26 CFR 6a.103A-2: Qualified mortgage bond
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Internal Revenue Bulletin › IRB 2019 › Revenue Procedure › Rev. Proc. 2019-14
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26 CFR 6a.103A-2: Qualified mortgage bond
Rev. Proc. 2019-14
SECTION 1. PURPOSE
This revenue procedure provides issuers of qualified mortgage bonds, as defined
in section 143(a) of the Internal Revenue Code (Code), and issuers of mortgage credit
certificates, as defined in section 25(c), with (1) the nationwide average purchase price
for residences located in the United States, and (2) average area purchase price safe
harbors for residences located in statistical areas in each state, the District of Columbia,
Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands, and
Guam.
SECTION 2. BACKGROUND
.01 Section 103(a) provides that, except as provided in section 103(b), gross
income does not include interest on any state or local bond. Section 103(b)(1) provides
that section 103(a) shall not apply to any private activity bond that is not a "qualified
bond" within the meaning of section 141. Section 141(e) provides, in part, that the term
"qualified bond" means any private activity bond if such bond (1) is a qualified mortgage
bond under section 143, (2) meets the volume cap requirements under section 146, and
(3) meets the applicable requirements under section 147.
2
.02 Section 143(a)(1) provides that the term "qualified mortgage bond" means a
bond that is issued as part of a qualified mortgage issue. Section 143(a)(2)(A) provides
that the term "qualified mortgage issue" means an issue of one or more bonds by a
state or political subdivision thereof, but only if: (i) all proceeds of the issue (exclusive of
issuance costs and a reasonably required reserve) are to be used to finance owner-
occupied residences; (ii) the issue meets the requirements of subsections (c), (d), (e),
ortgage issue. Section 143(a)(2)(A) provides
that the term "qualified mortgage issue" means an issue of one or more bonds by a
state or political subdivision thereof, but only if: (i) all proceeds of the issue (exclusive of
issuance costs and a reasonably required reserve) are to be used to finance owner-
occupied residences; (ii) the issue meets the requirements of subsections (c), (d), (e),
(f), (g), (h), (i), and (m)(7) of section 143; (iii) the issue does not meet the private
business tests of paragraphs (1) and (2) of section 141(b); and (iv) with respect to
amounts received more than 10 years after the date of issuance, repayments of
$250,000 or more of principal on mortgage financing provided by the issue are used by
the close of the first semiannual period beginning after the date the prepayment (or
complete repayment) is received to redeem bonds that are part of the issue.
Average Area Purchase Price
.03 Section 143(e)(1) provides that an issue of bonds meets the purchase price
requirements of section 143(e) if the acquisition cost of each residence financed by the
issue does not exceed 90 percent of the average area purchase price applicable to
such residence. Section 143(e)(5) provides that, in the case of a targeted area
residence (as defined in section 143(j)), section 143(e)(1) shall be applied by
substituting 110 percent for 90 percent.
.04 Section 143(e)(2) provides that the term "average area purchase price"
means, with respect to any residence, the average purchase price of single-family
residences (in the statistical area in which the residence is located) that were purchased
during the most recent 12-month period for which sufficient statistical information is
3
available. Under sections 143(e)(3) and (4), respectively, separate determinations are
to be made for new and existing residences, and for two-, three-, and four-family
residences
ge purchase price of single-family
residences (in the statistical area in which the residence is located) that were purchased
during the most recent 12-month period for which sufficient statistical information is
3
available. Under sections 143(e)(3) and (4), respectively, separate determinations are
to be made for new and existing residences, and for two-, three-, and four-family
residences.
.05 Section 143(e)(2) provides that the determination of the average area
purchase price for a statistical area shall be made as of the date on which the
commitment to provide the financing is made or, if earlier, the date of the purchase of
the residence.
.06 Section 143(k)(2)(A) provides that the term "statistical area" means (i) a
metropolitan statistical area (MSA), and (ii) any county (or the portion thereof) that is not
within an MSA. Section 143(k)(2)(C) further provides that if sufficient recent statistical
information with respect to a county (or portion thereof) is unavailable, the Secretary
may substitute another area for which there is sufficient recent statistical information for
such county (or portion thereof). In the case of any portion of a State which is not within
a county, section 143(k)(2)(D) provides that the Secretary may designate as a county
any area that is the equivalent of a county. Section 6a.103A-1(b)(4)(i) of the Income
Tax Regulations (issued under section 103A of the Internal Revenue Code of 1954, the
predecessor of section 143 of the Code) provides that the term “State” includes a
possession of the United States and the District of Columbia.
.07 Section 6a.103A-2(f)(5)(i) provides that an issuer may rely upon the average
area purchase price safe harbors published by the Department of the Treasury
(Treasury Department) for the statistical area in which a residence is located
e of 1954, the
predecessor of section 143 of the Code) provides that the term “State” includes a
possession of the United States and the District of Columbia.
.07 Section 6a.103A-2(f)(5)(i) provides that an issuer may rely upon the average
area purchase price safe harbors published by the Department of the Treasury
(Treasury Department) for the statistical area in which a residence is located. Section
6a.103A-2(f)(5)(i) further provides that an issuer may use an average area purchase
price limitation different from the published safe harbor if the issuer has more accurate
4
and comprehensive data for the statistical area.
Qualified Mortgage Credit Certificate Program
.08 Section 25(c) permits a state or political subdivision to establish a qualified
mortgage credit certificate program. In general, a qualified mortgage credit certificate
program is a program under which the issuing authority elects not to issue an amount of
private activity bonds that it may otherwise issue during the calendar year under section
146, and in their place, issues mortgage credit certificates to taxpayers in connection
with the acquisition of their principal residences. Section 25(a)(1) provides, in general,
that the holder of a mortgage credit certificate may claim a federal income tax credit
equal to the product of the credit rate specified in the certificate and the interest paid or
accrued during the tax year on the remaining principal of the indebtedness incurred to
acquire the residence. Section 25(c)(2)(A)(iii)(III) generally provides that residences
acquired in connection with the issuance of mortgage credit certificates must meet the
purchase price requirements of section 143(e).
Income Limitations for Qualified Mortgage Bonds and Mortgage Credit Certificates
.09 Section 143(f) imposes limitations on the income of mortgagors for whom
financing may be provided by qualified mortgage bonds
)(A)(iii)(III) generally provides that residences
acquired in connection with the issuance of mortgage credit certificates must meet the
purchase price requirements of section 143(e).
Income Limitations for Qualified Mortgage Bonds and Mortgage Credit Certificates
.09 Section 143(f) imposes limitations on the income of mortgagors for whom
financing may be provided by qualified mortgage bonds. In addition, section
25(c)(2)(A)(iii)(IV) provides that holders of mortgage credit certificates must meet the
income requirement of section 143(f). Generally, under sections 143(f)(1) and
25(c)(2)(A)(iii)(IV), the income requirement is met only if all owner-financing under a
qualified mortgage bond and all mortgage credit certificates issued under a qualified
mortgage credit certificate program are provided to mortgagors whose family income is
115 percent or less of the applicable median family income. Section 143(f)(5), however,
5
generally provides for an upward adjustment to the percentage limitation in high housing
cost areas. High housing cost areas are defined in section 143(f)(5)(C) as any
statistical area for which the housing cost/income ratio is greater than 1.2.
.10 Under section 143(f)(5)(D), the housing cost/income ratio with respect to any
statistical area is determined by dividing (a) the applicable housing price ratio for such
area by (b) the ratio that the area median gross income for such area bears to the
median gross income for the United States. The applicable housing price ratio is the
new housing price ratio (new housing average area purchase price divided by the new
housing average purchase price for the United States) or the existing housing price ratio
(existing housing average area purchase price divided by the existing housing average
purchase price for the United States), whichever results in the housing cost/income ratio
being closer to 1
housing price ratio is the
new housing price ratio (new housing average area purchase price divided by the new
housing average purchase price for the United States) or the existing housing price ratio
(existing housing average area purchase price divided by the existing housing average
purchase price for the United States), whichever results in the housing cost/income ratio
being closer to 1.
Average Area and Nationwide Purchase Price Limitations
.11 Average area purchase price safe harbors for each state, the District of
Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin
Islands, and Guam were last published in Rev. Proc. 2018-28, 2018-20 I.R.B. 592.
.12 The nationwide average purchase price limitation was last published in
section 4.02 of Rev. Proc. 2018-28. Guidance with respect to the United States and
area median gross income figures that are to be used in computing the housing
cost/income ratio described in section 143(f)(5) was last published in Rev. Proc. 2018-
33, 2018-22 I.R.B. 734.
.13 This revenue procedure uses FHA loan limits for a given statistical area to
calculate the average area purchase price safe harbor for that area. FHA sets limits on
6
the dollar value of loans it will insure based on median home prices and conforming
loan limits established by the Federal Home Loan Mortgage Corporation. In particular,
FHA sets an area's loan limit at 95 percent of the median home sales price for the area,
subject to certain floors and caps measured against conforming loan limits.
.14 To calculate the average area purchase price safe harbors in this revenue
procedure, the FHA loan limits are adjusted to take into account the differences
between average and median purchase prices. Because FHA loan limits do not
differentiate between new and existing residences, this revenue procedure contains a
single average area purchase price safe harbor for both new and existing residences in
a statistical area
rea purchase price safe harbors in this revenue
procedure, the FHA loan limits are adjusted to take into account the differences
between average and median purchase prices. Because FHA loan limits do not
differentiate between new and existing residences, this revenue procedure contains a
single average area purchase price safe harbor for both new and existing residences in
a statistical area. The Treasury Department and the Internal Revenue Service (IRS)
have determined that FHA loan limits provide a reasonable basis for determining
average area purchase price safe harbors. If the Treasury Department and the IRS
become aware of other sources of average purchase price data, including data that
differentiate between new and existing residences, consideration will be given as to
whether such data provide a more accurate method for calculating average area
purchase price safe harbors.
