New Milford town, CT Exception Area · FY2026 area median income $156,800 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $480 | $720 | $960 | $1,200 | $1,440 | $1,680 | $1,920 |
| 1BR | $514 | $771 | $1,028 | $1,285 | $1,542 | $1,799 | $2,057 |
| 2BR | $617 | $925 | $1,234 | $1,542 | $1,851 | $2,159 | $2,468 |
| 3BR | $713 | $1,069 | $1,426 | $1,782 | $2,139 | $2,495 | $2,852 |
| 4BR | $795 | $1,193 | $1,591 | $1,988 | $2,386 | $2,784 | $3,182 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $28,800 | $48,000 | $57,600 | $76,800 |
| 2 persons | $32,910 | $54,850 | $65,820 | $87,760 |
| 3 persons | $37,020 | $61,700 | $74,040 | $98,720 |
| 4 persons | $41,130 | $68,550 | $82,260 | $109,680 |
| 5 persons | $44,430 | $74,050 | $88,860 | $118,480 |
| 6 persons | $47,730 | $79,550 | $95,460 | $127,280 |
| 7 persons | $51,030 | $85,050 | $102,060 | $136,080 |
| 8 persons | $54,300 | $90,500 | $108,600 | $144,800 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in New Milford town to see the sources and uses, bond test, DSCR, and funding gap using these rents.