Internal Revenue Bulletin:  2008-10 

March 10, 2008 

Rev. Proc. 2008-17


SECTION 1. PURPOSE

This revenue procedure provides issuers of qualified mortgage bonds, as defined in section 143(a) of the Internal Revenue 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.

.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), (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 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 Temporary Income Tax Regulations (issued under section 103A of the Internal Revenue Code of 1954, the predecessor of section 143) 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 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 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. 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, 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.

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. 2007-26, 2007-13 I.R.B. 814.

.12 The nationwide average purchase price limitation was last published in section 4.02 of Rev. Proc. 2007-26. 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. 2007-31, 2007-19 I.R.B. 1225.

.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 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.  The Treasury Department and the Internal Revenue Service have determined that FHA loan limits provide a reasonable basis for determining average area purchase price safe harbors. If the Treasury Department and the Internal Revenue Service 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 January 18, 2008. 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 January 18, 2008.

.16 OMB Bulletin No. 03-04, dated and effective June 6, 2003, revised the 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. 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 (except for Alaska, for which a separate safe harbor is provided for statistical areas not listed).

.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 January 18, 2008, 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 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 .76.

.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).

.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. 2007-26, the issuer must use the nationwide average purchase price set forth in section 4.02 of Rev. Proc. 2007-26 in computing the housing cost/income ratio under section 143(f)(5). Likewise, if, pursuant to section 6.05 of this revenue procedure, an issuer relies on the nationwide average purchase price published in Rev. Proc. 2007-26, 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.

STATE MSA NAME COUNTY NAME MRB limits
      1 Unit 2 Units 3 Units 4 Units
AK ANCHORAGE, AK (MSA) ANCHORAGE 346,842 390,658 474,671 547,697
  NON-METRO DENALI 316,137 404,668 489,126 607,879
  FAIRBANKS, AK (MSA) FAIRBANKS NORTH 316,250 356,197 432,763 506,495
  JUNEAU, AK (MICRO) JUNEAU 398,750 449,118 545,658 629,605
  KODIAK, AK (MICRO) KODIAK ISLAND 318,750 359,013 436,184 506,495
  ANCHORAGE, AK (MSA) MATANUSKA-SUSIT 346,842 390,658 474,671 547,697
  NON-METRO SITKA 431,250 485,724 590,132 680,921
  NON-METRO YAKUTAT CITY 316,137 404,668 489,126 607,879
             
AZ NON-METRO APACHE 281,250 337,168 407,558 506,495
  FLAGSTAFF, AZ (MSA) COCONINO 450,000 506,842 615,789 710,526
  PAYSON, AZ (MICRO) GILA 325,000 366,053 444,737 513,158
  PHOENIX-MESA-SCOTTSDALE, AZ (MSA) MARICOPA 346,250 389,987 473,816 546,711
  LAKE HAVASU CITY-KINGMAN, AZ (MICRO) MOHAVE 321,842 362,500 440,461 508,224
  NON-METRO NAVAJO 307,684 346,553 421,041 506,495
  TUCSON, AZ (MSA) PIMA 315,592 355,461 431,908 506,495
  PHOENIX-MESA-SCOTTSDALE, AZ (MSA) PINAL 346,250 389,987 473,816 546,711
  PRESCOTT, AZ (MSA) YAVAPAI 389,250 438,418 532,658 614,605
             
CA OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION ALAMEDA 477,355 611,117 738,699 918,021
  NON-METRO ALPINE 477,355 611,117 738,699 918,021
  NON-METRO AMADOR 443,750 506,842 615,789 710,526
  CHICO, CA (MSA) BUTTE 400,000 450,526 547,368 631,579
  NON-METRO CALAVERAS 477,355 550,461 668,816 774,671
  NON-METRO COLUSA 397,500 447,711 543,947 627,632
  OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION CONTRA COSTA 477,355 611,117 738,699 918,021
  CRESCENT CITY, CA (MICRO) DEL NORTE 311,250 350,566 425,921 506,495
  SACRAMENTO-ARDEN-ARCADE-ROSEVILLE, CA (MSA) EL DORADO 477,355 587,092 713,289 823,026
  FRESNO, CA (MSA) FRESNO 381,250 429,408 521,711 601,974
  NON-METRO GLENN 286,842 337,168 407,558 506,495
  EUREKA-ARCATA-FORTUNA, CA (MICRO) HUMBOLDT 393,750 443,487 538,816 621,711
  EL CENTRO, CA (MSA) IMPERIAL 308,750 347,750 422,500 506,495
  BISHOP, CA (MICRO) INYO 477,355 542,039 658,553 759,868
  BAKERSFIELD, CA (MSA) KERN 368,750 415,329 504,605 582,237
  HANFORD-CORCORAN, CA (MSA) KINGS 312,316 351,766 427,379 506,495
  CLEARLAKE, CA (MICRO) LAKE 401,250 451,934 549,079 633,553
  SUSANVILLE, CA (MICRO) LASSEN 285,000 337,168 407,558 506,495
  LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION LOS ANGELES 477,355 611,117 738,699 918,021
  MADERA, CA (MSA) MADERA 425,000 478,684 581,579 671,053
  SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN MARIN 477,355 611,117 738,699 918,021
  NON-METRO MARIPOSA 411,704 464,605 564,474 651,316
  UKIAH, CA (MICRO) MENDOCINO 477,355 563,158 684,211 789,474
  MERCED, CA (MSA) MERCED 471,557 531,122 645,288 744,564
  NON-METRO MONO 477,355 611,117 738,699 918,021
  SALINAS, CA (MSA) MONTEREY 477,355 611,117 738,699 918,021
  NAPA, CA (MSA) NAPA 477,355 611,117 738,699 918,021
  TRUCKEE-GRASS VALLEY, CA (MICRO) NEVADA 477,355 611,117 738,699 918,021
  SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION ORANGE 477,355 611,117 738,699 918,021
  SACRAMENTO-ARDEN-ARCADE-ROSEVILLE, CA (MSA) PLACER 477,355 587,092 713,289 823,026
  NON-METRO PLUMAS 410,000 461,789 561,053 647,368
  RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (MSA) RIVERSIDE 477,355 561,711 682,500 787,500
  SACRAMENTO-ARDEN-ARCADE-ROSEVILLE, CA (MSA) SACRAMENTO 477,355 587,092 713,289 823,026
  SAN JOSE-SUNNYVALE-SANTA CLARA, CA (MSA) SAN BENITO 477,355 611,117 738,699 918,021
  RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (MSA) SAN BERNARDINO 477,355 561,711 682,500 787,500
  SAN DIEGO-CARLSBAD-SAN MARCOS, CA (MSA) SAN DIEGO 477,355 611,117 738,699 918,021
  SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN SAN FRANCISCO 477,355 611,117 738,699 918,021
  STOCKTON, CA (MSA) SAN JOAQUIN 477,355 549,079 667,105 769,737
  SAN LUIS OBISPO-PASO ROBLES, CA (MSA) SAN LUIS OBISPO 477,355 611,117 738,699 918,021
  SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN SAN MATEO 477,355 611,117 738,699 918,021
  SANTA BARBARA-SANTA MARIA, CA (MSA) SANTA BARBARA 477,355 611,117 738,699 918,021
  SAN JOSE-SUNNYVALE-SANTA CLARA, CA (MSA) SANTA CLARA 477,355 611,117 738,699 918,021
  SANTA CRUZ-WATSONVILLE, CA (MSA) SANTA CRUZ 477,355 611,117 738,699 918,021
  REDDING, CA (MSA) SHASTA 423,625 477,136 579,697 668,882
  NON-METRO SIERRA 281,250 337,168 407,558 506,495
  NON-METRO SISKIYOU 293,750 337,168 407,558 506,495
  VALLEJO-FAIRFIELD, CA (MSA) SOLANO 477,355 611,117 738,699 907,895
  SANTA ROSA-PETALUMA, CA (MSA) SONOMA 477,355 611,117 738,699 918,021
  MODESTO, CA (MSA) STANISLAUS 477,355 537,653 653,222 753,718
  YUBA CITY, CA (MSA) SUTTER 424,680 478,325 581,142 670,549
  RED BLUFF, CA (MICRO) TEHAMA 312,500 351,974 427,632 506,495
  VISALIA-PORTERVILLE, CA (MSA) TULARE 325,000 366,053 444,737 513,158
  PHOENIX LAKE-CEDAR RIDGE, CA (MICRO) TUOLUMNE 437,500 492,763 598,684 690,789
  OXNARD-THOUSAND OAKS-VENTURA, CA (MSA) VENTURA 477,355 611,117 738,699 918,021
  SACRAMENTO-ARDEN-ARCADE-ROSEVILLE, CA (MSA) YOLO 477,355 587,092 713,289 823,026
  YUBA CITY, CA (MSA) YUBA 424,680 478,325 581,142 670,549
             
