Rent & Income Limit Calculator
The Rent & Income Limit Calculator© is available with the compliments of Novogradac & Company LLP.
The Rent & Income Limit Calculator© currently uses 2014 limit data, but will be updated with 2015 limit data as soon as it is available.
Note: The U.S. Department of Housing and Urban Development (HUD) announced that the publication of its fiscal year (FY) 2015 income limits
will be delayed and will occur following the publication of 2015 poverty guidelines issued by the Department of Health and Human Services (HHS)
. Instead of being issued in December 2014 as originally expected, HUD anticipates that the FY 2015 income limits will be published in February 2015.
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 at firstname.lastname@example.org.
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.
- • 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.