Novogradac Rent & Income Limit Calculator © Updated to Reflect HUD Change in Calculating Income Limits for Rural 9% LIHTC Properties

Wednesday, May 4, 2022 - 12:00pm

A change in how the U.S. Department of Housing and Urban Development (HUD) calculates income limits for 9% low-income housing tax credit (LIHTC) properties in rural areas means that property owners who used the HUD website or the Novogradac Rent & Income Limit Calculator© may need to re-run their limits to ensure compliance with the updated calculation. The change applies to properties in rural areas as defined by the U.S. Department of Agriculture, which are able to use the greater of the applicable income limit for their county or the national non-metro median income limit.

A Notes from Novogradac blog post further explains the change.