CO DENVER-AURORA, CO (MSA) ADAMS 405,750 457,003 555,237 640,658
  DENVER-AURORA, CO (MSA) ARAPAHOE 405,750 457,003 555,237 640,658
  NON-METRO ARCHULETA 263,487 337,168 407,558 506,495
  BOULDER, CO (MSA) BOULDER 459,375 517,401 628,618 725,329
  DENVER-AURORA, CO (MSA) BROOMFIELD 405,750 457,003 555,237 640,658
  DENVER-AURORA, CO (MSA) CLEAR CREEK 405,750 457,003 555,237 640,658
  DENVER-AURORA, CO (MSA) DENVER 405,750 457,003 555,237 640,658
  DENVER-AURORA, CO (MSA) DOUGLAS 405,750 457,003 555,237 640,658
  EDWARDS, CO (MICRO) EAGLE 477,355 537,653 653,222 753,718
  COLORADO SPRINGS, CO (MSA) EL PASO 325,000 366,053 444,737 513,158
  DENVER-AURORA, CO (MSA) ELBERT 405,750 457,003 555,237 640,658
  NON-METRO GARFIELD 393,209 442,878 538,075 620,857
  DENVER-AURORA, CO (MSA) GILPIN 405,750 457,003 555,237 640,658
  NON-METRO GRAND 293,750 337,168 407,558 506,495
  DENVER-AURORA, CO (MSA) JEFFERSON 405,750 457,003 555,237 640,658
  DURANGO, CO (MICRO) LA PLATA 443,750 499,803 607,237 700,658
  EDWARDS, CO (MICRO) LAKE 477,355 537,653 653,222 753,718
  FORT COLLINS-LOVELAND, CO (MSA) LARIMER 312,500 351,974 427,632 506,495
  GRAND JUNCTION, CO (MSA) MESA 371,250 418,145 508,026 586,184
  DENVER-AURORA, CO (MSA) PARK 405,750 457,003 555,237 640,658
  NON-METRO PITKIN 381,999 488,975 591,028 734,521
  NON-METRO ROUTT 398,026 448,303 544,667 628,462
  NON-METRO SAN MIGUEL 477,355 611,117 738,699 918,021
  SILVERTHORNE, CO (MICRO) SUMMIT 431,250 485,724 590,132 680,921
  COLORADO SPRINGS, CO (MSA) TELLER 325,000 366,053 444,737 513,158
  GREELEY, CO (MSA) WELD 416,547 469,163 570,012 657,707
             
CT BRIDGEPORT-STAMFORD-NORWALK, CT (MSA) FAIRFIELD 477,355 611,117 738,699 918,021
  HARTFORD-WEST HARTFORD-EAST HARTFORD, CT (MSA) HARTFORD 439,125 494,593 600,908 693,355
  TORRINGTON, CT (MICRO) LITCHFIELD 375,000 422,368 513,158 592,105
  HARTFORD-WEST HARTFORD-EAST HARTFORD, CT (MSA) MIDDLESEX 439,125 494,593 600,908 693,355
  NEW HAVEN-MILFORD, CT (MSA) NEW HAVEN 387,500 436,447 530,263 611,842
  NORWICH-NEW LONDON, CT (MSA) NEW LONDON 398,750 449,118 545,658 629,605
  HARTFORD-WEST HARTFORD-EAST HARTFORD, CT (MSA) TOLLAND 439,125 494,593 600,908 693,355
             
DC WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO DISTRICT OF COL 477,355 611,117 738,699 888,158
             
DE DOVER, DE (MSA) KENT 375,093 422,474 513,286 592,253
  WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION NEW CASTLE 385,112 433,758 526,996 608,072
  SEAFORD, DE (MICRO) SUSSEX 325,000 366,053 444,737 513,158
             
FL GAINESVILLE, FL (MSA) ALACHUA 269,000 337,168 407,558 506,495
  JACKSONVILLE, FL (MSA) BAKER 387,500 436,447 530,263 611,842
  PANAMA CITY-LYNN HAVEN, FL (MSA) BAY 396,000 446,021 541,895 625,263
  PALM BAY-MELBOURNE-TITUSVILLE, FL (MSA) BREVARD 291,250 337,168 407,558 506,495
  FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL BROWARD 477,355 544,336 661,343 763,088
  PUNTA GORDA, FL (MSA) CHARLOTTE 295,012 337,168 407,558 506,495
  JACKSONVILLE, FL (MSA) CLAY 387,500 436,447 530,263 611,842
  NAPLES-MARCO ISLAND, FL (MSA) COLLIER 477,355 563,017 684,039 789,276
  JACKSONVILLE, FL (MSA) DUVAL 387,500 436,447 530,263 611,842
  PALM COAST, FL (MICRO) FLAGLER 287,500 337,168 407,558 506,495
  GAINESVILLE, FL (MSA) GILCHRIST 269,000 337,168 407,558 506,495
  TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA) HERNANDO 292,500 337,168 407,558 506,495
  TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA) HILLSBOROUGH 292,500 337,168 407,558 506,495
  SEBASTIAN-VERO BEACH, FL (MSA) INDIAN RIVER 281,250 337,168 407,558 506,495
  ORLANDO-KISSIMMEE, FL (MSA) LAKE 353,750 398,434 484,079 558,553
  CAPE CORAL-FORT MYERS, FL (MSA) LEE 356,250 401,250 487,500 562,500
  SARASOTA-BRADENTON-VENICE, FL (MSA) MANATEE 442,237 498,097 605,166 698,268
  PORT ST. LUCIE-FORT PIERCE, FL (MSA) MARTIN 364,000 409,979 498,105 574,737
  MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION MIAMI-DADE 477,355 544,336 661,343 763,088
  KEY WEST-MARATHON, FL (MICRO) MONROE 477,355 611,117 738,699 918,021
  JACKSONVILLE, FL (MSA) NASSAU 387,500 436,447 530,263 611,842
  FORT WALTON BEACH-CRESTVIEW-DESTIN, FL (MSA) OKALOOSA 312,375 351,833 427,461 506,495
  ORLANDO-KISSIMMEE, FL (MSA) ORANGE 353,750 398,434 484,079 558,553
  ORLANDO-KISSIMMEE, FL (MSA) OSCEOLA 353,750 398,434 484,079 558,553
  WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METRO PALM BEACH 477,355 544,336 661,343 763,088
  TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA) PASCO 292,500 337,168 407,558 506,495
  TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA) PINELLAS 292,500 337,168 407,558 506,495
  LAKELAND, FL (MSA) POLK 270,000 337,168 407,558 506,495
  SARASOTA-BRADENTON-VENICE, FL (MSA) SARASOTA 442,237 498,097 605,166 698,268
  ORLANDO-KISSIMMEE, FL (MSA) SEMINOLE 353,750 398,434 484,079 558,553
  JACKSONVILLE, FL (MSA) ST. JOHNS 387,500 436,447 530,263 611,842
  PORT ST. LUCIE-FORT PIERCE, FL (MSA) ST. LUCIE 364,000 409,979 498,105 574,737
  THE VILLAGES, FL (MICRO) SUMTER 278,125 337,168 407,558 506,495
  DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (MSA) VOLUSIA 302,864 341,121 414,446 506,495
  NON-METRO WALTON 477,355 538,520 654,276 791,700
             
