HUD Posts FY2021 Income Limits

HUD released the median family incomes and income limits for Fiscal Year (FY) 2021. 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. HUD issued separate income limits for Multifamily Tax Subsidy Projects, used to determine eligibility for LIHTC and tax-exempt housing bonds. The income limits are effective as of April 1, 2021.

The FY 2021 national median income is $79,900, a 1.783 percent increase over 2020. Among the 4,766 counties for which HUD publishes limits, 65 percent will see an increase, 32 percent have a decrease and three precent have no change. The average change is an increase of 1.04 percent.