Income Limit Maps VLI Change by County 2007-2008
Addressing considerable apprehension in the tax credit and tax-exempt bond industry over the U.S. Department of Housing and Urban Development (HUD)’s release on March 20, 2007 of area median incomes (AMI) and related income limit data for metropolitan and nonmetropolitan areas that were significantly lower than 2006 AMI levels, Novogradac & Company LLP prepared a White Paper that seeks to examine the actual impacts of the changes across the country. The report, "Effect of HUD’s Revised Income Calculations on Housing Tax Credit Properties: How Long Until Qualifying Incomes & Tax Credit Rents Rise?", was released in November 2007. An update is also available.