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HUD Publishes FY 2019 Income Limits for LIHTC Income-Average Option

Tuesday, February 18, 2020 - 9:15AM

The U.S. Department of Housing and Urban Development (HUD) has published average income minimum set asides for low-income housing tax credit properties. HUD’s numbers include limits for every 10 percent increment from 20 percent to 80 percent of the area median income in each state and metropolitan fair market rent/income limits area, based on the fiscal year 2019 Multifamily Tax Subsidy Project income limits. A Notes from Novogradac blog post from September explained issues associated with determining the limits beyond the 50 percent and 60 percent limits, a January blogpost explained how the Internal Revenue Service said limits should be calculated, and a February post explained how this will impact 2020 income limits.

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