2020 Income Limits
Posted On: March 31, 2020
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.
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