HUD has announced 2016 Income Limits for HUD and MTSP Housing Programs

Effective March 28, 2016

HUD does not allow for a 45 day grace period and software vendors will be required to update the limits immediately.

For tax credit properties, there is a 45 day grace period, which means that these new limits must be implemented by May 11, 2016. We encourage managers of tax credit properties to review the limits to see if they have gone up as recently denied applicants may now qualify for the program.

The new 2016 Income Limits can be found here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s