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) BARROW 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) BARTOW 332,750 374,782 455,342 525,395
  BRUNSWICK, GA (MSA) BRANTLEY 275,921 337,168 407,558 506,495
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) BUTTS 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) CARROLL 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) CHEROKEE 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) CLAYTON 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) COBB 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) COWETA 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) DAWSON 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) DEKALB 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) DOUGLAS 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) FAYETTE 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) FORSYTH 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) FULTON 332,750 374,782 455,342 525,395
  BRUNSWICK, GA (MSA) GLYNN 275,921 337,168 407,558 506,495
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) GWINNETT 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) HARALSON 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) HEARD 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) HENRY 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) JASPER 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) LAMAR 332,750 374,782 455,342 525,395
  BRUNSWICK, GA (MSA) MCINTOSH 275,921 337,168 407,558 506,495
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) MERIWETHER 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) NEWTON 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) PAULDING 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) PICKENS 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) PIKE 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) ROCKDALE 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) SPALDING 332,750 374,782 455,342 525,395
  ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) WALTON 332,750 374,782 455,342 525,395
             
HI HILO, HI (MICRO) HAWAII 618,750 696,908 846,711 976,974
  HONOLULU, HI (MSA) HONOLULU 716,033 865,929 1,052,063 1,213,918
  KAPAA, HI (MICRO) KAUAI 716,033 851,776 1,034,868 1,194,079
  KAHULUI-WAILUKU, HI (MICRO) MAUI 716,033 840,461 1,021,184 1,178,289
             
ID BOISE CITY-NAMPA, ID (MSA) ADA 303,750 342,118 415,658 506,495
  NON-METRO BLAINE 477,355 584,276 709,868 819,079
  BOISE CITY-NAMPA, ID (MSA) BOISE 303,750 342,118 415,658 506,495
  BOISE CITY-NAMPA, ID (MSA) CANYON 303,750 342,118 415,658 506,495
  BOISE CITY-NAMPA, ID (MSA) GEM 303,750 342,118 415,658 506,495
  COEUR D’ALENE, ID (MSA) KOOTENAI 286,250 337,168 407,558 506,495
  BOISE CITY-NAMPA, ID (MSA) OWYHEE 303,750 342,118 415,658 506,495
  JACKSON, WY-ID (MICRO) TETON 477,355 611,117 738,699 918,021
  NON-METRO VALLEY 416,842 469,495 570,461 658,224
             
IL ST. LOUIS, MO-IL (MSA) BOND 281,250 337,168 407,558 506,495
  ST. LOUIS, MO-IL (MSA) CALHOUN 281,250 337,168 407,558 506,495
  ST. LOUIS, MO-IL (MSA) CLINTON 281,250 337,168 407,558 506,495
  CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION COOK 362,105 407,845 495,512 571,745
  CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION DEKALB 362,105 407,845 495,512 571,745
  CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION DUPAGE 362,105 407,845 495,512 571,745
  CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION GRUNDY 362,105 407,845 495,512 571,745
  ST. LOUIS, MO-IL (MSA) JERSEY 281,250 337,168 407,558 506,495
  CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION KANE 362,105 407,845 495,512 571,745
  CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION KENDALL 362,105 407,845 495,512 571,745
  LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIV LAKE 362,105 407,845 495,512 571,745
  ST. LOUIS, MO-IL (MSA) MACOUPIN 281,250 337,168 407,558 506,495
  ST. LOUIS, MO-IL (MSA) MADISON 281,250 337,168 407,558 506,495
  CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION MCHENRY 362,105 407,845 495,512 571,745
  ST. LOUIS, MO-IL (MSA) MONROE 281,250 337,168 407,558 506,495
  ST. LOUIS, MO-IL (MSA) ST. CLAIR 281,250 337,168 407,558 506,495
  CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION WILL 362,105 407,845 495,512 571,745
             
IN LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) CLARK 301,875 340,007 413,092 506,495
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) DEARBORN 337,500 380,132 461,842 532,895
  LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) FLOYD 301,875 340,007 413,092 506,495
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) FRANKLIN 337,500 380,132 461,842 532,895
  LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) HARRISON 301,875 340,007 413,092 506,495
  GARY, IN METROPOLITAN DIVISION JASPER 362,105 407,845 495,512 571,745
  GARY, IN METROPOLITAN DIVISION LAKE 362,105 407,845 495,512 571,745
  GARY, IN METROPOLITAN DIVISION NEWTON 362,105 407,845 495,512 571,745
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) OHIO 337,500 380,132 461,842 532,895
  GARY, IN METROPOLITAN DIVISION PORTER 362,105 407,845 495,512 571,745
  LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) WASHINGTON 301,875 340,007 413,092 506,495
             
KS KANSAS CITY, MO-KS (MSA) FRANKLIN 268,750 337,168 407,558 506,495
  KANSAS CITY, MO-KS (MSA) JOHNSON 268,750 337,168 407,558 506,495
  KANSAS CITY, MO-KS (MSA) LEAVENWORTH 268,750 337,168 407,558 506,495
  KANSAS CITY, MO-KS (MSA) LINN 268,750 337,168 407,558 506,495
  KANSAS CITY, MO-KS (MSA) MIAMI 268,750 337,168 407,558 506,495
  KANSAS CITY, MO-KS (MSA) WYANDOTTE 268,750 337,168 407,558 506,495
             
KY CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) BOONE 337,500 380,132 461,842 532,895
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) BRACKEN 337,500 380,132 461,842 532,895
  LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) BULLITT 301,875 340,007 413,092 506,495
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) CAMPBELL 337,500 380,132 461,842 532,895
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) GALLATIN 337,500 380,132 461,842 532,895
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) GRANT 337,500 380,132 461,842 532,895
  LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) HENRY 301,875 340,007 413,092 506,495
  LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) JEFFERSON 301,875 340,007 413,092 506,495
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) KENTON 337,500 380,132 461,842 532,895
  LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) MEADE 301,875 340,007 413,092 506,495
  LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) NELSON 301,875 340,007 413,092 506,495
  LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) OLDHAM 301,875 340,007 413,092 506,495
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) PENDLETON 337,500 380,132 461,842 532,895
  LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) SHELBY 301,875 340,007 413,092 506,495
  LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) SPENCER 301,875 340,007 413,092 506,495
  LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) TRIMBLE 301,875 340,007 413,092 506,495
             
LA NEW ORLEANS-METAIRIE-KENNER, LA (MSA) JEFFERSON 287,500 337,168 407,558 506,495
  NEW ORLEANS-METAIRIE-KENNER, LA (MSA) ORLEANS 287,500 337,168 407,558 506,495
  NEW ORLEANS-METAIRIE-KENNER, LA (MSA) PLAQUEMINES 287,500 337,168 407,558 506,495
  NEW ORLEANS-METAIRIE-KENNER, LA (MSA) ST. BERNARD 287,500 337,168 407,558 506,495
  NEW ORLEANS-METAIRIE-KENNER, LA (MSA) ST. CHARLES 287,500 337,168 407,558 506,495
  NEW ORLEANS-METAIRIE-KENNER, LA (MSA) ST. JOHN THE BA 287,500 337,168 407,558 506,495
  NEW ORLEANS-METAIRIE-KENNER, LA (MSA) ST. TAMMANY 287,500 337,168 407,558 506,495
             
