Financial Feasibility Analysis
AFFORDABILITY
ASSOCIATES INC
FY 2020 Income Limits Summary - Nashua, NH
Household Size
a... ee
WHAT IS AFFORDABILITY? ~~ [a-rerson | 2-Person | 3-Person | a-Person | 5-Person | 6-Person |
30% of AMI $23,050 $26,350 $29,650 $32,900 $35,550 $38,200
¢ Housing affordability is a term of relativity,
not absolute 40% of AMI $30,720 $35,080 $39,480 $43,840 $47,360 $50,880
¢ HUD defines affordability as spending 30%
’ . 50% of AMI $38,400 $43,850 $49,350 $54,800 $59,200 $63,600
or less of gross income on housing and select
utilities 60% of AMI $46,080 $52,620 $59,220 $65,760 $71,040 $76,320
¢ Ahousehold’s income (and size) affects what
meets this threshold 65% of AMI $49,920 $57,005 $64,155 $71,240 $76,960 $82,680
70% of AMI $53,760 $61,390 $69,090 $76,720 $82,880 $89,040
¢ The income ranges typically used for HUD
housing programs (i.e., HOME funds) are 80% of AMI $55,950 $63,950 $71,950 $79,900 $86,300 $92,700
based on a regional income analysis
~ ; 100% of AMI $76,800 $87,700 $98,700 $109,600 $118,400 $127,200
¢ Within Nashua, it is defined by the greater
Nashua- Hillsborough market 110% of AMI $84,480 $96,470 $108,570 $120,560 $130,240 $139,920
120% of AMI $92,160 $105,240 $118,440 $131,520 $142,080 $152,640
140% of AMI $107,520 $122,780 $138,180 $153,440 $165,760 $178,080
