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Rent & Income Limit Calculator

The Rent & Income Limit Calculator© is available with the compliments of Novogradac & Company LLP. Rent and income limit data now includes 2009 limits.

The Rent & Income Limit Calculator© is meant for the use of tax credit housing professionals only. It does not have the capability to determine eligibility for those seeking to qualify and occupy low-income housing.

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LIHTC Property Management Book
2008 Edition

Low-Income Housing Tax Credit Handbook
2007 Edition 		Property Compliance Report
  • • This program will calculate IRS Section 42(i)(3)(A) low-income housing tax credit (LIHTC) rent and income limits for every county and for every Metropolitan Statistical Area (MSA) in the United States;
  • • It provides the HUD sourced 30%, 50%, and 80% income limits for the selected county;
  • • It automatically calculates the LIHTC Rent and Income Limits for any selected percentage of the Area Median Income (AMGI) for the selected county.
  • • The user may select parameters to calculate rent and income limits for other affordable housing programs.
  • • Users can choose which bedroom sizes are displayed (the default setting displays results for all bedroom sizes).
  • • Users can choose which income or rent levels are displayed on the 10 year historical charts.

New in 2009 :

  • • The calculator has been updated to incorporate changes to the law made by the Housing and Economic Recovery Act of 2008 (HERA).
  • • A new field has been added in which users can type the project name, resulting in the project name being displayed on the last page.

Other Features Include:

  • • The ability to display the Fair Market Rent (FMRs), as determined by HUD. FMRs are used to determine the eligibility of rental housing units for the Section 8 Housing Assistance Payments program. Section 8 Rental Certificate program participants cannot rent units whose rents exceed the FMRs.
  • • A section for user to input allowances by bedroom type, so that LIHTC rents are shown before and after deduction of utility allowance;
  • • The ability to see average percentage income and rent increase over last 7 years; and
  • • The ability to display 140% income limits for purposes of the next available unit rule based on the 50% or 60% HUD income limits depending on minimum set aside chosen.

Related Resources:

Novogradac & Company HUD AMGI Presentation

LIHTC Hot Topics > HUD AMGI

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