.15 The average area purchase price safe harbors listed in section 4.01 of this
revenue procedure are based on FHA loan limits released December 14, 2018. FHA
loan limits are available for statistical areas in each state, the District of Columbia,
Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands, and
Guam. See section 3.03 of this revenue procedure with respect to FHA loan limits
revised after December 14, 2018.
.16 OMB Bulletin No. 03-04, dated and effective June 6, 2003, revised the
7
definitions of the nation’s metropolitan areas and recognized 49 new metropolitan
statistical areas. The OMB bulletin no longer includes primary metropolitan statistical
areas.
SECTION 3. APPLICATION
Average Area Purchase Price Safe Harbors
.01 Average area purchase price safe harbors for statistical areas in each state,
the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa,
the Virgin Islands, and Guam are set forth in section 4.01 of this revenue procedure
The OMB bulletin no longer includes primary metropolitan statistical
areas.
SECTION 3. APPLICATION
Average Area Purchase Price Safe Harbors
.01 Average area purchase price safe harbors for statistical areas in each state,
the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa,
the Virgin Islands, and Guam are set forth in section 4.01 of this revenue procedure.
Average area purchase price safe harbors are provided for single-family and two to
four-family residences. For each type of residence, section 4.01 of this revenue
procedure contains a single safe harbor that may be used for both new and existing
residences. Issuers of qualified mortgage bonds and issuers of mortgage credit
certificates may rely on these safe harbors to satisfy the requirements of sections
143(e) and (f). Section 4.01 of this revenue procedure provides safe harbors for MSAs
and for certain counties and county equivalents. If no purchase price safe harbor is
available for a statistical area, the safe harbor for "ALL OTHER AREAS" may be used
for that statistical area.
.02 If a residence is in an MSA, the safe harbor applicable to it is the limitation of
that MSA. If an MSA falls in more than one state, the MSA is listed in section 4.01 of
this revenue procedure under each state.
.03 If the FHA revises the FHA loan limit for any statistical area after December
14, 2018, an issuer of qualified mortgage bonds or mortgage credit certificates may use
the revised FHA loan limit for that statistical area to compute (as provided in the next
8
sentence) a revised average area purchase price safe harbor for the statistical area
provided that the issuer maintains records evidencing the revised FHA loan limit. The
revised average area purchase price safe harbor for that statistical area is computed by
dividing the revised FHA loan limit by .9999
the revised FHA loan limit for that statistical area to compute (as provided in the next
8
sentence) a revised average area purchase price safe harbor for the statistical area
provided that the issuer maintains records evidencing the revised FHA loan limit. The
revised average area purchase price safe harbor for that statistical area is computed by
dividing the revised FHA loan limit by .9999.
.04 If, pursuant to section 6a.103A-2(f)(5)(i), an issuer uses more accurate and
comprehensive data to determine the average area purchase price for a statistical area,
the issuer must make separate average area purchase price determinations for new
and existing residences. Moreover, when computing the average area purchase price
for a statistical area that is an MSA, as defined in OMB Bulletin No. 03-04, the issuer
must make the computation for the entire applicable MSA. When computing the
average area purchase price for a statistical area that is not an MSA, the issuer must
make the computation for the entire statistical area and may not combine statistical
areas. Thus, for example, the issuer may not combine two or more counties.
.05 If an issuer receives a ruling permitting it to rely on an average area purchase
price limitation that is higher than the applicable safe harbor in this revenue procedure,
the issuer may rely on that higher limitation for the purpose of satisfying the
requirements of section 143(e) and (f) for bonds sold, and mortgage credit certificates
issued, not more than 30 months following the termination date of the 12-month period
used by the issuer to compute the limitation.
Nationwide Average Purchase Price
.06 Section 4.02 of this revenue procedure sets forth a single nationwide average
purchase price for purposes of computing the housing cost/income ratio under section
143(f)(5)
for bonds sold, and mortgage credit certificates
issued, not more than 30 months following the termination date of the 12-month period
used by the issuer to compute the limitation.
Nationwide Average Purchase Price
.06 Section 4.02 of this revenue procedure sets forth a single nationwide average
purchase price for purposes of computing the housing cost/income ratio under section
143(f)(5).
9
.07 Issuers must use the nationwide average purchase price set forth in section
4.02 of this revenue procedure when computing the housing cost/income ratio under
section 143(f)(5) regardless of whether they are relying on the average area purchase
price safe harbors contained in this revenue procedure or using more accurate and
comprehensive data to determine average area purchase prices for new and existing
residences for a statistical area that are different from the published safe harbors in this
revenue procedure.
.08 If, pursuant to section 6.02 of this revenue procedure, an issuer relies on the
average area purchase price safe harbors contained in Rev. Proc. 2018-28, the issuer
must use the nationwide average purchase price set forth in section 4.02 of Rev. Proc.
2018-28 in computing the housing cost/income ratio under section 143(f)(5). Likewise,
if, pursuant to section 6.04 of this revenue procedure, an issuer relies on the nationwide
average purchase price published in Rev. Proc. 2018-28, the issuer may not rely on the
average area purchase price safe harbors published in this revenue procedure.
SECTION 4. AVERAGE AREA AND NATIONWIDE AVERAGE PURCHASE PRICES
.01 Average area purchase prices for single-family and two to four-family
residences in MSAs, and for certain counties and county equivalents are set forth
below. The safe harbor for “ALL OTHER AREAS” (found at the end of the table below)
may be used for a statistical area that is not listed below
hed in this revenue procedure.
SECTION 4. AVERAGE AREA AND NATIONWIDE AVERAGE PURCHASE PRICES
.01 Average area purchase prices for single-family and two to four-family
residences in MSAs, and for certain counties and county equivalents are set forth
