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Annual Income Limits

The City of Monterey’s Housing Programs office administers and manages a variety of programs, each of which are subject to specific income eligibility criteria. Income eligibility for these programs is determined by comparisons with the U.S. Department of Housing and Urban Development (HUD) income limits currently in effect at the time of program application. The current income limits, adjusted for household size, are indicated below.

MAXIMUM ALLOWABLE INCOME LIMITS, PROGRAM YEAR 2024

2024 State and Federal Income Limits Memo

Annual Income Limits in PDF

California Department of Housing and Community Development (HCD) - https://www.hcd.ca.gov/
HCD-Income-Limits2024-Final

*HCD Income Limits for Monterey County cover all of the Monterey County jurisdictions, including the City of Monterey.
** HCD's 2024 Income Limits for Monterey County match HCD's CDBG Income Limits across several brackets as follows: 30% limits (excluding the 8-person household size), 50% limits, and 80% limits. 

U.S. Department of Housing and Urban Development (HUD) - https://www.hud.gov/HUD-Income-Limits2024-Final
Note: If there’s a .5 to round up to the next whole number/person.
*HUD Income Limits are based on the Salinas Metropolitan Statistical Area (MSA). This includes the City of Monterey.
Data Sources 
  1. California Department of Housing and Community Development (HCD} Income Limits 2024:
    1. HCD Income Limits 2024 (effective May 9, 2024)
    2. HCD CDBG Income Limits 2024 (effective May 1, 2024)
  2. U.S. Department of Housing and Urban Development (HUD} Income Limits 2024:
    1. HUD CDBG Income Limits 2024 (effective May 1, 2024)
      • Housing is considered affordable when housing costs do not exceed more than 30% of the household's gross income.
      • Households spending 30% or more of their gross income on housing expenses like rent or mortgage and utilities are considered cost-burdened.
      • Households spending 50% or more are classified as severely cost-burdened.