HUD released the median family incomes and income limits for Fiscal Year (FY) 2020. Median incomes are used as the basis for income limits in several HUD programs, including the Public Housing, Section 8 Housing Choice and Project-Based Voucher, Section 202 housing for the elderly and Section 811 housing for persons with disabilities programs, as well as in programs run by agencies, such as the Department of the Treasury, the Department of Agriculture and the Federal Housing Finance Agency. Community planning and development programs, as well as HOME investments, also rely on HUD income limits in their administration. Novogradac updated its Rent & Income Limit Calculator with the new data.
Related Posts
Tax Bill’s Path Forward in the Senate – Advocacy Needed
The Senate has yet to take up the Tax Relief for American Families and Workers Act (H.R. 7024), which passed the House in January and contains two critical LIHTC provisions.
HUD Guidance on Application of the Fair Housing Act to the Screening of Applicants for Rental Housing
HUD’s Office of Fair Housing and Equal Opportunity issued guidance on the Application of the Fair Housing Act to the Screening of Applicants for Rental Housing.
House Appropriations Member Day – May 8
Member Day hearing for the Transportation, Housing and Urban Development, and Related Agencies subcommittees has been scheduled for May 8 at 10 a.m. ET at 2358-A Rayburn House Office Building for Members can join here.
HUD Holds Repositioning Office Hours – May 12
HUD’s Office of Recapitalization, Special Applications Center (SAC), Voucher Program and field operations will be available to answer questions about repositioning – particularly questions that other PHAs would benefit from having HUD staff address in a live recorded webinar from 1 to 3 p.m. ET on May 15.