below. The safe harbor for “ALL OTHER AREAS” (found at the end of the table below)
may be used for a statistical area that is not listed below.
2019 Average Area Purchase Prices for Mortgage Revenue Bonds
County Name
State
One-Unit
Limit
Two-Unit
Limit
Three-
Unit Limit
Four-Unit
Limit
HALE
AL
$331,206
$424,007
$512,509
$636,911
PICKENS
AL
$331,206
$424,007
$512,509
$636,911
10
TUSCALOOSA
AL
$331,206
$424,007
$512,509
$636,911
ALEUTIANS WEST
AK
$385,256
$493,208
$596,160
$740,862
ANCHORAGE MUNIC
AK
$401,357
$513,809
$621,060
$771,863
JUNEAU CITY AND
AK
$455,408
$583,010
$704,712
$875,765
KETCHIKAN GATEW
AK
$369,156
$472,558
$571,260
$709,912
KODIAK ISLAND B
AK
$407,107
$521,159
$629,961
$782,913
MATANUSKA-SUSIT
AK
$401,357
$513,809
$621,060
$771,863
NOME CENSUS ARE
AK
$391,007
$500,558
$605,060
$751,913
NORTH SLOPE BOR
AK
$332,356
$425,457
$514,309
$639,161
PETERSBURG CENS
AK
$332,356
$425,457
$514,309
$639,161
SITKA CITY AND
AK
$486,458
$622,760
$752,763
$935,516
SKAGWAY MUNICIP
AK
$415,157
$531,459
$642,411
$798,363
WRANGELL CITY A
AK
$332,356
$425,457
$514,309
$639,161
YAKUTAT CITY AN
AK
$420,907
$538,809
$651,311
$809,464
COCONINO
AZ
$362,256
$463,758
$560,559
$696,662
ALAMEDA
CA
$726,537
$930,316
$1,124,494
$1,397,423
ALPINE
CA
$463,458
$593,310
$717,162
$891,265
AMADOR
CA
$350,756
$449,008
$542,759
$674,511
CALAVERAS
CA
$373,756
$478,458
$578,360
$718,762
CONTRA COSTA
CA
$726,537
$930,316
$1,124,494
$1,397,423
EL DORADO
CA
$552,009
$706,662
$854,214
$1,061,568
HUMBOLDT
CA
$333,506
$426,957
$516,059
$641,361
INYO
CA
$369,156
$472,558
$571,
930,316
$1,124,494
$1,397,423
ALPINE
CA
$463,458
$593,310
$717,162
$891,265
AMADOR
CA
$350,756
$449,008
$542,759
$674,511
CALAVERAS
CA
$373,756
$478,458
$578,360
$718,762
CONTRA COSTA
CA
$726,537
$930,316
$1,124,494
$1,397,423
EL DORADO
CA
$552,009
$706,662
$854,214
$1,061,568
HUMBOLDT
CA
$333,506
$426,957
$516,059
$641,361
INYO
CA
$369,156
$472,558
$571,260
$709,912
LOS ANGELES
CA
$726,537
$930,316
$1,124,494
$1,397,423
MARIN
CA
$726,537
$930,316
$1,124,494
$1,397,423
MARIPOSA
CA
$322,005
$412,207
$498,258
$619,260
MENDOCINO
CA
$409,407
$524,109
$633,511
$787,313
MONO
CA
$529,009
$677,211
$818,614
$1,017,317
MONTEREY
CA
$652,061
$834,764
$1,009,017
$1,253,971
NAPA
CA
$726,537
$930,316
$1,124,494
$1,397,423
NEVADA
CA
$486,458
$622,760
$752,763
$935,516
ORANGE
CA
$726,537
$930,316
$1,124,494
$1,397,423
PLACER
CA
$552,009
$706,662
$854,214
$1,061,568
PLUMAS
CA
$336,956
$431,357
$521,409
$648,011
RIVERSIDE
CA
$431,257
$552,059
$667,361
$829,364
SACRAMENTO
CA
$552,009
$706,662
$854,214
$1,061,568
SAN BENITO
CA
$726,537
$930,316
$1,124,494
$1,397,423
SAN BERNARDINO
CA
$431,257
$552,059
$667,361
$829,364
SAN DIEGO
CA
$690,012
$883,315
$1,067,768
$1,326,972
SAN FRANCISCO
CA
$726,537
$930,316
$1,124,494
$1,397,423
SAN JOAQUIN
CA
$425,507
$544,709
$658,461
$818,264
SAN LUIS OBISPO
CA
$667,011
$853,914
$1,032,167
$1,282,722
SAN MATEO
CA
$726,537
$930,316
$1,124,494
$1,397,423
SANTA BARBARA
CA
$653,211
$836,214
$1,010,817
$1,256,171
11
SANTA CLARA
CA
$726,537
$930,316
$1,124,494
$1,397,423
SANTA CRUZ
CA
$726,537
$930,316
$1,124,494
$1,397,423
SOLANO
CA
$494,508
$633,061
$765,213
$950,966
SONOMA
CA
$704,962
$902,465
$1,090,868
$1,355,723
STANISLAUS
CA
$350,756
$449,008
$542,759
$674,511
SUTTER
CA
$324,305
$415,157
$501,808
$623,660
TUOLUMNE
CA
$331,206
$424,007
$512,509
$636,911
VENTURA
CA
$713,012
$912,765
$1,
$930,316
$1,124,494
$1,397,423
SANTA CRUZ
CA
$726,537
$930,316
$1,124,494
$1,397,423
SOLANO
CA
$494,508
$633,061
$765,213
$950,966
SONOMA
CA
$704,962
$902,465
$1,090,868
$1,355,723
STANISLAUS
CA
$350,756
$449,008
$542,759
$674,511
SUTTER
CA
$324,305
$415,157
$501,808
$623,660
TUOLUMNE
CA
$331,206
$424,007
$512,509
$636,911
VENTURA
CA
$713,012
$912,765
$1,103,369
$1,371,173
YOLO
CA
$552,009
$706,662
$854,214
$1,061,568
YUBA
CA
$324,305
$415,157
$501,808
$623,660
ADAMS
CO
$561,209
$718,462
$868,415
$1,079,268
ARAPAHOE
CO
$561,209
$718,462
$868,415
$1,079,268
BOULDER
CO
$626,761
$802,363
$969,866
$1,205,320
BROOMFIELD
CO
$561,209
$718,462
$868,415
$1,079,268
CHAFFEE
CO
$333,506
$426,957
$516,059
$641,361
CLEAR CREEK
CO
$561,209
$718,462
$868,415
$1,079,268
DENVER
CO
$561,209
$718,462
$868,415
$1,079,268
DOUGLAS
CO
$561,209
$718,462
$868,415
$1,079,268
EAGLE
CO
$726,537
$930,316
$1,124,494
$1,397,423
EL PASO
CO
$339,256
$434,307
$524,959
$652,411
ELBERT
CO
$561,209
$718,462
$868,415
$1,079,268
GARFIELD
CO
$726,537
$930,316
$1,124,494
$1,397,423
GILPIN
CO
$561,209
$718,462
$868,415
$1,079,268
GRAND
CO
$402,507
$515,259
$622,860
$774,063
GUNNISON
CO
$357,656
$457,858
$553,459
$687,812
HINSDALE
CO
$427,807
$547,659
$662,011
$822,714
JEFFERSON
CO
$561,209
$718,462
$868,415
$1,079,268
LA PLATA
CO
$419,757
$537,359
$649,561
$807,214
LARIMER
CO
$437,007
$559,459
$676,211
$840,414
OURAY
CO
$425,507
$544,709
$658,461
$818,264
PARK
CO
$561,209
$718,462
$868,415
$1,079,268
PITKIN
CO
$726,537
$930,316
$1,124,494
$1,397,423
ROUTT
CO
$634,811
$812,664
$982,316
$1,220,820
SAN MIGUEL
CO
$726,537
$930,316
$1,124,494
$1,397,423
SUMMIT
CO
$722,212
$924,566
$1,117,569
$1,388,873
TELLER
CO
$339,256
$434,307
$524,959
$652,411
WELD
CO
$385,256
$493,208
$596,160
$740,862
FAIRFIELD
CT
$601,460
$769,9
18,462
$868,415
$1,079,268
PITKIN
CO
$726,537
$930,316
$1,124,494
$1,397,423
ROUTT
CO
$634,811
$812,664
$982,316
$1,220,820
SAN MIGUEL
CO
$726,537
$930,316
$1,124,494
$1,397,423
SUMMIT
CO
$722,212
$924,566
$1,117,569
$1,388,873
TELLER
CO
$339,256
$434,307
$524,959
$652,411
WELD
CO
$385,256
$493,208
$596,160
$740,862
FAIRFIELD
CT
$601,460
$769,963
$930,716
$1,156,669
HARTFORD
CT
$353,056
$451,958
$546,309
$678,961
LITCHFIELD
CT
$357,656
$457,858
$553,459
$687,812
MIDDLESEX
CT
$353,056
$451,958
$546,309
$678,961
TOLLAND
CT
$353,056
$451,958
$546,309
$678,961
WINDHAM
CT
$327,755
$419,557
$507,159
$630,311
DISTRICT OF COL
DC
$726,537
$930,316
$1,124,494
$1,397,423
12
NEW CASTLE
DE
$402,507
$515,259
$622,860
$774,063
SUSSEX
DE
$336,956
$431,357
$521,409
$648,011
BAKER
FL
$358,806
$459,308
$555,209
$690,012
BROWARD
FL
$356,506
$456,358
$551,659
$685,561
CLAY
FL
$358,806
$459,308
$555,209
$690,012
COLLIER
FL
$450,808
$577,110
$697,612
$866,965
DUVAL
FL
$358,806
$459,308
$555,209
$690,012
MANATEE
FL
$320,855
$410,757
$496,508
$617,010
MARTIN
FL
$327,755
$419,557
$507,159
$630,311
MIAMI-DADE
FL
$356,506
$456,358
$551,659
$685,561
MONROE
FL
$529,009
$677,211
$818,614
$1,017,317
NASSAU
FL
$358,806
$459,308
$555,209
$690,012
OKALOOSA
FL
$370,306
$474,058
$573,010
$712,112
PALM BEACH
FL
$356,506
$456,358
$551,659
$685,561
SARASOTA
FL
$320,855
$410,757
$496,508
$617,010
ST. JOHNS
FL
$358,806
$459,308
$555,209
$690,012
ST
7,159
$630,311
MIAMI-DADE
FL
$356,506
$456,358
$551,659
$685,561
MONROE
FL
$529,009
$677,211
$818,614
$1,017,317
NASSAU
FL
$358,806
$459,308
$555,209
$690,012
OKALOOSA
FL
$370,306
