124% | 132% |
Income limits for families with more than eight persons are not included in the printed lists because of space limitations. For each person in excess of eight, 8 percent of the four-person base should be added to the eight-person income limit. (For example, the nine-person limit equals 140 percent [132 + 8] of the relevant four-person income limit.) All income limits are rounded to the nearest $50 to reduce administrative burden.
Income Limits for Admissions and Continued Occupancy
Based upon the foregoing methodology, the following table sets forth the calculated income limits for admissions and continued occupancy in State-aided elderly public housing. These income limits are adjusted periodically whenever the HUD estimates of area median income are revised and are, therefore, subject to change.
Income and Asset Limits for Admission
(Effective DEC 01 2003)
| 1 Person | 2 Persons | 3 Persons | 4 Persons | 5 Persons | 6 Persons | 7 Persons | 8 Persons | |
| City & County of Honululu | $27,360 | $31,320 | $35,220 | $39,120 | $42,240 | $45,360 | $48,480 | $51,66 |
| Country of Hawaii | 23,160 | 26,460 | 29,760 | 33,060 | 35,700 | 38,340 | 40,980 | 43,620 |
| Country of Kauai | 27,120 | 31,020 | 34,860 | 38,760 | 41,880 | 44,940 | 48,060 | 51,180 |
| Country of Maui | 28,500 | 32,580 | 36,660 | 40,740 | 43,980 | 47,280 | 50,520 | 53,760 |
Haw. Code R. tit. 15, Hawaii Housing Finance and Development Corporation, ch. 186, exh. 1