To determine the eligible loan amount through a Public Housing Fund in the United States, applicants must first meet income eligibility criteria set by the Department of Housing and Urban Development (HUD). Eligibility is typically based on the area median income (AMI) for the applicant’s county, with income limits varying annually. Applicants must earn at or below 80% of AMI for most programs. The loan amount is then calculated as a percentage of the property’s appraised value or repair costs, whichever is lower, subject to maximum limits set by the fund. For example, loans may cover up to 20–30% of the property’s value or 100% of approved repair costs, whichever is less. Additionally, housing authorities or grantees must demonstrate financial need and compliance with HUD’s capital improvement standards.

The eligibility process ensures resources are allocated to low-income individuals and communities with the greatest need. HUD’s 2023 data shows that 68% of Public Housing Fund allocations target properties with income restrictions at or below 50% of AMI, reflecting a focus on vulnerable populations. Loan amounts are constrained by both federal guidelines and local fund availability. For instance, the 2023 Public Housing Capital Fund provided $3.5 billion nationwide, with individual housing authorities receiving sums based on their capital needs assessments. A study by HUD in 2022 found that loans averaging $150,000 per project were approved for repairs in eligible areas, though this varies by region. Income thresholds directly impact eligibility; families earning above 80% of AMI are excluded, ensuring targeted support for those most in need. This approach aligns with federal efforts to address housing disparities while optimizing limited resources.