$474,058
$573,010
$712,112
PALM BEACH
FL
$356,506
$456,358
$551,659
$685,561
SARASOTA
FL
$320,855
$410,757
$496,508
$617,010
ST. JOHNS
FL
$358,806
$459,308
$555,209
$690,012
ST. LUCIE
FL
$327,755
$419,557
$507,159
$630,311
WALTON
FL
$370,306
$474,058
$573,010
$712,112
BARROW
GA
$379,506
$485,808
$587,260
$729,812
BARTOW
GA
$379,506
$485,808
$587,260
$729,812
BUTTS
GA
$379,506
$485,808
$587,260
$729,812
CARROLL
GA
$379,506
$485,808
$587,260
$729,812
CHEROKEE
GA
$379,506
$485,808
$587,260
$729,812
CLARKE
GA
$341,556
$437,257
$528,509
$656,811
CLAYTON
GA
$379,506
$485,808
$587,260
$729,812
COBB
GA
$379,506
$485,808
$587,260
$729,812
COWETA
GA
$379,506
$485,808
$587,260
$729,812
DAWSON
GA
$379,506
$485,808
$587,260
$729,812
DEKALB
GA
$379,506
$485,808
$587,260
$729,812
DOUGLAS
GA
$379,506
$485,808
$587,260
$729,812
FAYETTE
GA
$379,506
$485,808
$587,260
$729,812
FORSYTH
GA
$379,506
$485,808
$587,260
$729,812
FULTON
GA
$379,506
$485,808
$587,260
$729,812
GREENE
GA
$515,209
$659,561
$797,263
$990,817
GWINNETT
GA
$379,506
$485,808
$587,260
$729,812
HARALSON
GA
$379,506
$485,808
$587,260
$729,812
HEARD
GA
$379,506
$485,808
$587,260
$729,812
HENRY
GA
$379,506
$485,808
$587,260
$729,812
JASPER
GA
$379,506
$485,808
$587,260
$729,812
LAMAR
GA
$379,506
$485,808
$587,260
$729,812
MADISON
GA
$341,556
$437,257
$528,509
$656,811
MERIWETHER
GA
$379,506
$485,808
$587,260
$729,812
MORGAN
GA
$379,506
$485,808
$587,260
$729,812
NEWTON
GA
$379,506
$485,808
$587,260
$729,812
13
OCONEE
GA
$341,556
$437,257
$528,509
$656,811
OGLETHORPE
GA
$341,556
$437,257
$528,509
$656,811
PAULDING
GA
$379,506
$485,808
$587,260
$729,812
PIC
87,260
$729,812
MADISON
GA
$341,556
$437,257
$528,509
$656,811
MERIWETHER
GA
$379,506
$485,808
$587,260
$729,812
MORGAN
GA
$379,506
$485,808
$587,260
$729,812
NEWTON
GA
$379,506
$485,808
$587,260
$729,812
13
OCONEE
GA
$341,556
$437,257
$528,509
$656,811
OGLETHORPE
GA
$341,556
$437,257
$528,509
$656,811
PAULDING
GA
$379,506
$485,808
$587,260
$729,812
PICKENS
GA
$379,506
$485,808
$587,260
$729,812
PIKE
GA
$379,506
$485,808
$587,260
$729,812
ROCKDALE
GA
$379,506
$485,808
$587,260
$729,812
SPALDING
GA
$379,506
$485,808
$587,260
$729,812
WALTON
GA
$379,506
$485,808
$587,260
$729,812
HAWAII
HI
$387,556
$496,108
$599,710
$745,312
HONOLULU
HI
$721,062
$923,065
$1,115,819
$1,386,673
KALAWAO
HI
$678,511
$868,615
$1,049,968
$1,304,872
KAUAI
HI
$713,012
$912,765
$1,103,369
$1,371,173
MAUI
HI
$678,511
$868,615
$1,049,968
$1,304,872
ADA
ID
$331,206
$424,007
$512,509
$636,911
BLAINE
ID
$646,311
$827,414
$1,000,117
$1,242,921
BOISE
ID
$331,206
$424,007
$512,509
$636,911
CAMAS
ID
$646,311
$827,414
$1,000,117
$1,242,921
CANYON
ID
$331,206
$424,007
$512,509
$636,911
GEM
ID
$331,206
$424,007
$512,509
$636,911
LINCOLN
ID
$646,311
$827,414
$1,000,117
$1,242,921
OWYHEE
ID
$331,206
$424,007
$512,509
$636,911
TETON
ID
$726,537
$930,316
$1,124,494
$1,397,423
BOONE
IL
$339,256
$434,307
$524,959
$652,411
COOK
IL
$368,006
$471,108
$569,460
$707,712
DEKALB
IL
$368,006
$471,108
$569,460
$707,712
DUPAGE
IL
$368,006
$471,108
$569,460
$707,712
GRUNDY
IL
$368,006
$471,108
$569,460
$707,712
KANE
IL
$368,006
$471,108
$569,460
$707,712
KENDALL
IL
$368,006
$471,108
$569,460
$707,712
LAKE
IL
$368,006
$471,108
$569,460
$707,712
MCHENRY
IL
$368,006
$471,108
$569,460
$707,712
WILL
IL
$368,006
$471,108
$569,460
$707,712
WINNEBAGO
IL
$339,256
$434,307
$524,959
$652,411
BOONE
IN
$343,856
712
GRUNDY
IL
$368,006
$471,108
$569,460
$707,712
KANE
IL
$368,006
$471,108
$569,460
$707,712
KENDALL
IL
$368,006
$471,108
$569,460
$707,712
LAKE
IL
$368,006
$471,108
$569,460
$707,712
MCHENRY
IL
$368,006
$471,108
$569,460
$707,712
WILL
IL
$368,006
$471,108
$569,460
$707,712
WINNEBAGO
IL
$339,256
$434,307
$524,959
$652,411
BOONE
IN
$343,856
$440,207
$532,109
$661,261
BROWN
IN
$343,856
$440,207
$532,109
$661,261
CLARK
IN
$316,255
$404,857
$489,358
$608,160
FLOYD
IN
$316,255
$404,857
$489,358
$608,160
HAMILTON
IN
$343,856
$440,207
$532,109
$661,261
HANCOCK
IN
$343,856
$440,207
$532,109
$661,261
HARRISON
IN
$316,255
$404,857
$489,358
$608,160
HENDRICKS
IN
$343,856
$440,207
$532,109
$661,261
JASPER
IN
$368,006
$471,108
$569,460
$707,712
JOHNSON
IN
$343,856
$440,207
$532,109
$661,261
14
LAKE
IN
$368,006
$471,108
$569,460
$707,712
MADISON
IN
$343,856
$440,207
$532,109
$661,261
MARION
IN
$343,856
$440,207
$532,109
$661,261
MORGAN
IN
$343,856
$440,207
$532,109
$661,261
NEWTON
IN
$368,006
$471,108
$569,460
$707,712
PORTER
IN
$368,006
$471,108
$569,460
$707,712
PUTNAM
IN
$343,856
$440,207
$532,109
$661,261
SCOTT
IN
$316,255
$404,857
$489,358
$608,160
SHELBY
IN
$343,856
$440,207
$532,109
$661,261
WASHINGTON
IN
$316,255
$404,857
$489,358
$608,160
JOHNSON
KS
$336,956
$431,357
$521,409
$648,011
LEAVENWORTH
KS
$336,956
$431,357
$521,409
$648,011
LINN
KS
$336,956
$431,357
$521,409
$648,011
MIAMI
KS
$336,956
$431,357
$521,409
$648,011
WYANDOTTE
KS
$336,956
$431,357
$521,409
$648,011
BULLITT
KY
$316,255
$404,857
$489,358
$608,160
HENRY
KY
$316,255
$404,857
$489,358
$608,160
JEFFERSON
KY
$316,255
$404,857
$489,358
$608,160
OLDHAM
KY
$316,255
$404,857
$489,358
$608,160
SHELBY
KY
$316,255
$404,857
$489,358
$608,160
SPENCER
KY
$316,255
$404,857
$489,358
$608,160
TRIMBLE
KY
,011
WYANDOTTE
KS
$336,956
$431,357
$521,409
$648,011
BULLITT
KY
$316,255
$404,857
$489,358
$608,160
HENRY
KY
$316,255
$404,857
$489,358
$608,160
JEFFERSON
KY
$316,255
$404,857
$489,358
$608,160
OLDHAM
KY
$316,255
$404,857
$489,358
$608,160
SHELBY
KY
$316,255
$404,857
$489,358
$608,160
SPENCER
KY
$316,255
$404,857
$489,358
$608,160
TRIMBLE
KY
$316,255
$404,857
$489,358
$608,160
BARNSTABLE
MA
$458,858
$587,410
$710,062
$882,415
BRISTOL
MA
$454,258
$581,510
$702,912
$873,565
DUKES
MA
$726,537
$930,316
$1,124,494
$1,397,423
ESSEX
MA
$688,862
$881,865
$1,065,968
$1,324,772
HAMPDEN
MA
$318,555
$407,807
$492,958
$612,610
HAMPSHIRE
MA
$318,555
$407,807
$492,958
$612,610
MIDDLESEX
MA
$688,862
$881,865
$1,065,968
$1,324,772
NANTUCKET
MA
$726,537
$930,316
$1,124,494
$1,397,423
NORFOLK
MA
$688,862
$881,865
$1,065,968
$1,324,772
PLYMOUTH
MA
$688,862
$881,865
$1,065,968
$1,324,772
SUFFOLK
MA
$688,862
$881,865
$1,065,968
$1,324,772
WORCESTER
MA
$327,755
$419,557
$507,159
$630,311
ANNE ARUNDEL
MD
$517,509
$662,511
$800,813
$995,217
BALTIMORE
MD
$517,509
$662,511
$800,813
$995,217
BALTIMORE CITY
MD
$517,509
$662,511
$800,813
$995,217
CALVERT
MD
$726,537
$930,316
$1,124,494
$1,397,423
CARROLL
MD
$517,509
$662,511
$800,813
$995,217
CECIL
MD
$402,507
$515,259
$622,860
$774,063
CHARLES
MD
$726,537
$930,316
$1,124,494
$1,397,423
FREDERICK
MD
$726,537
$930,316
$1,124,494
$1,397,423
HARFORD
MD
$517,509
$662,511
$800,813
$995,217
15
HOWARD
MD
$517,509
$662,511
$800,813
$995,217
MONTGOMERY
MD
$726,537
$930,316
$1,124,494
$1,397,423
PRINCE GEORGE'S
MD
$726,537
$930,316
$1,124,494
$1,397,423
QUEEN ANNE'S
MD
