Page 60 - Guardian Broker Questionnaire Summary Complete Package 2 2 22_Neat

Historical Rent and Income Limits Guardian Place I & II

Area Median Income Effective Income Limit Non-HERA Limit
95,000

90,000
85,000
80,000
75,000
70,000

65,000
60,000
55,000
50,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Notes
The property is located in the Richmond, VA MSA
The historical Consumer Price Index data below reflects the South Urban and is obtained from the U.S. Bureau of Labor Statistics

2013 2014 2015 2016 2017 2018 2019 2020 2021

Percent Below Effective Peak
Area Median Income 3.70% 1.89% 4.42% -1.65% 0.00% 0.00% 0.00% 0.00%
4-Person 50% Income Limit
Non-HERA 36,950 36,450 37,100 36,200 38,700 41,600 43,200 44,700 45,000
% Growth -1.35% 1.78% -2.43% 6.91% 7.49% 3.85% 3.47% 0.67%
Effective Limit 37,800 37,800 37,800 37,800 38,700 41,600 43,200 44,700 45,000
% Growth 0.00% 0.00% 0.00% 2.38% 7.49% 3.85% 3.47% 0.67%

2-Bedroom Rent at 60% AMI
Non-HERA 999 985 1002 978 1045 1123 1167 1207 1215
% Growth -1.40% 1.73% -2.40% 6.85% 7.46% 3.92% 3.43% 0.66%
Effective Limit 1021 1021 1021 1021 1045 1123 1167 1207 1215
% Growth 0.00% 0.00% 0.00% 2.35% 7.46% 3.92% 3.43% 0.66%

Historical AMI, Non-HERA, CPI, and FMR

year area Median Income non-Hera (2Br @ 60%) Consumer Price Index 2Br Fair Market rent
2011 74,600 1,008 219 958
2012 75,600 1.34% 1,021 1.29% 223 2.12% 878 -8.35%
2013 73,900 -2.25% 999 -2.15% 227 1.56% 979 11.50%
2014 72,900 -1.35% 985 -1.40% 231 1.69% 984 0.51%
2015 74,200 1.78% 1,002 1.73% 230 -0.18% 993 0.91%
2016 72,400 -2.43% 978 -2.40% 233 1.11% 966 -2.72%
2017 78,700 8.70% 1,045 6.85% 237 2.05% 1,005 4.04%
2018 83,200 5.72% 1,123 7.46% 243 2.22% 1,042 3.68%
2019 86,400 3.85% 1,167 3.92% 246 1.45% 1,067 2.40%
2020 89,400 3.47% 1,207 3.43% 249 0.96% 1,061 -0.56%
2021 90,000 0.67% 1,215 0.66% 261 5.08% 1,163 9.61%

3-Yr Avg 2.66% 2.67% 2.50% 3.82%
5-Yr Avg 4.48% 4.46% 2.35% 3.83%
10-Yr Avg 1.95% 1.94% 1.81% 2.10%

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