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Multifamily Affordability Estimator (MAE) v2019.3 Frequently Asked Questions This document highlights frequently asked questions about the Multifamily Affordability Estimator process and serves as

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How to fill out multifamily affordability estimator mae

01

To fill out the multifamily affordability estimator (MAE) point by point, follow these steps:

02

Start by accessing the multifamily affordability estimator tool online.

03

Select the appropriate inputs based on the specific multifamily property you are evaluating.

04

Input the total number of residential units in the property.

05

Provide the average monthly rent for each of the different unit types (e.g., studio, one-bedroom, two-bedroom, etc.).

06

Enter the income limit that applies to the specific property location and type.

07

Specify any utility allowances or prorated rents that may apply.

08

Include any applicable utility expenses for the tenants.

09

Input any project-based rental assistance amounts, if applicable.

10

Calculate the projected monthly operating expenses for the property.

11

Review and verify the data entered for accuracy.

12

Generate the multifamily affordability estimates based on the provided information.

13

Use the generated estimates to assess the affordability of the property and make informed decisions.

Who needs multifamily affordability estimator mae?

01

The multifamily affordability estimator (MAE) is designed to assist various individuals and organizations, including:

02

- Developers and property owners: They can use MAE to evaluate the affordability of their proposed or existing multifamily properties.

03

- Housing agencies and nonprofits: They can utilize MAE to assess the affordability of potential housing projects or to analyze the affordability of existing properties within their jurisdiction.

04

- Government agencies: MAE can help government entities in determining the affordability of multifamily properties in order to ensure compliance with affordable housing regulations and policies.

05

- Researchers and policymakers: They can leverage MAE to gather data and insights on the affordability of multifamily housing in different locations and to support evidence-based decision-making in housing policy.

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What is multifamily affordability estimator mae?

The multifamily affordability estimator mae is a tool used to calculate the affordability of housing for multifamily properties.

Who is required to file multifamily affordability estimator mae?

Owners or managers of multifamily properties are required to file the multifamily affordability estimator mae.

How to fill out multifamily affordability estimator mae?

The multifamily affordability estimator mae can be filled out online through the designated platform provided by the housing authority.

What is the purpose of multifamily affordability estimator mae?

The purpose of the multifamily affordability estimator mae is to ensure that multifamily properties are providing affordable housing options to residents.

What information must be reported on multifamily affordability estimator mae?

Information such as property income, number of units, rental rates, and tenant income must be reported on the multifamily affordability estimator mae.

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