MA BARNSTABLE TOWN, MA (MSA) BARNSTABLE 477,355 577,237 701,316 809,211
  PITTSFIELD, MA (MSA) BERKSHIRE 269,125 337,168 407,558 506,495
  PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA) BRISTOL 416,250 472,891 571,567 710,309
  NON-METRO DUKES 477,355 611,117 738,699 918,021
  ESSEX COUNTY, MA METROPOLITAN DIVISION ESSEX 477,355 606,728 737,146 850,554
  SPRINGFIELD, MA (MSA) FRANKLIN 273,500 337,168 407,558 506,495
  SPRINGFIELD, MA (MSA) HAMPDEN 273,500 337,168 407,558 506,495
  SPRINGFIELD, MA (MSA) HAMPSHIRE 273,500 337,168 407,558 506,495
  CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION MIDDLESEX 477,355 606,728 737,146 850,554
  NON-METRO NANTUCKET 477,355 611,117 738,699 918,021
  BOSTON-QUINCY, MA METROPOLITAN DIVISION NORFOLK 477,355 606,728 737,146 850,554
  BOSTON-QUINCY, MA METROPOLITAN DIVISION PLYMOUTH 477,355 606,728 737,146 850,554
  BOSTON-QUINCY, MA METROPOLITAN DIVISION SUFFOLK 477,355 606,728 737,146 850,554
  WORCESTER, MA (MSA) WORCESTER 385,000 488,975 591,028 734,521
             
MD BALTIMORE-TOWSON, MD (MSA) ANNE ARUNDEL 477,355 537,653 653,222 753,718
  BALTIMORE-TOWSON, MD (MSA) BALTIMORE 477,355 537,653 653,222 753,718
  BALTIMORE-TOWSON, MD (MSA) BALTIMORE CITY 477,355 537,653 653,222 753,718
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO CALVERT 477,355 611,117 738,699 888,158
  BALTIMORE-TOWSON, MD (MSA) CARROLL 477,355 537,653 653,222 753,718
  WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION CECIL 385,112 433,758 526,996 608,072
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO CHARLES 477,355 611,117 738,699 888,158
  BETHESDA-GAITHERSBURG-FREDERICK, MD METRO FREDERICK 477,355 611,117 738,699 888,158
  NON-METRO GARRETT 437,500 492,763 598,684 690,789
  BALTIMORE-TOWSON, MD (MSA) HARFORD 477,355 537,653 653,222 753,718
  BALTIMORE-TOWSON, MD (MSA) HOWARD 477,355 537,653 653,222 753,718
  NON-METRO KENT 327,089 368,405 447,596 516,457
  BETHESDA-GAITHERSBURG-FREDERICK, MD METRO MONTGOMERY 477,355 611,117 738,699 888,158
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO PRINCE GEORGE’S 477,355 611,117 738,699 888,158
  BALTIMORE-TOWSON, MD (MSA) QUEEN ANNE’S 477,355 537,653 653,222 753,718
  SALISBURY, MD (MSA) SOMERSET 328,737 370,262 449,851 519,059
  LEXINGTON PARK, MD (MICRO) ST. MARY’S 381,250 429,408 521,711 601,974
  EASTON, MD (MICRO) TALBOT 371,250 418,145 508,026 599,342
  HAGERSTOWN-MARTINSBURG, MD-WV (MSA) WASHINGTON 377,500 425,184 516,579 596,053
  SALISBURY, MD (MSA) WICOMICO 328,737 370,262 449,851 519,059
  OCEAN PINES, MD (MICRO) WORCESTER 437,499 492,761 598,682 690,787
             
ME PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME (MSA) CUMBERLAND 336,875 379,428 460,987 531,908
  NON-METRO HANCOCK 272,500 337,168 407,558 506,495
  NON-METRO LINCOLN 317,625 357,746 434,645 506,495
  PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME (MSA) SAGADAHOC 336,875 379,428 460,987 531,908
  PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME (MSA) YORK 336,875 379,428 460,987 531,908
             
MI NILES-BENTON HARBOR, MI (MSA) BERRIEN 298,750 337,168 408,816 506,495
  KALAMAZOO-PORTAGE, MI (MSA) KALAMAZOO 285,625 337,168 407,558 506,495
  WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN LAPEER 297,500 337,168 407,558 506,495
  ADRIAN, MI (MICRO) LENAWEE 297,500 337,168 407,558 506,495
  WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN LIVINGSTON 297,500 337,168 407,558 506,495
  WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN MACOMB 297,500 337,168 407,558 506,495
  MONROE, MI (MSA) MONROE 297,500 337,168 407,558 506,495
  WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN OAKLAND 297,500 337,168 407,558 506,495
  WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN ST. CLAIR 297,500 337,168 407,558 506,495
  KALAMAZOO-PORTAGE, MI (MSA) VAN BUREN 285,625 337,168 407,558 506,495
  ANN ARBOR, MI (MSA) WASHTENAW 344,875 388,438 471,934 544,539
  DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION WAYNE 297,500 337,168 407,558 506,495
             
MN MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) ANOKA 364,057 410,042 498,183 574,826
  MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) CARVER 364,057 410,042 498,183 574,826
  MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) CHISAGO 364,057 410,042 498,183 574,826
  MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) DAKOTA 364,057 410,042 498,183 574,826
  MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) HENNEPIN 364,057 410,042 498,183 574,826
  MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) ISANTI 364,057 410,042 498,183 574,826
  MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) RAMSEY 364,057 410,042 498,183 574,826
  MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) SCOTT 364,057 410,042 498,183 574,826
  MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) SHERBURNE 364,057 410,042 498,183 574,826
  MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) WASHINGTON 364,057 410,042 498,183 574,826
  MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) WRIGHT 364,057 410,042 498,183 574,826
             
MO KANSAS CITY, MO-KS (MSA) BATES 268,750 337,168 407,558 506,495
  KANSAS CITY, MO-KS (MSA) CALDWELL 268,750 337,168 407,558 506,495
  KANSAS CITY, MO-KS (MSA) CASS 268,750 337,168 407,558 506,495
  KANSAS CITY, MO-KS (MSA) CLAY 268,750 337,168 407,558 506,495
  KANSAS CITY, MO-KS (MSA) CLINTON 268,750 337,168 407,558 506,495
  ST. LOUIS, MO-IL (MSA) CRAWFORD 281,250 337,168 407,558 506,495
  ST. LOUIS, MO-IL (MSA) FRANKLIN 281,250 337,168 407,558 506,495
  KANSAS CITY, MO-KS (MSA) JACKSON 268,750 337,168 407,558 506,495
  ST. LOUIS, MO-IL (MSA) JEFFERSON 281,250 337,168 407,558 506,495
  KANSAS CITY, MO-KS (MSA) LAFAYETTE 268,750 337,168 407,558 506,495
  ST. LOUIS, MO-IL (MSA) LINCOLN 281,250 337,168 407,558 506,495
  KANSAS CITY, MO-KS (MSA) PLATTE 268,750 337,168 407,558 506,495
  KANSAS CITY, MO-KS (MSA) RAY 268,750 337,168 407,558 506,495
  ST. LOUIS, MO-IL (MSA) ST. CHARLES 281,250 337,168 407,558 506,495
  ST. LOUIS, MO-IL (MSA) ST. LOUIS 281,250 337,168 407,558 506,495
  ST. LOUIS, MO-IL (MSA) ST. LOUIS CITY 281,250 337,168 407,558 506,495
  ST. LOUIS, MO-IL (MSA) WARREN 281,250 337,168 407,558 506,495
  ST. LOUIS, MO-IL (MSA) WASHINGTON 281,250 337,168 407,558 506,495
             
