Rent & Income Limit Calculator
The Rent & Income Limit Calculator© is available with the compliments of Novogradac & Company LLP.
The Rent & Income Limit Calculator© has been updated with 2014 limit data.
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.
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 at email@example.com.
FY 2014 Income Limit Web Page
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. 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 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.
After reviewing the calculator, please type your comments in the field below.