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29.TENANT FINANCIAL CERTIFICATIONS. Owner shall obtain income information from <br /> each prospective Low- or Very Low-Income Tenant, prior to admission to the <br /> residential unit, and issue a certification of income ("Certification"). Owner shall <br /> annually submit Certification for tenants for all HOME funded residential units. Owner <br /> shall obtain documentation which supports the Certification, and shall retain such <br /> documentation and Certification for a minimum of five years. Owner shall permit <br /> annual or bi-annual inspections of all units by employees, agents, or representatives of <br /> City. As required under 24 CFR 92.252(f)(2), the City will review the Certifications for <br /> compliance each year and approve or disapprove the Certification each year. <br /> 30.MAXIMUM RENTS. The applicable maximum rents which Owner may charge for units <br /> on the property subject to this agreement shall be as stated on the chart below, as <br /> modified annually by HUD: <br /> 2021 HOME Pro ram Rents <br /> PROGRAM Efficiency 1 BR 2BR 3BR 4BR 5BR 6BR <br /> Low HOME <br /> Rent Limit 509 614 772 927 1035 1141 1247 <br /> High HOME <br /> Rent Limit 509 614 772 1069 1111 1278 1444 <br /> FMR 509 614 772 1069 1111 1278 1444 <br /> 50%Rent <br /> Limit 625 669 802 927 1035 1141 1247 <br /> 65%Rent <br /> Limit 791 849 1022 1172 1288 1402 1516 <br /> The applicable maximum household income levels for households eligible to rent units in <br /> the subject property shall be as stated in the chart below, as modified annually by HUD: <br /> DECATUR,ILLINOIS <br /> FY 2021 Adjusted HOME Income <br /> Adjusted according to family size <br /> The following 2021 Adjusted HOME Income is based on statistical calculations made by HUD for the City <br /> of Decatur. The income presented at 30%, 50%, 60%, and 80% is effective June 1,2021. <br /> Family <br /> Size 1 2 3 4 5 6 7 8 <br /> 30% 14,450 16,500 18,550 20,600 22,250 23,900 25,550 27,200 <br /> Limits <br /> Very Low 24,050 27,500 30,950 34,350 37,100 39,850 42,600 45,350 <br /> Income <br /> 60% 28,860 33,000 37,140 41,220 44,520 47,820 51,120 54,420 <br /> Limits <br /> Low 38,500 44,000 49,500 59,450 59,350 63,750 68,150 72,550 <br /> Income <br /> 8 <br />