HUD RELEASES INCOME LIMITS FOR 2012
The U.S. Department of Housing and Urban Development (HUD) today released income limits for 2012. Click here for links to the 2012 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 calculated and presented separately from the Section 8 income limits.
Novogradac & Company LLP is currently updating its Rent & Income Limit Calculator© to include 2012 data. Subscribers to Novogradac & Company's free Industry Alert E-mail service will receive an e-mail announcement when the update has been completed.
For questions about the new 2012 income limits please email Jim Kroger, CPA, at [email protected] or click here to learn more about Novogradac & Company's property compliance services.