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Income and Asset Limits

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Housing & Community InvestmentHousing assistance programs for individuals and families have income and asset limits that households must be at or below to be considered eligible for a program. These limits are determined each year by the Department of Housing and Urban Development. Please contact Molly McElroy at molly.mcelroy@longmontcolorado.gov, or (303) 774-4648 if you have any questions about how the income and asset limits apply to your situation.

 

2018 Maximum Income Limits for Housing Programs

 

% of Area Median Income Household Size
1 2 3 4 5 6 7 8
Use the below maximum income limits for these programs: Down Payment Assistance Loan (repayment), General Housing Rehabilitation Loan (repayment), and Architectural Barrier Removal Program
80% $50,350 $57,550 $64,750 $71,900 $77,700 $83,450 $89,200 $94,950
Use the below maximum income limits for these programs: Down Payment Assistance Loan (deferred), Emergency Grant, Mobile Home Repair; General Housing Rehabilitation Loan (deferred)
50% $38,050 $43,450 $48,900 $54,300 $58,650 $63,000 $67,350 $71,700









 

 2018 Maximum Asset Limits for Housing Programs

Household Size
1 2 3 4 5 6 7 8
For All Programs $50,350 $57,550 $64,750 $71,900 $77,700 $83,450 $89,200 $94,950









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