On April 1, 2021, HUD released new income limits for applicable rental housing programs. Both the HUD and MTSP limits can be found at: https://www.huduser.gov/portal/datasets/il.html
For the HUD programs, the income limits were effectively immediately and should be included on all move in certifications finalized on or after April 1, 2021. Since Income Limits only apply at move in for the HUD programs, it is not necessary to reprint any Annual Recertifications or Interim Recertifications effective on or after April 1, 2021 but created and finalized prior to April 1, 2021.
HUD continues to publish three income limits, Very Low, Extremely Low, and Low, for one to eight person families.
Keep in mind that it is possible that Income Limits decreased in some areas. If a unit was offered to a household who did not move in by April 1, 2021 and is now over the income limit, that household is still allowed to move in. Be sure to include documentation in the tenant file showing that the household was offered a unit before the Income Limits changed.
For the LIHTC programs, Multifamily Tax Subsidy Project (MTSP) Income Limits are located further down the page in the same link. The MTSP Income Limits also have an effective date of April 1, 2021, however, IRS regulations give Owner/Agents 45 days after the later of the publication or effective date to begin using the limits. Since both dates were April 1, 2021, Owner/Agents have until May 15, 2021 to begin using the limits for Low Income Housing Tax Credit (LIHTC) properties.
For the LIHTC programs, HUD now publishes income limits from 20% to 80% of AMI for one to eight person families to accommodate projects using the Income Averaging Set-Aside. In addition, when applicable, MTSP HERA Special Income Limits are also posted.
Questions about Income Limits may be directed to Lisa Vercauteren at email@example.com.