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Income and asset limits for public rental housing waiting list applicants will rise by an average of 5.2% and 1.8% from April 1.
The Housing Authority estimates that 119,600 non-owner occupied households in the private sector (31.7%) will be eligible for public rental housing, a 2,700 rise.
For two- and five-person households, the income limits will increase from $10,300 and $16,300, to $10,800 and $16,900.
The asset limits for one-, two- and three-person households will rise from $173,000, $243,000 and $305,000, to $176,000, $238,000 and $310,000. Click here for details.
The current methodology for assessing the Waiting List income and asset limits was developed in 2002 following a comprehensive review.
The committee further decided in 2005 and 2006 to set asset limits for elderly households at twice the limits for non-elderly applicants, and to adjust the asset limits with reference to the Consumer Price Index (A).
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