$517,509
$662,511
$800,813
$995,217
SOMERSET
MD
$336,956
$431,357
$521,409
$648,011
ST
CK
MD
$726,537
$930,316
$1,124,494
$1,397,423
HARFORD
MD
$517,509
$662,511
$800,813
$995,217
15
HOWARD
MD
$517,509
$662,511
$800,813
$995,217
MONTGOMERY
MD
$726,537
$930,316
$1,124,494
$1,397,423
PRINCE GEORGE'S
MD
$726,537
$930,316
$1,124,494
$1,397,423
QUEEN ANNE'S
MD
$517,509
$662,511
$800,813
$995,217
SOMERSET
MD
$336,956
$431,357
$521,409
$648,011
ST. MARY'S
MD
$347,306
$444,607
$537,409
$667,911
TALBOT
MD
$382,956
$490,258
$592,610
$736,462
WICOMICO
MD
$336,956
$431,357
$521,409
$648,011
WORCESTER
MD
$336,956
$431,357
$521,409
$648,011
CUMBERLAND
ME
$351,906
$450,508
$544,559
$676,761
SAGADAHOC
ME
$351,906
$450,508
$544,559
$676,761
YORK
ME
$351,906
$450,508
$544,559
$676,761
BENZIE
MI
$316,255
$404,857
$489,358
$608,160
GRAND TRAVERSE
MI
$316,255
$404,857
$489,358
$608,160
KALKASKA
MI
$316,255
$404,857
$489,358
$608,160
LEELANAU
MI
$316,255
$404,857
$489,358
$608,160
ANOKA
MN
$366,856
$469,608
$567,660
$705,512
CARVER
MN
$366,856
$469,608
$567,660
$705,512
CHISAGO
MN
$366,856
$469,608
$567,660
$705,512
DAKOTA
MN
$366,856
$469,608
$567,660
$705,512
HENNEPIN
MN
$366,856
$469,608
$567,660
$705,512
ISANTI
MN
$366,856
$469,608
$567,660
$705,512
LE SUEUR
MN
$366,856
$469,608
$567,660
$705,512
MILLE LACS
MN
$366,856
$469,608
$567,660
$705,512
RAMSEY
MN
$366,856
$469,608
$567,660
$705,512
SCOTT
MN
$366,856
$469,608
$567,660
$705,512
SHERBURNE
MN
$366,856
$469,608
$567,660
$705,512
SIBLEY
MN
$366,856
$469,608
$567,660
$705,512
WASHINGTON
MN
$366,856
$469,608
$567,660
$705,512
WRIGHT
MN
$366,856
$469,608
$567,660
$705,512
BATES
MO
$336,956
$431,357
$521,409
$648,011
CALDWELL
MO
$336,956
$431,357
$521,409
$648,011
CASS
MO
$336,956
$431,357
$521,409
$648,011
CLAY
MO
$336,956
$431,357
$521,409
$648,011
CLINTON
MO
$336,956
$431,357
$521,409
$648,011
JACK
67,660
$705,512
WASHINGTON
MN
$366,856
$469,608
$567,660
$705,512
WRIGHT
MN
$366,856
$469,608
$567,660
$705,512
BATES
MO
$336,956
$431,357
$521,409
$648,011
CALDWELL
MO
$336,956
$431,357
$521,409
$648,011
CASS
MO
$336,956
$431,357
$521,409
$648,011
CLAY
MO
$336,956
$431,357
$521,409
$648,011
CLINTON
MO
$336,956
$431,357
$521,409
$648,011
JACKSON
MO
$336,956
$431,357
$521,409
$648,011
LAFAYETTE
MO
$336,956
$431,357
$521,409
$648,011
PLATTE
MO
$336,956
$431,357
$521,409
$648,011
RAY
MO
$336,956
$431,357
$521,409
$648,011
FLATHEAD
MT
$318,555
$407,807
$492,958
$612,610
GALLATIN
MT
$412,857
$528,509
$638,861
$793,963
JEFFERSON
MT
$316,255
$404,857
$489,358
$608,160
16
LEWIS AND CLARK
MT
$316,255
$404,857
$489,358
$608,160
MADISON
MT
$325,455
$416,607
$503,608
$625,860
MISSOULA
MT
$334,656
$428,407
$517,859
$643,561
CABARRUS
NC
$317,405
$406,307
$491,158
$610,410
CAMDEN
NC
$726,537
$930,316
$1,124,494
$1,397,423
CHATHAM
NC
$403,657
$516,759
$624,610
$776,263
CURRITUCK
NC
$458,858
$587,410
$710,062
$882,415
DARE
NC
$391,007
$500,558
$605,060
$751,913
DURHAM
NC
$403,657
$516,759
$624,610
$776,263
FRANKLIN
NC
$339,256
$434,307
$524,959
$652,411
GASTON
NC
$317,405
$406,307
$491,158
$610,410
GATES
NC
$458,858
$587,410
$710,062
$882,415
HYDE
NC
$483,008
$618,310
$747,413
$928,866
IREDELL
NC
$317,405
$406,307
$491,158
$610,410
JOHNSTON
NC
$339,256
$434,307
$524,959
$652,411
LINCOLN
NC
$317,405
$406,307
$491,158
$610,410
MECKLENBURG
NC
$317,405
$406,307
$491,158
$610,410
ORANGE
NC
$403,657
$516,759
$624,610
$776,263
PASQUOTANK
NC
$726,537
$930,316
$1,124,494
$1,397,423
PERQUIMANS
NC
$726,537
$930,316
$1,124,494
$1,397,423
PERSON
NC
$403,657
$516,759
$624,610
$776,263
ROWAN
NC
$317,405
$406,307
$491,158
$610,410
TYRRELL
NC
$391,007
$500,558
$605,060
$751,913
UNION
NC
$
0
MECKLENBURG
NC
$317,405
$406,307
$491,158
$610,410
ORANGE
NC
$403,657
$516,759
$624,610
$776,263
PASQUOTANK
NC
$726,537
$930,316
$1,124,494
$1,397,423
PERQUIMANS
NC
$726,537
$930,316
$1,124,494
$1,397,423
PERSON
NC
$403,657
$516,759
$624,610
$776,263
ROWAN
NC
$317,405
$406,307
$491,158
$610,410
TYRRELL
NC
$391,007
$500,558
$605,060
$751,913
UNION
NC
$317,405
$406,307
$491,158
$610,410
WAKE
NC
$339,256
$434,307
$524,959
$652,411
BILLINGS
ND
$339,256
$434,307
$524,959
$652,411
WILLIAMS
ND
$330,056
$422,507
$510,709
$634,711
LINCOLN
NE
$433,557
$555,009
$670,911
$833,764
LOGAN
NE
$433,557
$555,009
$670,911
$833,764
MCPHERSON
NE
$433,557
$555,009
$670,911
$833,764
HILLSBOROUGH
NH
$322,005
$412,207
$498,258
$619,260
ROCKINGHAM
NH
$688,862
$881,865
$1,065,968
$1,324,772
STRAFFORD
NH
$688,862
$881,865
$1,065,968
$1,324,772
ATLANTIC
NJ
$316,255
$404,857
$489,358
$608,160
BERGEN
NJ
$726,537
$930,316
$1,124,494
$1,397,423
BURLINGTON
NJ
$402,507
$515,259
$622,860
$774,063
CAMDEN
NJ
$402,507
$515,259
$622,860
$774,063
CAPE MAY
NJ
$414,007
$530,009
$640,661
$796,163
ESSEX
NJ
$726,537
$930,316
$1,124,494
$1,397,423
GLOUCESTER
NJ
$402,507
$515,259
$622,860
$774,063
HUDSON
NJ
$726,537
$930,316
$1,124,494
$1,397,423
HUNTERDON
NJ
$726,537
$930,316
$1,124,494
$1,397,423
17
MERCER
NJ
$345,006
$441,657
$533,859
$663,461
MIDDLESEX
NJ
$726,537
$930,316
$1,124,494
$1,397,423
MONMOUTH
NJ
$726,537
$930,316
$1,124,494
$1,397,423
MORRIS
NJ
$726,537
$930,316
$1,124,494
$1,397,423
OCEAN
NJ
$726,537
$930,316
$1,124,494
$1,397,423
PASSAIC
NJ
$726,537
$930,316
$1,124,494
$1,397,423
SALEM
NJ
$402,507
$515,259
$622,860
$774,063
SOMERSET
NJ
$726,537
$930,316
$1,124,494
$1,397,423
SUSSEX
NJ
$726,537
$930,316
$1,124,494
$1,397,423
UNION
NJ
$726,537
$930,316
$1,124,494
$1,397,423
WARREN
23
MORRIS
NJ
$726,537
$930,316
$1,124,494
$1,397,423
OCEAN
NJ
$726,537
$930,316
$1,124,494
$1,397,423
PASSAIC
NJ
$726,537
$930,316
$1,124,494
$1,397,423
SALEM
NJ
$402,507
$515,259
$622,860
$774,063
SOMERSET
NJ
$726,537
$930,316
$1,124,494
$1,397,423
SUSSEX
NJ
$726,537
$930,316
$1,124,494
$1,397,423
UNION
NJ
$726,537
$930,316
$1,124,494
$1,397,423
WARREN
NJ
$372,606
$477,008
$576,560
$716,562
CATRON
NM
$401,357
$513,809
$621,060
$771,863
LOS ALAMOS
NM
$410,557
$525,559
$635,311
$789,513
SANTA FE
NM
$368,006
$471,108
$569,460
$707,712
CARSON CITY
NV
$318,555
$407,807
$492,958
$612,610
CLARK
NV
$322,005
$412,207
$498,258
$619,260
DOUGLAS
NV
$423,207
$541,759
$654,861
$813,864
STOREY
NV
$412,857
$528,509
$638,861
$793,963
WASHOE
NV
$412,857
$528,509
$638,861
$793,963
ALBANY
NY
$315,105
$403,357
$487,608
$605,960
BRONX
NY
$726,537
$930,316
$1,124,494
$1,397,423
DUTCHESS
NY
$726,537
$930,316
$1,124,494
$1,397,423
KINGS
NY
$726,537
$930,316
$1,124,494
$1,397,423
NASSAU
NY
$726,537
$930,316
$1,124,494
$1,397,423
NEW YORK
NY
$726,537
$930,316
$1,124,494
$1,397,423
ORANGE
NY
$726,537
$930,316
$1,124,494
$1,397,423
PUTNAM
NY
$726,537
$930,316
$1,124,494
$1,397,423
QUEENS
NY
$726,537
$930,316
$1,124,494
$1,397,423
RENSSELAER
NY
$315,105
$403,357
$487,608
$605,960
RICHMOND
NY
$726,537
$930,316
$1,124,494
$1,397,423
ROCKLAND
NY
$726,537
$930,316