MT KALISPELL, MT (MICRO) FLATHEAD 299,875 337,754 410,355 506,495
  BOZEMAN, MT (MICRO) GALLATIN 331,250 373,092 453,289 523,026
  MISSOULA, MT (MSA) MISSOULA 290,625 337,168 407,558 506,495
             
NC CHARLOTTE-GASTONIA-CONCORD, NC-SC (MSA) ANSON 303,250 341,555 414,974 506,495
  WILMINGTON, NC (MSA) BRUNSWICK 303,125 341,414 414,803 506,495
  ASHEVILLE, NC (MSA) BUNCOMBE 303,125 341,414 414,803 506,495
  CHARLOTTE-GASTONIA-CONCORD, NC-SC (MSA) CABARRUS 303,250 341,555 414,974 506,495
  MOREHEAD CITY, NC (MICRO) CARTERET 287,500 337,168 407,558 506,495
  DURHAM, NC (MSA) CHATHAM 312,500 351,974 427,632 506,495
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) CURRITUCK 412,500 464,605 564,474 651,316
  KILL DEVIL HILLS, NC (MICRO) DARE 460,000 518,105 629,474 726,316
  DURHAM, NC (MSA) DURHAM 312,500 351,974 427,632 506,495
  RALEIGH-CARY, NC (MSA) FRANKLIN 295,000 337,168 407,558 506,495
  CHARLOTTE-GASTONIA-CONCORD, NC-SC (MSA) GASTON 303,250 341,555 414,974 506,495
  ASHEVILLE, NC (MSA) HAYWOOD 303,125 341,414 414,803 506,495
  ASHEVILLE, NC (MSA) HENDERSON 303,125 341,414 414,803 506,495
  RALEIGH-CARY, NC (MSA) JOHNSTON 295,000 337,168 407,558 506,495
  ASHEVILLE, NC (MSA) MADISON 303,125 341,414 414,803 506,495
  CHARLOTTE-GASTONIA-CONCORD, NC-SC (MSA) MECKLENBURG 303,250 341,555 414,974 506,495
  WILMINGTON, NC (MSA) NEW HANOVER 303,125 341,414 414,803 506,495
  JACKSONVILLE, NC (MSA) ONSLOW 306,250 344,934 419,079 506,495
  DURHAM, NC (MSA) ORANGE 312,500 351,974 427,632 506,495
  WILMINGTON, NC (MSA) PENDER 303,125 341,414 414,803 506,495
  DURHAM, NC (MSA) PERSON 312,500 351,974 427,632 506,495
  CHARLOTTE-GASTONIA-CONCORD, NC-SC (MSA) UNION 303,250 341,555 414,974 506,495
  RALEIGH-CARY, NC (MSA) WAKE 295,000 337,168 407,558 506,495
             
NH MANCHESTER-NASHUA, NH (MSA) HILLSBOROUGH 401,875 488,975 591,028 734,521
  CONCORD, NH (MICRO) MERRIMACK 277,500 337,168 407,558 506,495
  ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN ROCKINGHAM 477,355 606,728 737,146 850,554
  ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN STRAFFORD 477,355 606,728 737,146 850,554
             
NJ ATLANTIC CITY, NJ (MSA) ATLANTIC 453,750 511,066 620,921 716,447
  NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO BERGEN 477,355 611,117 738,699 918,021
  CAMDEN, NJ METROPOLITAN DIVISION BURLINGTON 385,112 433,758 526,996 608,072
  CAMDEN, NJ METROPOLITAN DIVISION CAMDEN 385,112 433,758 526,996 608,072
  OCEAN CITY, NJ (MSA) CAPE MAY 477,355 558,934 679,079 783,553
  VINELAND-MILLVILLE-BRIDGETON, NJ (MSA) CUMBERLAND 405,000 456,158 554,211 639,474
  NEWARK-UNION, NJ-PA METROPOLITAN DIVISION ESSEX 477,355 611,117 738,699 918,021
  CAMDEN, NJ METROPOLITAN DIVISION GLOUCESTER 385,112 433,758 526,996 608,072
  NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO HUDSON 477,355 611,117 738,699 918,021
  NEWARK-UNION, NJ-PA METROPOLITAN DIVISION HUNTERDON 477,355 611,117 738,699 918,021
  TRENTON-EWING, NJ (MSA) MERCER 439,550 495,071 601,489 694,026
  EDISON, NJ METROPOLITAN DIVISION MIDDLESEX 477,355 611,117 738,699 918,021
  EDISON, NJ METROPOLITAN DIVISION MONMOUTH 477,355 611,117 738,699 918,021
  NEWARK-UNION, NJ-PA METROPOLITAN DIVISION MORRIS 477,355 611,117 738,699 918,021
  EDISON, NJ METROPOLITAN DIVISION OCEAN 477,355 611,117 738,699 918,021
  NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO PASSAIC 477,355 611,117 738,699 918,021
  WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION SALEM 385,112 433,758 526,996 608,072
  EDISON, NJ METROPOLITAN DIVISION SOMERSET 477,355 611,117 738,699 918,021
  NEWARK-UNION, NJ-PA METROPOLITAN DIVISION SUSSEX 477,355 611,117 738,699 918,021
  NEWARK-UNION, NJ-PA METROPOLITAN DIVISION UNION 477,355 611,117 738,699 918,021
  ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (MSA) WARREN 402,192 459,255 557,974 643,816
             
NM LOS ALAMOS, NM (MICRO) LOS ALAMOS 318,750 359,013 436,184 506,495
  FARMINGTON, NM (MSA) SAN JUAN 281,250 337,168 407,558 506,495
  SANTA FE, NM (MSA) SANTA FE 426,432 480,296 583,538 673,313
             
NV CARSON CITY, NV (MSA) CARSON CITY 398,750 449,118 545,658 629,605
  LAS VEGAS-PARADISE, NV (MSA) CLARK 400,000 450,526 547,368 631,579
  GARDNERVILLE RANCHOS, NV (MICRO) DOUGLAS 477,355 582,829 708,158 817,105
  ELKO, NV (MICRO) ELKO 325,000 366,053 444,737 513,158
  ELKO, NV (MICRO) EUREKA 325,000 366,053 444,737 513,158
  FERNLEY, NV (MICRO) LYON 331,250 373,092 453,289 523,026
  PAHRUMP, NV (MICRO) NYE 325,000 366,053 444,737 513,158
  RENO-SPARKS, NV (MSA) STOREY 477,355 537,653 653,222 753,718
  RENO-SPARKS, NV (MSA) WASHOE 477,355 537,653 653,222 753,718
             
NY ALBANY-SCHENECTADY-TROY, NY (MSA) ALBANY 312,375 351,833 427,461 506,495
  NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO BRONX 477,355 611,117 738,699 918,021
  POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (MSA) DUTCHESS 443,750 499,803 607,237 700,658
  BUFFALO-NIAGARA FALLS, NY (MSA) ERIE 275,075 337,168 407,558 506,495
  NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO KINGS 477,355 611,117 738,699 918,021
  ROCHESTER, NY (MSA) LIVINGSTON 268,750 337,168 407,558 506,495
  SYRACUSE, NY (MSA) MADISON 281,250 337,168 407,558 506,495
  ROCHESTER, NY (MSA) MONROE 268,750 337,168 407,558 506,495
  NASSAU-SUFFOLK, NY METROPOLITAN DIVISION NASSAU 477,355 611,117 738,699 918,021
  NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO NEW YORK 477,355 611,117 738,699 918,021
  BUFFALO-NIAGARA FALLS, NY (MSA) NIAGARA 275,075 337,168 407,558 506,495
  SYRACUSE, NY (MSA) ONONDAGA 281,250 337,168 407,558 506,495
  ROCHESTER, NY (MSA) ONTARIO 268,750 337,168 407,558 506,495
  POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (MSA) ORANGE 443,750 499,803 607,237 700,658
  ROCHESTER, NY (MSA) ORLEANS 268,750 337,168 407,558 506,495
  SYRACUSE, NY (MSA) OSWEGO 281,250 337,168 407,558 506,495
  NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO PUTNAM 477,355 611,117 738,699 918,021
  NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO QUEENS 477,355 611,117 738,699 918,021
  ALBANY-SCHENECTADY-TROY, NY (MSA) RENSSELAER 312,375 351,833 427,461 506,495
  NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO RICHMOND 477,355 611,117 738,699 918,021
  NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO ROCKLAND 477,355 611,117 738,699 918,021
  ALBANY-SCHENECTADY-TROY, NY (MSA) SARATOGA 312,375 351,833 427,461 506,495
  ALBANY-SCHENECTADY-TROY, NY (MSA) SCHENECTADY 312,375 351,833 427,461 506,495
  ALBANY-SCHENECTADY-TROY, NY (MSA) SCHOHARIE 312,375 351,833 427,461 506,495
  NASSAU-SUFFOLK, NY METROPOLITAN DIVISION SUFFOLK 477,355 611,117 738,699 918,021
  KINGSTON, NY (MSA) ULSTER 406,250 457,566 555,921 641,447
  ROCHESTER, NY (MSA) WAYNE 268,750 337,168 407,558 506,495
  NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO WESTCHESTER 477,355 611,117 738,699 918,021
             
OH ASHTABULA, OH (MICRO) ASHTABULA 290,797 337,168 407,558 506,495
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) BROWN 337,500 380,132 461,842 532,895
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) BUTLER 337,500 380,132 461,842 532,895
  CANTON-MASSILLON, OH (MSA) CARROLL 277,500 337,168 407,558 506,495
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) CLERMONT 337,500 380,132 461,842 532,895
  CLEVELAND-ELYRIA-MENTOR, OH (MSA) CUYAHOGA 297,550 337,168 407,558 506,495
  COLUMBUS, OH (MSA) DELAWARE 307,500 346,342 420,789 506,495
  COLUMBUS, OH (MSA) FAIRFIELD 307,500 346,342 420,789 506,495
  COLUMBUS, OH (MSA) FRANKLIN 307,500 346,342 420,789 506,495
  CLEVELAND-ELYRIA-MENTOR, OH (MSA) GEAUGA 297,550 337,168 407,558 506,495
  DAYTON, OH (MSA) GREENE 271,250 337,168 407,558 506,495
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) HAMILTON 337,500 380,132 461,842 532,895
  CLEVELAND-ELYRIA-MENTOR, OH (MSA) LAKE 297,550 337,168 407,558 506,495
  COLUMBUS, OH (MSA) LICKING 307,500 346,342 420,789 506,495
  CLEVELAND-ELYRIA-MENTOR, OH (MSA) LORAIN 297,550 337,168 407,558 506,495
  COLUMBUS, OH (MSA) MADISON 307,500 346,342 420,789 506,495
  CLEVELAND-ELYRIA-MENTOR, OH (MSA) MEDINA 297,550 337,168 407,558 506,495
  DAYTON, OH (MSA) MIAMI 271,250 337,168 407,558 506,495
  DAYTON, OH (MSA) MONTGOMERY 271,250 337,168 407,558 506,495
  COLUMBUS, OH (MSA) MORROW 307,500 346,342 420,789 506,495
  COLUMBUS, OH (MSA) PICKAWAY 307,500 346,342 420,789 506,495
  AKRON, OH (MSA) PORTAGE 330,000 371,684 451,579 521,053
  DAYTON, OH (MSA) PREBLE 271,250 337,168 407,558 506,495
  CANTON-MASSILLON, OH (MSA) STARK 277,500 337,168 407,558 506,495
  AKRON, OH (MSA) SUMMIT 330,000 371,684 451,579 521,053
  COLUMBUS, OH (MSA) UNION 307,500 346,342 420,789 506,495
  CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) WARREN 337,500 380,132 461,842 532,895
             
OR CORVALLIS, OR (MSA) BENTON 331,842 373,758 454,099 523,961
  PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA) CLACKAMAS 401,250 451,934 549,079 633,553
  ASTORIA, OR (MICRO) CLATSOP 346,842 390,658 474,671 547,697
  PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA) COLUMBIA 401,250 451,934 549,079 633,553
  BEND, OR (MSA) DESCHUTES 447,500 504,026 612,368 706,579
  HOOD RIVER, OR (MICRO) HOOD RIVER 393,750 443,487 538,816 621,711
  MEDFORD, OR (MSA) JACKSON 422,500 475,868 578,158 667,105
  GRANTS PASS, OR (MICRO) JOSEPHINE 324,868 365,904 444,557 512,961
  EUGENE-SPRINGFIELD, OR (MSA) LANE 343,209 386,562 469,655 541,911
  NON-METRO LINCOLN 312,368 351,825 427,451 506,495
  SALEM, OR (MSA) MARION 294,250 337,168 407,558 506,495
  PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA) MULTNOMAH 401,250 451,934 549,079 633,553
  SALEM, OR (MSA) POLK 294,250 337,168 407,558 506,495
  NON-METRO TILLAMOOK 343,750 387,171 470,395 542,763
  PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA) WASHINGTON 401,250 451,934 549,079 633,553
  PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA) YAMHILL 401,250 451,934 549,079 633,553
             
PA PITTSBURGH, PA (MSA) ALLEGHENY 327,500 368,868 448,158 517,105
  PITTSBURGH, PA (MSA) ARMSTRONG 327,500 368,868 448,158 517,105
  PITTSBURGH, PA (MSA) BEAVER 327,500 368,868 448,158 517,105
  READING, PA (MSA) BERKS 300,000 337,895 410,526 506,495
  PHILADELPHIA, PA METROPOLITAN DIVISION BUCKS 385,112 433,758 526,996 608,072
  PITTSBURGH, PA (MSA) BUTLER 327,500 368,868 448,158 517,105
  ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (MSA) CARBON 402,192 459,255 557,974 643,816
  STATE COLLEGE, PA (MSA) CENTRE 279,375 337,168 407,558 506,495
  PHILADELPHIA, PA METROPOLITAN DIVISION CHESTER 385,112 433,758 526,996 608,072
  PHILADELPHIA, PA METROPOLITAN DIVISION DELAWARE 385,112 433,758 526,996 608,072
  PITTSBURGH, PA (MSA) FAYETTE 327,500 368,868 448,158 517,105
  LANCASTER, PA (MSA) LANCASTER 383,250 431,661 524,447 605,132
  ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (MSA) LEHIGH 402,192 459,255 557,974 643,816
  PHILADELPHIA, PA METROPOLITAN DIVISION MONTGOMERY 385,112 433,758 526,996 608,072
  ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (MSA) NORTHAMPTON 402,192 459,255 557,974 643,816
  PHILADELPHIA, PA METROPOLITAN DIVISION PHILADELPHIA 385,112 433,758 526,996 608,072
  NEWARK-UNION, NJ-PA METROPOLITAN DIVISION PIKE 477,355 611,117 738,699 918,021
  PITTSBURGH, PA (MSA) WASHINGTON 327,500 368,868 448,158 517,105
  PITTSBURGH, PA (MSA) WESTMORELAND 327,500 368,868 448,158 517,105
  YORK-HANOVER, PA (MSA) YORK 424,587 478,218 581,014 670,401
             
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) AGUAS BUENAS 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) AIBONITO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) ARECIBO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) BARCELONETA 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) BARRANQUITAS 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) BAYAMON 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CAGUAS 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CAMUY 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CANOVANAS 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CAROLINA 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CATANO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CAYEY 325,000 366,053 444,737 513,158
  FAJARDO, PR (MSA) CEIBA 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CIALES 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CIDRA 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) COMERIO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) COROZAL 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) DORADO 325,000 366,053 444,737 513,158
  FAJARDO, PR (MSA) FAJARDO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) FLORIDA 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) GUAYNABO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) GURABO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) HATILLO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) HUMACAO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) JUNCOS 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) LAS PIEDRAS 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) LOIZA 325,000 366,053 444,737 513,158
  FAJARDO, PR (MSA) LUQUILLO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) MANATI 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) MAUNABO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) MOROVIS 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) NAGUABO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) NARANJITO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) OROCOVIS 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) QUEBRADILLAS 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) RIO GRANDE 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) SAN JUAN 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) SAN LORENZO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) TOA ALTA 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) TOA BAJA 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) TRUJILLO ALTO 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) VEGA ALTA 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) VEGA BAJA 325,000 366,053 444,737 513,158
  SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) YABUCOA 325,000 366,053 444,737 513,158
             
RI PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA) BRISTOL 416,250 472,891 571,567 710,309
  PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA) KENT 416,250 472,891 571,567 710,309
  PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA) NEWPORT 416,250 472,891 571,567 710,309
  PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA) PROVIDENCE 416,250 472,891 571,567 710,309
  PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA) WASHINGTON 416,250 472,891 571,567 710,309
             
SC HILTON HEAD ISLAND-BEAUFORT, SC (MICRO) BEAUFORT 373,750 420,961 511,447 590,132
  CHARLESTON-NORTH CHARLESTON, SC (MSA) BERKELEY 334,375 376,612 457,566 527,961
  CHARLESTON-NORTH CHARLESTON, SC (MSA) CHARLESTON 334,375 376,612 457,566 527,961
  CHARLESTON-NORTH CHARLESTON, SC (MSA) DORCHESTER 334,375 376,612 457,566 527,961
  GREENVILLE, SC (MSA) GREENVILLE 294,541 337,168 407,558 506,495
  MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC (MSA) HORRY 286,250 337,168 407,558 506,495
  HILTON HEAD ISLAND-BEAUFORT, SC (MICRO) JASPER 373,750 420,961 511,447 590,132
  GREENVILLE, SC (MSA) LAURENS 294,541 337,168 407,558 506,495
  GREENVILLE, SC (MSA) PICKENS 294,541 337,168 407,558 506,495
  CHARLOTTE-GASTONIA-CONCORD, NC-SC (MSA) YORK 303,250 341,555 414,974 506,495
             
TN NASHVILLE-DAVIDSON—MURFREESBORO, TN (MSA) CANNON 297,500 337,168 407,558 506,495
  NASHVILLE-DAVIDSON—MURFREESBORO, TN (MSA) CHEATHAM 297,500 337,168 407,558 506,495
  NASHVILLE-DAVIDSON—MURFREESBORO, TN (MSA) DAVIDSON 297,500 337,168 407,558 506,495
  NASHVILLE-DAVIDSON—MURFREESBORO, TN (MSA) DICKSON 297,500 337,168 407,558 506,495
  NASHVILLE-DAVIDSON—MURFREESBORO, TN (MSA) HICKMAN 297,500 337,168 407,558 506,495
  NASHVILLE-DAVIDSON—MURFREESBORO, TN (MSA) MACON 297,500 337,168 407,558 506,495
  NASHVILLE-DAVIDSON—MURFREESBORO, TN (MSA) ROBERTSON 297,500 337,168 407,558 506,495
  NASHVILLE-DAVIDSON—MURFREESBORO, TN (MSA) RUTHERFORD 297,500 337,168 407,558 506,495
  NASHVILLE-DAVIDSON—MURFREESBORO, TN (MSA) SMITH 297,500 337,168 407,558 506,495
  NASHVILLE-DAVIDSON—MURFREESBORO, TN (MSA) SUMNER 297,500 337,168 407,558 506,495
  NASHVILLE-DAVIDSON—MURFREESBORO, TN (MSA) TROUSDALE 297,500 337,168 407,558 506,495
  NASHVILLE-DAVIDSON—MURFREESBORO, TN (MSA) WILLIAMSON 297,500 337,168 407,558 506,495
  NASHVILLE-DAVIDSON—MURFREESBORO, TN (MSA) WILSON 297,500 337,168 407,558 506,495
             
UT OGDEN-CLEARFIELD, UT (MSA) DAVIS 346,563 390,339 474,243 547,204
  PROVO-OREM, UT (MSA) JUAB 305,664 344,275 418,279 506,495
  NON-METRO KANE 383,064 431,453 524,193 604,839
  OGDEN-CLEARFIELD, UT (MSA) MORGAN 346,563 390,339 474,243 547,204
  SALT LAKE CITY, UT (MSA) SALT LAKE 477,355 611,117 738,699 863,487
  SALT LAKE CITY, UT (MSA) SUMMIT 477,355 611,117 738,699 863,487
  SALT LAKE CITY, UT (MSA) TOOELE 477,355 611,117 738,699 863,487
  PROVO-OREM, UT (MSA) UTAH 305,664 344,275 418,279 506,495
  ST. GEORGE, UT (MSA) WASHINGTON 372,500 419,553 509,737 588,158
  OGDEN-CLEARFIELD, UT (MSA) WEBER 346,563 390,339 474,243 547,204
             
