HUD RELEASES INCOME LIMITS FOR 2009

Thursday, March 19, 2009 - 3:45am

The U.S. Department of Housing and Urban Development (HUD) today released income limits for 2009. Click here for links to the income limits and accompanying information and tables. Under the Housing and Economic Recovery Act of 2008 (Public Law 110-289), income limits used to determine qualification levels as well as set maximum rental rates for projects funded with low-income housing tax credits (LIHTC) and projects financed with tax-exempt housing bonds - referred to by HUD as Multifamily Tax Subsidy Projects (MTSPs) - are now calculated and presented separately from the Section 8 income limits. Both MTSP and Section 8 income limit data have been posted here.
To hear this news discussed in detail, tune in next week to the Tax Credit Tuesday Podcast on March 24.

Novogradac & Company LLP is currently updating its Rent & Income Limit Calculator© to include 2009 data. Subscribers to the free Industry Alert E-mail service will receive an e-mail announcement when the update has been completed.