Rent and Income Limit Calculator Demo

Rent and Income Limit Calculator Demo

Tax Credit Resources


Rent & Income Limit Calculator

The Rent & Income Limit Calculator© is available with the compliments of Novogradac & Company LLP.

The Novogradac Rent & Income Limit Calculator© has been updated in beta version to include fiscal year 2016 rent and income limit data. The beta version of the calculator is undergoing additional testing and results are subject to change. Please let us know if you find any errors or bugs in the 2016 limits. It is possible that errors might be uncovered during the beta testing or that HUD will issue updated information. As such, we strongly recommend that you rerun any calculations from the beta version again when the final version is posted later this month.

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 for and occupy low-income housing.

If you have questions about the income limits, or would like to engage Novogradac & Company LLP to calculate the rent and income limits for your property, please contact Thomas Stagg


Related Resources:

FY 2015 Income Limit Web Page


LIHTC Property Management Book
2014 Edition

Low-Income Housing Tax Credit Handbook
2015 Edition

About the Rent & Income Limit Calculator©:

  • • 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%, Very Low (50%), and Low (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.
  • • 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 12 year historical charts.

Other Features Include:

  • • The ability to display the Fair Market Rent (FMRs), as determined by HUD.
  • • 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 12 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.

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