$1,124,494
$1,397,423
SARATOGA
NY
$315,105
$403,357
$487,608
$605,960
SCHENECTADY
NY
$315,105
$403,357
$487,608
$605,960
SCHOHARIE
NY
$315,105
$403,357
$487,608
$605,960
SUFFOLK
NY
$726,537
$930,316
$1,124,494
$1,397,423
WESTCHESTER
NY
$726,537
$930,316
$1,124,494
$1,397,423
DELAWARE
OH
$356,506
$456,358
$551,659
$685,561
FAIRFIELD
OH
$356,506
$456,358
$551,659
$685,561
FRANKLIN
OH
$356,506
$456,358
$551,659
$685,561
HOCKING
NY
$315,105
$403,357
$487,608
$605,960
SCHOHARIE
NY
$315,105
$403,357
$487,608
$605,960
SUFFOLK
NY
$726,537
$930,316
$1,124,494
$1,397,423
WESTCHESTER
NY
$726,537
$930,316
$1,124,494
$1,397,423
DELAWARE
OH
$356,506
$456,358
$551,659
$685,561
FAIRFIELD
OH
$356,506
$456,358
$551,659
$685,561
FRANKLIN
OH
$356,506
$456,358
$551,659
$685,561
HOCKING
OH
$356,506
$456,358
$551,659
$685,561
LICKING
OH
$356,506
$456,358
$551,659
$685,561
MADISON
OH
$356,506
$456,358
$551,659
$685,561
MORROW
OH
$356,506
$456,358
$551,659
$685,561
18
PERRY
OH
$356,506
$456,358
$551,659
$685,561
PICKAWAY
OH
$356,506
$456,358
$551,659
$685,561
UNION
OH
$356,506
$456,358
$551,659
$685,561
BENTON
OR
$385,256
$493,208
$596,160
$740,862
CLACKAMAS
OR
$474,958
$608,010
$734,962
$913,365
CLATSOP
OR
$316,255
$404,857
$489,358
$608,160
COLUMBIA
OR
$474,958
$608,010
$734,962
$913,365
CURRY
OR
$327,755
$419,557
$507,159
$630,311
DESCHUTES
OR
$409,407
$524,109
$633,511
$787,313
HOOD RIVER
OR
$477,258
$610,960
$738,512
$917,815
JACKSON
OR
$320,855
$410,757
$496,508
$617,010
MARION
OR
$322,005
$412,207
$498,258
$619,260
MULTNOMAH
OR
$474,958
$608,010
$734,962
$913,365
POLK
OR
$322,005
$412,207
$498,258
$619,260
WASHINGTON
OR
$474,958
$608,010
$734,962
$913,365
YAMHILL
OR
$474,958
$608,010
$734,962
$913,365
BUCKS
PA
$402,507
$515,259
$622,860
$774,063
CARBON
PA
$372,606
$477,008
$576,560
$716,562
CHESTER
PA
$402,507
$515,259
$622,860
$774,063
DELAWARE
PA
$402,507
$515,259
$622,860
$774,063
LEHIGH
PA
$372,606
$477,008
$576,560
$716,562
MONTGOMERY
PA
$402,507
$515,259
$622,860
$774,063
NORTHAMPTON
PA
$372,606
$477,008
$576,560
$716,562
PHILADELPHIA
PA
$402,507
$515,259
$622,860
$774,063
PIKE
PA
$726,537
$930,316
$1,124,494
$1,397,423
BRISTOL
RI
$454,258
$581,510
$702,912
$873,565
KENT
RI
$454
PA
$402,507
$515,259
$622,860
$774,063
LEHIGH
PA
$372,606
$477,008
$576,560
$716,562
MONTGOMERY
PA
$402,507
$515,259
$622,860
$774,063
NORTHAMPTON
PA
$372,606
$477,008
$576,560
$716,562
PHILADELPHIA
PA
$402,507
$515,259
$622,860
$774,063
PIKE
PA
$726,537
$930,316
$1,124,494
$1,397,423
BRISTOL
RI
$454,258
$581,510
$702,912
$873,565
KENT
RI
$454,258
$581,510
$702,912
$873,565
NEWPORT
RI
$454,258
$581,510
$702,912
$873,565
PROVIDENCE
RI
$454,258
$581,510
$702,912
$873,565
WASHINGTON
RI
$454,258
$581,510
$702,912
$873,565
BEAUFORT
SC
$350,756
$449,008
$542,759
$674,511
BERKELEY
SC
$388,707
$497,608
$601,510
$747,513
CHARLESTON
SC
$388,707
$497,608
$601,510
$747,513
CHESTER
SC
$317,405
$406,307
$491,158
$610,410
DORCHESTER
SC
$388,707
$497,608
$601,510
$747,513
GEORGETOWN
SC
$327,755
$419,557
$507,159
$630,311
JASPER
SC
$350,756
$449,008
$542,759
$674,511
LANCASTER
SC
$317,405
$406,307
$491,158
$610,410
YORK
SC
$317,405
$406,307
$491,158
$610,410
CANNON
TN
$534,759
$684,561
$827,514
$1,028,367
CHEATHAM
TN
$534,759
$684,561
$827,514
$1,028,367
DAVIDSON
TN
$534,759
$684,561
$827,514
$1,028,367
19
DICKSON
TN
$534,759
$684,561
$827,514
$1,028,367
HICKMAN
TN
$534,759
$684,561
$827,514
$1,028,367
MACON
TN
$534,759
$684,561
$827,514
$1,028,367
MAURY
TN
$534,759
$684,561
$827,514
$1,028,367
ROBERTSON
TN
$534,759
$684,561
$827,514
$1,028,367
RUTHERFORD
TN
$534,759
$684,561
$827,514
$1,028,367
SMITH
TN
$534,759
$684,561
$827,514
$1,028,367
SUMNER
TN
$534,759
$684,561
$827,514
$1,028,367
TROUSDALE
TN
$534,759
$684,561
$827,514
$1,028,367
WILLIAMSON
TN
$534,759
$684,561
$827,514
$1,028,367
WILSON
TN
$534,759
$684,561
$827,514
$1,028,367
ATASCOSA
TX
$359,956
$460,808
$557,009
$692,212
AUSTIN
TX
$331,206
$424,007
$512,509
$636,911
BANDERA
TX
$359,956
$460,808
$557,009
514
$1,028,367
SUMNER
TN
$534,759
$684,561
$827,514
$1,028,367
TROUSDALE
TN
$534,759
$684,561
$827,514
$1,028,367
WILLIAMSON
TN
$534,759
$684,561
$827,514
$1,028,367
WILSON
TN
$534,759
$684,561
$827,514
$1,028,367
ATASCOSA
TX
$359,956
$460,808
$557,009
$692,212
AUSTIN
TX
$331,206
$424,007
$512,509
$636,911
BANDERA
TX
$359,956
$460,808
$557,009
$692,212
BASTROP
TX
$389,857
$499,058
$603,260
$749,713
BEXAR
TX
$359,956
$460,808
$557,009
$692,212
BRAZORIA
TX
$331,206
$424,007
$512,509
$636,911
CALDWELL
TX
$389,857
$499,058
$603,260
$749,713
CHAMBERS
TX
$331,206
$424,007
$512,509
$636,911
COLLIN
TX
$395,607
$506,458
$612,160
$760,763
COMAL
TX
$359,956
$460,808
$557,009
$692,212
DALLAS
TX
$395,607
$506,458
$612,160
$760,763
DENTON
TX
$395,607
$506,458
$612,160
$760,763
ELLIS
TX
$395,607
$506,458
$612,160
$760,763
FORT BEND
TX
$331,206
$424,007
$512,509
$636,911
GALVESTON
TX
$331,206
$424,007
$512,509
$636,911
GILLESPIE
TX
$324,305
$415,157
$501,808
$623,660
GUADALUPE
TX
$359,956
$460,808
$557,009
$692,212
HARRIS
TX
$331,206
$424,007
$512,509
$636,911
HAYS
TX
$389,857
$499,058
$603,260
$749,713
HOOD
TX
$395,607
$506,458
$612,160
$760,763
HUNT
TX
$395,607
$506,458
$612,160
$760,763
JOHNSON
TX
$395,607
$506,458
$612,160
$760,763
KAUFMAN
TX
$395,607
$506,458
$612,160
$760,763
KENDALL
TX
$359,956
$460,808
$557,009
$692,212
LIBERTY
TX
$331,206
$424,007
$512,509
$636,911
MARTIN
TX
$318,555
$407,807
$492,958
$612,610
MEDINA
TX
$359,956
$460,808
$557,009
$692,212
MIDLAND
TX
$318,555
$407,807
$492,958
$612,610
MONTGOMERY
TX
$331,206
$424,007
$512,509
$636,911
PARKER
TX
$395,607
$506,458
$612,160
$760,763
ROCKWALL
TX
$395,607
$506,458
$612,160
$760,763
SOMERVELL
TX
$395,607
$506,458
$612,160
$760,763
TARRANT
TX
$395,607
$506,458
$612,160
$760,763
TRAVIS
TX
$389,857
$499,058
$603,260
$749,713
808
$557,009
$692,212
MIDLAND
TX
$318,555
$407,807
$492,958
$612,610
MONTGOMERY
TX
$331,206
$424,007
$512,509
$636,911
PARKER
TX
$395,607
$506,458
$612,160
$760,763
ROCKWALL
TX
$395,607
$506,458
$612,160
$760,763
SOMERVELL
TX
$395,607
$506,458
$612,160
$760,763
TARRANT
TX
$395,607
$506,458
$612,160
$760,763
TRAVIS
TX
$389,857
$499,058
$603,260
$749,713
WALLER
TX
$331,206
$424,007
$512,509
$636,911
20
WILLIAMSON
TX
$389,857
$499,058
$603,260
$749,713
WILSON
TX
$359,956
$460,808
$557,009
$692,212
WISE
TX
$395,607
$506,458
$612,160
$760,763
BOX ELDER
UT
$401,357
$513,809
$621,060
$771,863
DAVIS
UT
$401,357
$513,809
$621,060
$771,863
JUAB
UT
$377,206
$482,858
$583,710
$725,412
MORGAN
UT
$401,357
$513,809
$621,060
$771,863
SALT LAKE
UT
$388,707
$497,608
$601,510
$747,513
SUMMIT
UT
$726,537
$930,316
$1,124,494
$1,397,423
TOOELE
UT
$388,707
$497,608
$601,510
$747,513
UTAH
UT
$377,206
$482,858
$583,710
$725,412
WASATCH
UT
$462,308
$591,810
$715,412
$889,065
WASHINGTON
UT
$349,606
$447,558
$540,959
