Unit Summary

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Using data drawn from the Rents and Income section of the Template, this portion of the Summary tab shows data for four different categories of units.

• High HOME Units are acquired, rehabilitated, constructed, or otherwise assisted with HOME funds and must charge rents within the HOME Program's High HOME rent limits.
  
  
• Low HOME Units are also acquired, rehabilitated, constructed, or otherwise assisted with HOME funds and must charge rents within the HOME Program's Low HOME rent limits. For properties with five or more HOME-assisted units, at least 20 percent of those units must be designated low HOME units.
  
  
• Market Rate Units are not assisted with HOME funds and, therefore, are not subject to HOME Program rent limits.
  
  
• Other Affordable Units benefit from federal, state, or local programs, besides the HOME Program (e.g., Low Income Housing Tax Credits, other State or local affordable housing programs, etc.). Often, these units carry modified rents to make them affordable.

View Unit Characteristics for more information on these types of units.

For each type of unit described above, the Template provides the Number of Units and the Total Rents earned in Year 1.