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 2008 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.

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.

New in 2008 :

• • 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.

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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Rent & Income Limit Calculator© CD-ROM In response to many requests for an ExcelTM version of the Rent & Income Limit Calculator ©, Novogradac & Company LLP has created a CD-ROM with most of the features of the online calculator but in versatile ExcelTM format. For more information or to order over the phone, please call the Products Desk at 415-356-7960.