Novogradac Rent and Income Limit Estimator ©

Product Rent and Income Limit Estimator 2018

Novogradac Rent and Income Limit Estimator ©

Understanding low-income housing tax credit (LIHTC) income and rent limit growth is vital. Better understanding how income limits will change in future years can enable developers, investors and lenders to better underwrite LIHTC properties.

By purchasing one or more reports created with our Novogradac Rent and Income Limit Estimator © you will have insight into how income and rent limits in that area will change over the next 1-2 years. Novogradac uses recent American Community Survey data (ACS) and the same calculation methodology as HUD to estimate what income and rents will be in future years. Such reports can assist you in estimating income and rent growth rates and should be a part of every underwriting model for LIHTC properties.

Estimates are anticipated to be accurate with potential variances caused by changing inflation factors used in the calculation.

A note about ordering:

If you are interested in purchasing rent and income limit estimates from us, please review the lists of available areas below to see if estimates are available for your area. Then please email your request(s) to limitestimator@novoco.com and you will receive a response instructing you on how many items to add to your cart. The fee is $500 per area requested.  For orders in excess of 10 areas please contact limitestimator@novoco.com for a bulk discounts. Once payment has been confirmed, you will receive an email with your purchases within one business day.

Available Estimates:

Area Median Income (AMI) for 2019 and 2020 using the American Community Survey (ACS) is calculated with same formula HUD uses when calculating AMI. This can be used to estimate income and rent limits that are based on AMI.
 
Very Low Income (VLI) for 2019 and 2020 is calculated with same formula and adjustments HUD uses when determining VLI. This can be used to estimate LIHTC and tax-exempt bond income and rent limits.  Please note, there are some areas that we can only provide estimates for 2019 only and not 2020. 

AMI should not be used for LIHTC rents please see this blog post for more information about the difference between AMI and VLI and the adjustments that HUD applies to AMI to arrive at VLI: What you Need to Know About Income Limits.

Please use this link to see if an estimate is available for your area. Please note, that the data needed to estimate 2020 AMI and VLI for areas that rely on a 5-year ACS survey will not be available until December 2018, the list will be updated once these areas are available.

 

Limitations:

Because of how HUD determines income and rent limits Novogradac & Company is not able to provide accurate estimates for all areas. Please refer to the list of available estimates for each report type. If you’re interested in an area that is not on the list, please contact limitestimator@novoco.com to discuss in more detail what information Novogradac can provide for that area.

Note:

Purchase of any Novogradac Rent and Income Limit Estimator © reports is subject to execution of a terms and conditions document (T & C Document) linked below.  If you do not agree to the T & C Document you will be unable to add the item to your cart or purchase it.

$500.00
License type: 
No License
License duration: 
0