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NOVOGRADAC'S RENT & INCOME LIMIT CALCULATOR UPDATED FOR 2008

Saturday, February 16, 2008 - 7:30AM

Novogradac & Company LLP's Rent & Income Limit Calculator© has been updated to include the U.S. Department of Housing and Urban Development's (HUD) 2008 rent and income limit data. It is available online at www.novoco.com/products/rentincome.php with the compliments of Novogradac & Company LLP.

The Rent & Income Limit Calculator© will calculate IRS Section 42(i)(3)(A) low-income housing tax credit (LIHTC) rent and income limits for every county and for every metropolitan statistical area (MSA) in the United States. It also provides the HUD sourced 30%, 50%, and 80% income limits for a selected county; automatically calculates the LIHTC rent and income limits for any selected percentage of the area median income (AMGI) for the selected county; and allows users to select parameters to calculate rent and income limits for other affordable housing programs.

The Rent & Income Limit Calculator© has also been updated to allow users to:

choose which bedroom sizes are displayed (the default setting displays results for all bedroom sizes).

choose which income or rent levels are displayed on the 10 year historical charts.

 

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