$672,311
WEBER
UT
$401,357
$513,809
$621,060
$771,863
ALBEMARLE
VA
$437,007
$559,459
$676,211
$840,414
ALEXANDRIA CITY
VA
$726,537
$930,316
$1,124,494
$1,397,423
AMELIA
VA
$535,909
$686,062
$829,264
$1,030,617
ARLINGTON
VA
$726,537
$930,316
$1,124,494
$1,397,423
BUCKINGHAM
VA
$437,007
$559,459
$676,211
$840,414
CAROLINE
VA
$535,909
$686,062
$829,264
$1,030,617
CHARLES CITY
VA
$535,909
$686,062
$829,264
$1,030,617
CHARLOTTESVILLE
VA
$437,007
$559,459
$676,211
$840,414
CHESAPEAKE CITY
VA
$458,858
$587,410
$710,062
$882,415
CHESTERFIELD
VA
$535,909
$686,062
$829,264
$1,030,617
CLARKE
VA
$726,537
$930,316
$1,124,494
$1,397,423
COLONIAL HEIGHT
VA
$535,909
$686,062
$829,264
$1,030,617
CULPEPER
VA
$726,537
$930,316
$1,124,494
$1,397,423
DINWIDDIE
VA
$535,909
$686,062
$829,264
$1,030,617
FAIRFAX
7,007
$559,459
$676,211
$840,414
CHESAPEAKE CITY
VA
$458,858
$587,410
$710,062
$882,415
CHESTERFIELD
VA
$535,909
$686,062
$829,264
$1,030,617
CLARKE
VA
$726,537
$930,316
$1,124,494
$1,397,423
COLONIAL HEIGHT
VA
$535,909
$686,062
$829,264
$1,030,617
CULPEPER
VA
$726,537
$930,316
$1,124,494
$1,397,423
DINWIDDIE
VA
$535,909
$686,062
$829,264
$1,030,617
FAIRFAX
VA
$726,537
$930,316
$1,124,494
$1,397,423
FAIRFAX CITY
VA
$726,537
$930,316
$1,124,494
$1,397,423
FALLS CHURCH CI
VA
$726,537
$930,316
$1,124,494
$1,397,423
FAUQUIER
VA
$726,537
$930,316
$1,124,494
$1,397,423
FLUVANNA
VA
$437,007
$559,459
$676,211
$840,414
FREDERICKSBURG
VA
$726,537
$930,316
$1,124,494
$1,397,423
GLOUCESTER
VA
$458,858
$587,410
$710,062
$882,415
GOOCHLAND
VA
$535,909
$686,062
$829,264
$1,030,617
GREENE
VA
$437,007
$559,459
$676,211
$840,414
HAMPTON CITY
VA
$458,858
$587,410
$710,062
$882,415
HANOVER
VA
$535,909
$686,062
$829,264
$1,030,617
HENRICO
VA
$535,909
$686,062
$829,264
$1,030,617
HOPEWELL CITY
VA
$535,909
$686,062
$829,264
$1,030,617
ISLE OF WIGHT
VA
$458,858
$587,410
$710,062
$882,415
JAMES CITY
VA
$458,858
$587,410
$710,062
$882,415
KING GEORGE
VA
$350,756
$449,008
$542,759
$674,511
KING WILLIAM
VA
$535,909
$686,062
$829,264
$1,030,617
21
LANCASTER
VA
$442,757
$566,810
$685,111
$851,464
LEXINGTON CITY
VA
$354,206
$453,458
$548,109
$681,161
LOUDOUN
VA
$726,537
$930,316
$1,124,494
$1,397,423
MANASSAS CITY
VA
$726,537
$930,316
$1,124,494
$1,397,423
MANASSAS PARK C
VA
$726,537
$930,316
$1,124,494
$1,397,423
MATHEWS
VA
$458,858
$587,410
$710,062
$882,415
NELSON
VA
$437,007
$559,459
$676,211
$840,414
NEW KENT
VA
$535,909
$686,062
$829,264
$1,030,617
NEWPORT NEWS CI
VA
$458,858
$587,410
$710,062
$882,415
NORFOLK CITY
VA
$458,858
$587,410
$710,062
$882,415
NORTHUMBERLAND
VA
$318,555
$407,807
$492,958
$612,610
PETERSBURG CITY
VA
$535,
$930,316
$1,124,494
$1,397,423
MATHEWS
VA
$458,858
$587,410
$710,062
$882,415
NELSON
VA
$437,007
$559,459
$676,211
$840,414
NEW KENT
VA
$535,909
$686,062
$829,264
$1,030,617
NEWPORT NEWS CI
VA
$458,858
$587,410
$710,062
$882,415
NORFOLK CITY
VA
$458,858
$587,410
$710,062
$882,415
NORTHUMBERLAND
VA
$318,555
$407,807
$492,958
$612,610
PETERSBURG CITY
VA
$535,909
$686,062
$829,264
$1,030,617
POQUOSON CITY
VA
$458,858
$587,410
$710,062
$882,415
PORTSMOUTH CITY
VA
$458,858
$587,410
$710,062
$882,415
POWHATAN
VA
$535,909
$686,062
$829,264
$1,030,617
PRINCE GEORGE
VA
$535,909
$686,062
$829,264
$1,030,617
PRINCE WILLIAM
VA
$726,537
$930,316
$1,124,494
$1,397,423
RAPPAHANNOCK
VA
$726,537
$930,316
$1,124,494
$1,397,423
RICHMOND CITY
VA
$535,909
$686,062
$829,264
$1,030,617
SPOTSYLVANIA
VA
$726,537
$930,316
$1,124,494
$1,397,423
STAFFORD
VA
$726,537
$930,316
$1,124,494
$1,397,423
SUFFOLK CITY
VA
$458,858
$587,410
$710,062
$882,415
SUSSEX
VA
$535,909
$686,062
$829,264
$1,030,617
VIRGINIA BEACH
VA
$458,858
$587,410
$710,062
$882,415
WARREN
VA
$726,537
$930,316
$1,124,494
$1,397,423
WILLIAMSBURG CI
VA
$458,858
$587,410
$710,062
$882,415
YORK
VA
$458,858
$587,410
$710,062
$882,415
CHITTENDEN
VT
$351,906
$450,508
$544,559
$676,761
FRANKLIN
VT
$351,906
$450,508
$544,559
$676,761
GRAND ISLE
VT
$351,906
$450,508
$544,559
$676,761
CHELAN
WA
$342,706
$438,707
$530,309
$659,061
CLALLAM
WA
$384,106
$491,708
$594,360
$738,662
CLARK
WA
$474,958
$608,010
$734,962
$913,365
DOUGLAS
WA
$342,706
$438,707
$530,309
$659,061
ISLAND
WA
$379,506
$485,808
$587,260
$729,812
JEFFERSON
WA
$322,005
$412,207
$498,258
$619,260
KING
WA
$726,537
$930,316
$1,124,494
$1,397,423
KITSAP
WA
$363,406
$465,208
$562,359
$698,862
PIERCE
WA
$726,537
$930,316
$1,124,494
$1,397,423
SAN JUAN
WA
$483,008
$618,310
$747,413
$928,866
SKAGIT
34,962
$913,365
DOUGLAS
WA
$342,706
$438,707
$530,309
$659,061
ISLAND
WA
$379,506
$485,808
$587,260
$729,812
JEFFERSON
WA
$322,005
$412,207
$498,258
$619,260
KING
WA
$726,537
$930,316
$1,124,494
$1,397,423
KITSAP
WA
$363,406
$465,208
$562,359
$698,862
PIERCE
WA
$726,537
$930,316
$1,124,494
$1,397,423
SAN JUAN
WA
$483,008
$618,310
$747,413
$928,866
SKAGIT
WA
$339,256
$434,307
$524,959
$652,411
SKAMANIA
WA
$474,958
$608,010
$734,962
$913,365
SNOHOMISH
WA
$726,537
$930,316
$1,124,494
$1,397,423
THURSTON
WA
$336,956
$431,357
$521,409
$648,011
WHATCOM
WA
$381,806
$488,758
$590,810
$734,262
22
JEFFERSON
WV
$726,537
$930,316
$1,124,494
$1,397,423
COLUMBIA
WI
$316,255
$404,857
$489,358
$608,160
DANE
WI
$316,255
$404,857
$489,358
$608,160
GREEN
WI
$316,255
$404,857
$489,358
$608,160
IOWA
WI
$316,255
$404,857
$489,358
$608,160
KENOSHA
WI
$368,006
$471,108
$569,460
$707,712
MILWAUKEE
WI
$327,755
$419,557
$507,159
$630,311
OZAUKEE
WI
$327,755
$419,557
$507,159
$630,311
PIERCE
WI
$366,856
$469,608
$567,660
$705,512
ST. CROIX
WI
$366,856
$469,608
$567,660
$705,512
WASHINGTON
WI
$327,755
$419,557
$507,159
$630,311
WAUKESHA
WI
$327,755
$419,557
$507,159
$630,311
SWEETWATER
WY
$316,255
$404,857
$489,358
$608,160
TETON
WY
$726,537
$930,316
$1,124,494
$1,397,423
GUAM
GU
$563,509
$721,412
$872,015
$1,083,668
NORTHERN ISLAND
MP
$524,409
$671,311
$811,464
$1,008,467
ROTA
MP
$410,557
$525,559
$635,311
$789,513
SAIPAN
MP
$529,009
$677,211
$818,614
$1,017,317
TINIAN
MP
$532,459
$681,661
$823,964
$1,023,967
AGUAS BUENAS
PR
$385,256
$493,208
$596,160
$740,862
AIBONITO
PR
$385,256
$493,208
$596,160
$740,862
BARCELONETA
PR
$385,256
$493,208
$596,160
$740,862
BARRANQUITAS
PR
$385,256
$493,208
$596,160
$740,862
BAYAMON
PR
$385,256
$493,208
$596,160
$740,862
SAIPAN
MP
$529,009
$677,211
$818,614
$1,017,317
TINIAN
MP
$532,459
$681,661
$823,964
$1,023,967
AGUAS BUENAS
PR
$385,256
$493,208
$596,160
$740,862
AIBONITO
PR
$385,256
$493,208
$596,160
$740,862
BARCELONETA
PR
$385,256
$493,208
$596,160
$740,862
BARRANQUITAS
PR
$385,256
$493,208
$596,160
$740,862
BAYAMON
PR
$385,256
$493,208
$596,160
$740,862
CAGUAS
PR
$385,256
$493,208
$596,160
$740,862
CANOVANAS
PR
$385,256
$493,208
$596,160
$740,862
CAROLINA
PR
$385,256
$493,208
$596,160
$740,862
CATANO
PR
$385,256
$493,208
$596,160
$740,862
CAYEY
PR
$385,256
$493,208
$596,160
$740,862
