HUD RELEASES INCOME LIMITS FOR FY 2015

Friday, March 6, 2015 - 8:00am

The U.S. Department of Housing and Urban Development (HUD) today released income limits for fiscal year (FY) 2015. These income limits are used to determine income eligibility for HUD’s assisted housing programs, including public housing, Section 8, Section 202 and Section 811. Income limits that are used to determine qualification levels and to set maximum rental rates for low-income housing tax credit (LIHTC) or tax-exempt bond projects, which HUD refers to as multifamily tax subsidy projects (MTSPs), are calculated and presented separately from the Section 8 income limits.

Novogradac & Company LLP is currently updating the Rent & Income Limit Calculator© to include the 2015 data. Subscribers to Novogradac & Company’s free Industry Alert service will receive an email announcement when this update has been completed.

Tune into the March 10 Tax Credit Tuesday podcast for initial information about the income limits. For in-depth analysis, register for the Novogradac 2015 HUD Rent and Income Limits and Your Tax Credit Property Webinar at 1 p.m. EDT on March 17.