The following chart demonstrates sample HOME and LIHTC rents for St. Paul, MN in 2002. Remember the following key points:

• The Low HOME rent is the lesser of (1) 30 percent of the monthly income of a household at 50 percent of AMI, adjusted for unit size and tenant-paid utilities; or (2) the High HOME rent.
  
  
• The High HOME rent is the lesser of (1) 30 percent of the monthly income of a household at 65 percent of AMI, adjusted for unit size and tenant-paid utilities; or (2) the FMR.
  
  
• LIHTC rent limits, like HOME rent limits, are based on AMI and are adjusted by unit size and tenant-paid utilities.
  
  
• For units subsidized under both programs, the stricter (i.e., lower) rent limit applies.

Rent Calculations for St. Paul, MN

	Information Used to Calculate HOME Rents			HOME Rents		LIHTC Rents
Bedroom Size	50% HOME	65% HOME	FMR	Low HOME Rent	High HOME Rent	50% LIHTC	60% LIHTC
0 1 2 3 4	671 719 862 996 1112	852 915 1099 1262 1388	524 674 862 1166 1321	524 674 862 996 1112	524 674 862 1116 1321	671 719 862 996 1112	739 863 1035 1196 1335

Note: The High HOME rent cannot be more than the FMR, and the Low HOME rent cannot be more than the High HOME rent. Thus, in cases where the High HOME rent is capped by the FMR, the High and Low HOME rents may be equal.