CEIBA
PR
$385,256
$493,208
$596,160
$740,862
CIALES
PR
$385,256
$493,208
$596,160
$740,862
CIDRA
PR
$385,256
$493,208
$596,160
$740,862
COMERIO
PR
$385,256
$493,208
$596,160
$740,862
COROZAL
PR
$385,256
$493,208
$596,160
$740,862
DORADO
PR
$385,256
$493,208
$596,160
$740,862
FAJARDO
PR
$385,256
$493,208
$596,160
$740,862
FLORIDA
PR
$385,256
$493,208
$596,160
$740,862
GUAYNABO
PR
$385,256
$493,208
$596,160
$740,862
GURABO
PR
$385,256
$493,208
$596,160
$740,862
HUMACAO
PR
$385,256
$493,208
$596,160
$740,862
JUNCOS
PR
$385,256
$493,208
$596,160
$740,862
23
LAS PIEDRAS
PR
$385,256
$493,208
$596,160
$740,862
LOIZA
PR
$385,256
$493,208
$596,160
$740,862
LUQUILLO
PR
$385,256
$493,208
$596,160
$740,862
MANATI
PR
$385,256
$493,208
$596,160
$740,862
MAUNABO
PR
$385,256
$493,208
$596,160
$740,862
MOROVIS
PR
$385,256
$493,208
$596,160
$740,862
NAGUABO
PR
$385,256
$493,208
$596,160
$740,862
NARANJITO
PR
$385,256
$493,208
$596,160
$740,862
OROCOVIS
PR
$385,256
$493,208
$596,160
$740,862
RIO GRANDE
PR
$385,256
$493,208
$596,160
$740,862
SAN JUAN
PR
$385,256
$493,208
$596,160
$740,862
SAN LORENZO
PR
$385,256
$493,208
$596,160
$740,862
TOA ALTA
PR
$385,256
$493,208
$596,160
$740,862
TOA BAJA
PR
$385,256
$493,208
$596,160
$740
$596,160
$740,862
NARANJITO
PR
$385,256
$493,208
$596,160
$740,862
OROCOVIS
PR
$385,256
$493,208
$596,160
$740,862
RIO GRANDE
PR
$385,256
$493,208
$596,160
$740,862
SAN JUAN
PR
$385,256
$493,208
$596,160
$740,862
SAN LORENZO
PR
$385,256
$493,208
$596,160
$740,862
TOA ALTA
PR
$385,256
$493,208
$596,160
$740,862
TOA BAJA
PR
$385,256
$493,208
$596,160
$740,862
TRUJILLO ALTO
PR
$385,256
$493,208
$596,160
$740,862
VEGA ALTA
PR
$385,256
$493,208
$596,160
$740,862
VEGA BAJA
PR
$385,256
$493,208
$596,160
$740,862
YABUCOA
PR
$385,256
$493,208
$596,160
$740,862
ST. CROIX ISLAN
VI
$327,755
$419,557
$507,159
$630,311
ST. JOHN ISLAND
VI
$623,310
$797,963
$964,516
$1,198,670
ST. THOMAS ISLA
VI
$446,207
$571,210
$690,462
$858,114
All other areas - 2647
counties (floor):
$314,832
$403,132
$487,258
$605,535
.02 The nationwide average purchase price (for use in the housing cost/income
ratio for new and existing residences) is $298,000.
SECTION 5. EFFECT ON OTHER DOCUMENTS
Rev. Proc. 2018-28 is obsolete except as provided in section 6 of this revenue
procedure.
SECTION 6. EFFECTIVE DATES
.01 Issuers may rely on this revenue procedure to determine average area
purchase price safe harbors for commitments to provide financing or issue mortgage
credit certificates that are made, or (if the purchase precedes the commitment) for
residences that are purchased, in the period that begins on March 20, 2019, and ends
24
on the date as of which the safe harbors contained in section 4.01 of this revenue
procedure are rendered obsolete by a new revenue procedure.
.02 Notwithstanding section 5 of this revenue procedure, issuers may continue to
rely on the average area purchase price safe harbors contained in Rev. Proc
t) for
residences that are purchased, in the period that begins on March 20, 2019, and ends
24
on the date as of which the safe harbors contained in section 4.01 of this revenue
procedure are rendered obsolete by a new revenue procedure.
.02 Notwithstanding section 5 of this revenue procedure, issuers may continue to
rely on the average area purchase price safe harbors contained in Rev. Proc. 2018-28,
with respect to bonds sold, or for mortgage credit certificates issued with respect to
bond authority exchanged, before April 19, 2019, if the commitments to provide
financing or issue mortgage credit certificates are made on or before May 19, 2019.
.03 Except as provided in section 6.04, issuers must use the nationwide average
purchase price limitation contained in this revenue procedure for commitments to
provide financing or issue mortgage credit certificates that are made, or (if the purchase
precedes the commitment) for residences that are purchased, in the period that begins
on March 20, 2019, and ends on the date when the nationwide average purchase price
limitation is rendered obsolete by a new revenue procedure.
.04 Notwithstanding sections 5 and 6.03 of this revenue procedure, issuers may
continue to rely on the nationwide average purchase price set forth in Rev. Proc. 2018-
28 with respect to bonds sold, or for mortgage credit certificates issued with respect to
bond authority exchanged, before April 19, 2019, if the commitments to provide
financing or issue mortgage credit certificates are made on or before May 19, 2019.
SECTION 7. PAPERWORK REDUCTION ACT
The collection of information contained in this revenue procedure has been
reviewed and approved by the Office of Management and Budget in accordance with
the Paperwork Reduction Act (44 U.S.C. 3507) under control number 1545-1877.
An agency may not conduct or sponsor, and a person is not required to respond
25
to, a collection of information unless the collection of information displays a valid OMB
control number
on contained in this revenue procedure has been
reviewed and approved by the Office of Management and Budget in accordance with
the Paperwork Reduction Act (44 U.S.C. 3507) under control number 1545-1877.
An agency may not conduct or sponsor, and a person is not required to respond
25
to, a collection of information unless the collection of information displays a valid OMB
control number.
This revenue procedure contains a collection of information requirement in
section 3.03. The purpose of the collection of information is to verify the applicable FHA
loan limit that issuers of qualified mortgage bonds and qualified mortgage certificates
have used to calculate the average area purchase price for a given metropolitan
statistical area for purposes of sections 143(e) and 25(c). The collection of information
is required to obtain the benefit of using revisions to FHA loan limits to determine
average area purchase prices. The likely respondents are state and local governments.
The estimated total annual reporting and/or recordkeeping burden is: 15 hours.
The estimated annual burden per respondent and/or recordkeeper: 15 minutes.
The estimated number of respondents and/or recordkeepers: 60.
Books or records relating to a collection of information must be retained as long
as their contents may become material in the administration of any internal revenue law.
Generally tax returns and tax return information are confidential, as required by 26
U.S.C. 6103.
SECTION 8. DRAFTING INFORMATION
The principal authors of this revenue procedure are David White and Timothy
Jones of the Office of Associate Chief Counsel (Financial Institutions & Products). For
further information regarding this revenue procedure contact David White on (202) 317-
4562 (not a toll free call).
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.