A new blog by Thomas Stagg with Novogradac explores the likely changes for the 2023 HUD income limits. HUD has a stated target of May 15 to release income limits for 2023, much later than the typical April 1 release date. Using the November 2022 CPI as a proxy for the 2023 CPI, Novogradac estimates that national median income will increase from $90,000 in 2022 to $94,300 in 2023, a 4.78 percent increase. Questions remain about the implementation of another cap for 2023 income limits and what methodology HUD will use for 2024 income limits.