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Maximum Affordable Sales Prices
Affordable Housing Maximum Sales Prices
Effective May 15, 2023 until MFI is updated by HUD in 2024
| 0 - 50% | 50% - 80% | 80% - 120% | Over 120% | |
| Studio | $82,674 | $178,858 | $275,400 | No set price |
| 1 Bedroom | $97,263 | $210,421 | $324,000 | No set price |
| 2 Bedroom | $111,158 | $240,526 | $370,211 | No set price |
| 3 Bedroom | $124,842 | $270,737 | $416,526 | No set price |
(Link) Maximum Sales Price Chart for Printing (PDF)
Maximum sales prices of homes in the Affordable and Workforce categories are for newly constructed units. They are based on the following assumptions:
- 5% down payment and 5.37% mortgage interest (20 year average rate for 30 year mortgage)
- 30% of a household’s income towards housing costs
- Based on the Mid-range of each income range. For example, the mid-range of the 50 - 80% income range is 65% (see chart, below)
- One person per bedroom