and rent increases on an annual basis themselves based on the process historically used by COAH; IT IS on this _____________ day of _________, 2017 ORDERED as follows: 1. Income limits for all units that are part of the Municipality’s Housing Element and Fair Share Plan and for which income limits are not already established through a federal program exempted from the Uniform Housing Affordability Controls pursuant to N.J.A.C. 5:80-26.1 shall be updated by the Municipality annually within 60 days of the publication of determinations of median income by HUD as follows: (a) Regional income limits shall be established for the region that the Municipality is located within based on the median income by household size, which shall be established by a regional weighted average of the uncapped Section 8 income limits published by HUD. To compute this regional income limit, the HUD determination of median county income for a family of four is multiplied by the estimated households within the county according to the most recent decennial Census. The resulting product for each county within the housing region is summed. The sum is divided by the estimated total households from the most recent decennial Census in the Municipality’s housing region. This quotient represents the regional weighted average of median income for a household of four. The income limit for a moderate-income unit for a household of four shall be 80 percent of the regional weighted average median
and rent increases on an annual basis themselves based on the process historically used by COAH; IT IS on this _____________ day of _________, 2017 ORDERED as follows: 1. Income limits for all units that are part of the Municipality’s Housing Element and Fair Share Plan and for which income limits are not already established through a federal program exempted from the Uniform Housing Affordability Controls pursuant to N.J.A.C. 5:80-26.1 shall be updated by the Municipality annually within 60 days of the publication of determinations of median income by HUD as follows: (a) Regional income limits shall be established for the region that the Municipality is located within based on the median income by household size, which shall be established by a regional weighted average of the uncapped Section 8 income limits published by HUD. To compute this regional income limit, the HUD determination of median county income for a family of four is multiplied by the estimated households within the county according to the most recent decennial Census. The resulting product for each county within the housing region is summed. The sum is divided by the estimated total households from the most recent decennial Census in the Municipality’s housing region. This quotient represents the regional weighted average of median income for a household of four. The income limit for a moderate-income unit for a household of four shall be 80 percent of the regional weighted average median
Sample_language_for_consent_order_for_income_and_rent_increases_WM_2.docx