Selecting any of the buttons labeled "Explanation" will display detailed calculation steps for each of the various parameters.
|FY 2018 Income Limit Area||Median Family Income||FY 2018 Income Limit Category||Persons in Family|
|Iberia Parish, LA HUD Metro FMR Area||$57,600||Very Low (50%) Income Limits ($)||20,200||23,050||25,950||28,800||31,150||33,450||35,750||38,050|
|Extremely Low Income Limits ($)*||12,150||16,460||20,780||25,100||29,420||33,450*||35,750*||38,050*|
|Low (80%) Income Limits ($)||32,300||36,900||41,500||46,100||49,800||53,500||57,200||60,900|
NOTE: Iberia Parish is part of the Iberia Parish, LA HUD Metro FMR Area, so all information presented here applies to all of the Iberia Parish, LA HUD Metro FMR Area. HUD generally uses the Office of Management and Budget (OMB) area definitions in the calculation of income limit program parameters. However, to ensure that program parameters do not vary significantly due to area definition changes, HUD has used custom geographic definitions for the Iberia Parish, LA HUD Metro FMR Area.
The Iberia Parish, LA HUD Metro FMR Area contains the following areas: Iberia Parish, LA;
* The FY 2014 Consolidated Appropriations Act changed the definition of extremely low-income to be the greater of 30/50ths (60 percent) of the Section 8 very low-income limit or the poverty guideline as established by the Department of Health and Human Services (HHS), provided that this amount is not greater than the Section 8 50% very low-income limit. Consequently, the extremely low income limits may equal the very low (50%) income limits.
Income Limit areas are based on FY 2018 Fair Market Rent (FMR) areas. For information on FMRs, please see our associated FY 2018 Fair Market Rent documentation system.
For last year's Median Family Income and Income Limits, please see here: