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Income Limits

Written by Lois Churchill, Spectrum Enterprises

The 2011 income limits went into effect for all programs except HOME on 5/31/11. You must begin using them no later than 7/15/11. HOME limits for 2011 have now been published and are effective 7/23/11.

Remember when determining the income limit for a particular unit that you must use the most restrictive. If the unit has more than one program attached and one is lower than the other, using the lower will keep you in compliance with all programs.

While the tax credit program income limits do not go down that is not the case with all programs. This is reason to be especially careful.

Income limits for tax credit properties are available at www.huduser.org/portal/datasets/mtsp.html. HOME income limits are available at www.hud.gov/offices/cpd/affordablehousing/programs/home. HOME rent limits are also available at that location.

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