VA CHARLOTTESVILLE, VA (MSA) ALBEMARLE 425,000 478,684 581,579 671,053
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO ALEXANDRIA 477,355 611,117 738,699 888,158
  RICHMOND, VA (MSA) AMELIA 347,500 391,395 475,526 548,684
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO ARLINGTON 477,355 611,117 738,699 888,158
  RICHMOND, VA (MSA) CAROLINE 347,500 391,395 475,526 548,684
  RICHMOND, VA (MSA) CHARLES CITY 347,500 391,395 475,526 548,684
  CHARLOTTESVILLE, VA (MSA) CHARLOTTESVILLE 425,000 478,684 581,579 671,053
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) CHESAPEAKE 412,500 464,605 564,474 651,316
  RICHMOND, VA (MSA) CHESTERFIELD 347,500 391,395 475,526 548,684
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO CLARKE 477,355 611,117 738,699 888,158
  RICHMOND, VA (MSA) COLONIAL HEIGHT 347,500 391,395 475,526 548,684
  CULPEPER, VA (MICRO) CULPEPER 381,999 448,442 544,837 628,658
  RICHMOND, VA (MSA) CUMBERLAND 347,500 391,395 475,526 548,684
  RICHMOND, VA (MSA) DINWIDDIE 347,500 391,395 475,526 548,684
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO FAIRFAX 477,355 611,117 738,699 888,158
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO FAIRFAX IND 477,355 611,117 738,699 888,158
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO FALLS CHURCH 477,355 611,117 738,699 888,158
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO FAUQUIER 477,355 611,117 738,699 888,158
  CHARLOTTESVILLE, VA (MSA) FLUVANNA 425,000 478,684 581,579 671,053
  WINCHESTER, VA-WV (MSA) FREDERICK 475,000 535,000 650,000 750,000
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO FREDERICKSBURG 477,355 611,117 738,699 888,158
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) GLOUCESTER 412,500 464,605 564,474 651,316
  RICHMOND, VA (MSA) GOOCHLAND 347,500 391,395 475,526 548,684
  CHARLOTTESVILLE, VA (MSA) GREENE 425,000 478,684 581,579 671,053
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) HAMPTON 412,500 464,605 564,474 651,316
  RICHMOND, VA (MSA) HANOVER 347,500 391,395 475,526 548,684
  RICHMOND, VA (MSA) HENRICO 347,500 391,395 475,526 548,684
  RICHMOND, VA (MSA) HOPEWELL 347,500 391,395 475,526 548,684
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) ISLE OF WIGHT 412,500 464,605 564,474 651,316
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) JAMES CITY 412,500 464,605 564,474 651,316
  RICHMOND, VA (MSA) KING AND QUEEN 347,500 391,395 475,526 548,684
  NON-METRO KING GEORGE 381,999 448,442 544,837 628,658
  RICHMOND, VA (MSA) KING WILLIAM 347,500 391,395 475,526 548,684
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO LOUDOUN 477,355 611,117 738,699 888,158
  RICHMOND, VA (MSA) LOUISA 347,500 391,395 475,526 548,684
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO MANASSAS 477,355 611,117 738,699 888,158
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO MANASSAS PARK 477,355 611,117 738,699 888,158
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) MATHEWS 412,500 464,605 564,474 651,316
  CHARLOTTESVILLE, VA (MSA) NELSON 425,000 478,684 581,579 671,053
  RICHMOND, VA (MSA) NEW KENT 347,500 391,395 475,526 548,684
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) NEWPORT NEWS 412,500 464,605 564,474 651,316
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) NORFOLK 412,500 464,605 564,474 651,316
  RICHMOND, VA (MSA) PETERSBURG 347,500 391,395 475,526 548,684
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) POQUOSON 412,500 464,605 564,474 651,316
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) PORTSMOUTH 412,500 464,605 564,474 651,316
  RICHMOND, VA (MSA) POWHATAN 347,500 391,395 475,526 548,684
  RICHMOND, VA (MSA) PRINCE GEORGE 347,500 391,395 475,526 548,684
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO PRINCE WILLIAM 477,355 611,117 738,699 888,158
  RICHMOND, VA (MSA) RICHMOND IND 347,500 391,395 475,526 548,684
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO SPOTSYLVANIA 477,355 611,117 738,699 888,158
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO STAFFORD 477,355 611,117 738,699 888,158
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) SUFFOLK 412,500 464,605 564,474 651,316
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) SURRY 412,500 464,605 564,474 651,316
  RICHMOND, VA (MSA) SUSSEX 347,500 391,395 475,526 548,684
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) VIRGINIA BEACH 412,500 464,605 564,474 651,316
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO WARREN 477,355 611,117 738,699 888,158
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) WILLIAMSBURG 412,500 464,605 564,474 651,316
  WINCHESTER, VA-WV (MSA) WINCHESTER 475,000 535,000 650,000 750,000
  VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (MSA) YORK 412,500 464,605 564,474 651,316
             
VI NON-METRO ST. CROIX 287,500 337,168 407,558 506,495
  NON-METRO ST. THOMAS 318,750 359,013 436,184 506,495
             
VT BURLINGTON-SOUTH BURLINGTON, VT (MSA) CHITTENDEN 318,750 359,013 436,184 506,495
  BURLINGTON-SOUTH BURLINGTON, VT (MSA) FRANKLIN 318,750 359,013 436,184 506,495
  BURLINGTON-SOUTH BURLINGTON, VT (MSA) GRAND ISLE 318,750 359,013 436,184 506,495
             
WA KENNEWICK-RICHLAND-PASCO, WA (MSA) BENTON 274,875 337,168 407,558 506,495
  WENATCHEE, WA (MSA) CHELAN 323,092 363,903 442,125 510,145
  PORT ANGELES, WA (MICRO) CLALLAM 296,250 337,168 407,558 506,495
  PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA) CLARK 401,250 451,934 549,079 633,553
  WENATCHEE, WA (MSA) DOUGLAS 323,092 363,903 442,125 510,145
  KENNEWICK-RICHLAND-PASCO, WA (MSA) FRANKLIN 274,875 337,168 407,558 506,495
  OAK HARBOR, WA (MICRO) ISLAND 381,250 429,408 521,711 601,974
  NON-METRO JEFFERSON 437,500 492,763 598,684 690,789
  SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION KING 477,355 573,684 697,039 804,276
  BREMERTON-SILVERDALE, WA (MSA) KITSAP 475,000 535,000 650,000 750,000
  ELLENSBURG, WA (MICRO) KITTITAS 328,618 370,132 449,688 518,882
  SHELTON, WA (MICRO) MASON 310,000 349,158 424,211 506,495
  TACOMA, WA METROPOLITAN DIVISION PIERCE 477,355 573,684 697,039 804,276
  NON-METRO SAN JUAN 477,355 598,355 726,974 838,816
  MOUNT VERNON-ANACORTES, WA (MSA) SKAGIT 373,662 420,862 511,328 589,993
  PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA) SKAMANIA 401,250 451,934 549,079 633,553
  SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION SNOHOMISH 477,355 573,684 697,039 804,276
  SPOKANE, WA (MSA) SPOKANE 266,250 337,168 407,558 506,495
  OLYMPIA, WA (MSA) THURSTON 361,250 406,882 494,342 570,395
  BELLINGHAM, WA (MSA) WHATCOM 375,000 422,368 513,158 592,105
             
WI MADISON, WI (MSA) COLUMBIA 293,750 337,168 407,558 506,495
  MADISON, WI (MSA) DANE 293,750 337,168 407,558 506,495
  MADISON, WI (MSA) IOWA 293,750 337,168 407,558 506,495
  LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIV KENOSHA 362,105 407,845 495,512 571,745
  MILWAUKEE-WAUKESHA-WEST ALLIS, WI (MSA) MILWAUKEE 288,875 337,168 407,558 506,495
  MILWAUKEE-WAUKESHA-WEST ALLIS, WI (MSA) OZAUKEE 288,875 337,168 407,558 506,495
  MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) PIERCE 364,057 410,042 498,183 574,826
  MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) ST. CROIX 364,057 410,042 498,183 574,826
  MILWAUKEE-WAUKESHA-WEST ALLIS, WI (MSA) WASHINGTON 288,875 337,168 407,558 506,495
  MILWAUKEE-WAUKESHA-WEST ALLIS, WI (MSA) WAUKESHA 288,875 337,168 407,558 506,495
             
WV HAGERSTOWN-MARTINSBURG, MD-WV (MSA) BERKELEY 377,500 425,184 516,579 596,053
  WINCHESTER, VA-WV (MSA) HAMPSHIRE 475,000 535,000 650,000 750,000
  WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO JEFFERSON 477,355 611,117 738,699 888,158
  HAGERSTOWN-MARTINSBURG, MD-WV (MSA) MORGAN 377,500 425,184 516,579 596,053
             
WY JACKSON, WY-ID (MICRO) TETON 477,355 611,117 738,699 918,021
             
ALL OTHER AREAS     263,368 337,168 407,558 506,495

.02 The nationwide average purchase price (for use in the housing cost/income ratio for new and existing residences) is $266,000.

SECTION 5. EFFECT ON OTHER DOCUMENTS

Rev. Proc. 2007-26 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 February 21, 2008 and ends 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. 2007-26, with respect to bonds sold, or for mortgage credit certificates issued with respect to bond authority exchanged, before March 22, 2008, if the commitments to provide financing or issue mortgage credit certificates are made on or before April 21, 2008.

.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 February 21, 2008, 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. 2007-26 with respect to bonds sold, or for mortgage credit certificates issued with respect to bond authority exchanged, before March 22, 2008, if the commitments to provide financing or issue mortgage credit certificates are made on or before April 21, 2008.

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 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 section 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 E. White and Timothy L. Jones of the Office of Associate Chief Counsel (Financial Institutions & Products). For further information regarding this revenue procedure, contact David E. White at (202) 622-3980 (not a toll-free call).


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