Department of Housing and Urban Development News Briefs – May 2020

Wednesday, May 6, 2020

HUD Briefs

The U.S. Department of Housing and Urban Development (HUD) posted income limits March 31 to determine eligibility for HUD-assisted programs in fiscal year 2020. The limits went into effect April 1 and cover public housing, Section 8, Section 202 and Section 811. HUD simultaneously released Multifamily Tax Subsidy Program income limits for 2020, which are used to determine eligibility for low-income housing tax credit (LIHTC) and tax-exempt bond properties. The FY 2020 national median income is $78,500, an increase of nearly 4 percent over 2019. HUD caps the income limit increase at twice the change in the national median income, which means the cap on income limit increases is 8 percent.

Journal Category: 
Department of Housing and Urban Development
Authors: