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2008
INCOME LIMITS
Pursuant to IRS Revenue Ruling 94-57, Low-Income Housing Tax Credit (LIHTC)
property owners may rely on income limits previously issued for 45 days
after HUD releases new income limits. This 45 day period began February
13, 2008 and ends March 29, 2008. After March 29, 2008, the new income
and rent limits must be used to determine program compliance. These materials
are intended to assist owners in meeting the requirements for complying
with Internal Revenue Code Section 42 and Section 1.42-5 of the Regulations
thereunder. However, it is important to note that compliance with IRC
42 and the Regulations is solely the responsibility of the owner of the
building for which the Low-Income Housing Tax Credit is allowable, and
the owner is solely responsible for the consequences of any non-compliance.
CHFA shall not be liable for any loss or damage caused by any inaccuracies
in the information contained herein, and suggest you review such information
for accuracy prior to implementation.
2008
Income Limit Area Definitions
SCHEDULE OF MAXIMUM AFFORDABLE GROSS RENT AND INCOME LIMITS:
Bridgeport
HMFA
Danbury HMFA
Stamford-Norwalk
HMFA
Hartford-West
Hartford-East Hartford HMFA
Southern Middlesex County
HMFA
Milford-Ansonia-Seymour
HMFA
New
Haven-Meriden HMFA
Waterbury
HMFA
Colchester-Lebanon HMFA
Norwich-New London HMFA
Litchfield
County
Windham County
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