The U.S. Department of Housing and Urban Development (HUD) has released the 2020 Income Limits. The new limits are effective on April 1, 2020.
HUD “sets income limits that determine eligibility for assisted housing programs including:”
Public Housing
Section 8 project-based
Section 8 Housing Choice Voucher
Section 202 housing for the elderly
Section 811 housing for persons with disabilities programs
The agency bases the 2020 Income Limits on “Median Family Income estimates and Fair Market Rent area definitions for each metropolitan area, parts of some metropolitan areas, and each non-metropolitan county.”
You will find complete documentation regarding 2020 IL by clicking the button above. The user can access data for any area in the country. HUD notes, however, that “official ILs, available in pdf and excel formats at this link, may differ slightly from those calculated in the documentation system, and should be used for ALL official purposes.”
Another note from HUD regarding the 2020 Income Limits:
“Due to the Housing and Economic Recovery Act of 2008 (Public Law 110-289) the data presented in this system may not be applicable to projects financed with Section 42 Low Income Housing Tax Credits (LIHTC) or section 142 tax exempt private equity bonds. These projects should use the Multifamily Tax Subsidy Project Income Limits available at Multifamily Tax Subsidy Project Income Limits“
2020 Income Limits via smartphone
HUD’s Office of Development and Research has made the Fair Market Rents and Income Limits available via an application programming interface (API). This allows developers to access and customize the Fair Market Rents and 2020 Income Limits data and use that data in their existing applications. They can also create new applications. Create an account and get an access token.
Also, the PD&R FMR/IL Lookup is available for Apple iOS and Android-powered smartphones. Learn more.
Ensuring safety in multifamily properties remains a top priority for the U.S. Department of Housing and Urban Development. HUD expanded its partnership with the Department of Health and Human Services (HHS) Administration to provide free over-the-counter COVID-19 antigen test kits to multifamily housing properties. Understanding the Need Testing is crucial in preventing the spread of…
Loneliness has deadly consequences, according to a new report. U.S. Surgeon General, Dr. Vivek Murthy, says widespread loneliness poses health risks as deadly as smoking a dozen cigarettes daily. In an 81-page report, Dr. Murthy declared widespread loneliness the latest public health epidemic. Murthy estimates about half of U.S. adults experience lonely feelings. The Surgeon…
Long COVID could become America’s next public health disaster, according to experts. As the world nears the fourth year of the Coronavirus pandemic, new variants and other viruses already overwhelm some healthcare systems. Researchers at the Centers for Disease Control and Prevention believe most Americans have already had the virus by now. Still, studies suggest…
The website where Americans can order free COVID-19 rapid tests is now fully online. On Tuesday, some were able to order tests early during the website’s beta phase. The government’s latest move comes as cases soar nationwide. The highly contagious Omicron variant of the virus is fuels the latest global surge in cases. The World…
New Tax Changes arrive in the new year. The COVID-19 pandemic impacts how many will file with the Internal Revenue Service for a second year. Experts predict another challenging filing year because of the ongoing pandemic. However, they say the first step to filing this year is simple: check your mailbox. The IRS is sending…
