(1) 9% Tax credit projects located in a rural area (as defined in section 520 of the Housing
Act of 1949) are eligible to use the greater of area median gross income or national
non-metropolitan median income as allowed under the Housing Act of 2008 for rent and
income determinations after the July 30th enactment date of the Housing Act of 2008.
Projects that are federally subsidized as defined in IRC Section 42(h) (i.e. 4% projects)
are not eligible to use the national non-metro adjustment under the Housing Act of 2008.
(2) Some counties in New England have been split into separate HUD Metropolitan FMR Areas (HMFA).
For example Worcester County, MA has been split into four HMFAs as follows:
Eastern Worcester County, HMFA
Western Worcester County, HMFA
If you have a project located in New England please review HUD's Area Definitions to determine which HUD HMFA is applicable to your project. HUD's Area Definitions can be found on HUD's website for each year at the following website: http://www.huduser.org/portal/datasets/il.html
Before using the numbers from the Rent & Income Limit Calculatorę, we strongly recommend that you check with the applicable state housing agency to verify that the state agrees with the numbers. The numbers round down to the nearest $1. Utility allowances are input by the user and are not reviewed or verified by Novogradac & Company LLP. Novogradac & Company LLP provides no assurance of the accuracy of the particular results you may obtain from the Rent & Income Limit Calculatorę; which is designed only to be a quick reference tool and is no substitute for professional tax and accounting advice. The Rent & Income Limit Calculatorę should not be used for any final financial decisions. IRS guidelines and actual HUD amounts should be used for any final decisions. Novogradac & Company LLP does not guarantee the accuracy of the amounts shown above. As consideration for your use of this tool, you agree to hold Novogradac & Company LLP harmless from any damages and claims related to use of the Rent & Income Limit Calculatorę. If you do not agree with the terms of this paragraph, you may not use the Rent & Income Limit Calculatorę.
HUD occasionally revises the income limits after HUD's initial publication of the income limits. The Novogradac Rent & Income Calculatorę is not linked directly to the HUD income limit data set, but we will update the Novogradac Rent & Income Calculatorę when we are aware of any revisions.