Tools, Calculators and Look-ups

Maximum Affordable Gross Rent and Income Limits

Overview

The following tables, effective December 1st, 2011 (until superseded),  are used by housing developers to determine eligibility for CHFA bond financing and tax credit programs.  In addition, the tables may be used by Developers, Management Agents, and Owners to determine affordable housing occupant eligibility (based on income) and rent limits.

Please see Special Income Limits, at the bottom of this page, for Housing and Economic Recovery Act (HERA) "impacted area" income limits, Held Harmless area income limits, and Section 8 income limits.

 

Please select the city/town where the development is located:  Andover Ansonia Ashford Avon Barkhamsted Beacon Falls Berlin Bethany Bethel Bethlehem Bloomfield Bolton Bozrah Branford Bridgeport Bridgewater Bristol Brookfield Brooklyn Burlington Canaan Canterbury Canton Chaplin Cheshire Chester Clinton Colchester Colebrook Columbia Cornwall Coventry Cromwell Danbury Darien Deep River Derby Durham East Granby East Haddam East Hampton East Hartford East Haven East Lyme East Windsor Eastford Easton Ellington Enfield Essex Fairfield Farmington Franklin Glastonbury Goshen Granby Greenwich Griswold Groton Guilford Haddam Hamden Hampton Hartford Hartland Harwinton Hebron Kent Killingly Killingworth Lebanon Ledyard Lisbon Litchfield Lyme Madison Manchester Mansfield Marlborough Meriden Middlebury Middlefield Middletown Milford Monroe Montville Morris Naugatuck New Britain New Canaan New Fairfield New Hartford New Haven New London New Milford Newington Newtown Norfolk North Branford North Canaan North Haven North Stonington Norwalk Norwich Old Lyme Old Saybrook Orange Oxford Plainfield Plainville Plymouth Pomfret Portland Preston Prospect Putnam Redding Ridgefield Rocky Hill Roxbury Salem Salisbury Scotland Seymour Sharon Shelton Sherman Simsbury Somers South Windsor Southbury Southington Sprague Stafford Stamford Sterling Stonington Stratford Suffield Thomaston Thompson Tolland Torrington Trumbull Union Vernon Voluntown Wallingford Warren Washington Waterbury Waterford Watertown West Hartford West Haven Westbrook Weston Westport Wethersfield Willington Wilton Winchester Windham Windsor Windsor Locks Wolcott Woodbridge Woodbury Woodstock

 

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Andover Metro Area: Hartford-West Hartford-East Hartford, CT HUD Metro FMR Area Median Income: $87,700.00

 

• Tax-Exempt Bond Financing Income/Rent Limits

Developers may be eligible for Tax-Exempt Bond Financing if 20% of a development’s units are occupied by residents with gross incomes 80% or less than the area median gross income (AMGI), adjusted for family size.  The table below lists the occupant maximum income limits and unit rent limit associated with Tax-Exempt Bond Financing.

 

 

• Low-Income Housing Tax Credit (LIHTC) 20%-50% Income/Rent Limits

Developers may be eligible for LIHTC and / or Tax-Exempt Bond Financing if 20% of a development’s units are occupied by residents with gross incomes 50% or less than the area median gross income (AMGI), adjusted for family size (20-50 test).  The table below lists the occupant maximum income limits and unit rent limits associated with LIHTC 20% - 50% financing.

LIHTC 20-50 Rent/Income Limits min. 20% of Units @ 50% HUD median income Unit Size Equivalent Persons Per Unit HUD  Maximum Income Maximum Rent per Month 0 Bedroom 1 $30,700.00 $767.00 1 Bedroom 1.5 $32,900.00 $822.00 2   $35,100.00 $877.00 2 Bedrooms 3   $39,500.00 $987.00 4   $43,850.00 $1,096.00 3 Bedrooms 4.5 $45,625.00 $1,140.00 5 $47,400.00 $1,185.00 4 Bedrooms 6   $50,900.00 $1,272.00   7   $54,400.00 $1,360.00 Unit Size Equivalent Persons Per Unit HUD Maximum Income Maximum Rent per Month

 

 

• Low-Income Housing Tax Credit (LIHTC) 40%-60% Income/Rent Limits

Developers may be eligible for LIHTC and / or Tax-Exempt Bond Financing if 40% of a development’s units are occupied by residents with gross incomes 60% or less than  the area median gross income (AMGI), adjusted for family size (40-60 test).  The table below lists the occupant maximum income limits and unit rent limits associated with LIHTC 40% - 60% financing.

LIHTC 40-60 Rent/Income Limits min. 40% of Units @ 60% HUD median income Unit Size Equivalent Persons Per Unit HUD  Maximum Income Maximum Rent per Month 0 Bedroom 1 $36,840.00 $921.00 1 Bedroom 1.5 $39,480.00 $987.00 2   $42,120.00 $1,053.00 2 Bedrooms 3   $47,400.00 $1,185.00 4   $52,620.00 $1,315.00 3 Bedrooms 4.5 $54,750.00 $1,368.00 5 $56,880.00 $1,422.00 4 Bedrooms 6   $61,080.00 $1,527.00   7   $65,280.00 $1,632.00 Unit Size Equivalent Persons Per Unit HUD Maximum Income Maximum Rent per Month

 

 

• Deep Target Financing Income/Rent Limits

Developers may be eligible for “Deep Target” financing if units are occupied by residents with gross incomes 25% or less than the area median gross income (AMGI), adjusted for family size.  The table below lists the occupant maximum income limits and unit rent limits associated with Deep Target Financing.

Deep Targeting Rent/Income Limits 25% of Area Median Income Unit Size Equivalent Persons Per Unit HUD  Maximum Income Maximum Rent per Month 0 Bedroom 1 $15,350.00 $383.00 1 Bedroom 1.5 $16,450.00 $411.00 2   $17,550.00 $438.00 2 Bedrooms 3   $19,750.00 $493.00 4   $21,925.00 $548.00 3 Bedrooms 4.5 $22,813.00 $570.00 5 $23,700.00 $592.00 4 Bedrooms 6   $25,450.00 $636.00   7   $27,200.00 $680.00 Unit Size Equivalent Persons Per Unit HUD Maximum Income Maximum Rent per Month

 

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Special Income Limits

Developers, Management Agents and Owners interested in learning the special income limits applicable to impacted areas in Connecticut under the Housing and Economic Recovery Act, Held Harmless Rule, and to Section 8 housing programs can download the documents below.

Special Income Limits Found: 3  matches     Displaying: 1 - 3  File Size Type 2012 HERA Income Limits - Milford-Ansonia-Seymour HMFA This is the HUD schedule of Maximum Affordable Rent and Income limits for use by housing develoments in Ansonia, Beacon Falls, Derby, Milford, Oxford and Seymour that are located in an impacted area under the Housing and Economic Recovery Act and were placed in service on or before December 31, 2008. 16K pdf 2012 Section 8 Income Limits and Area Definitions This is the HUD schedule of income limits for Section 8 housing programs and the definitions of Connecticut metropolitan and non-metropolitan areas. 81K pdf 2012 HERA Income Limits - Windham County This is the HUD schedule of Maximum Affordable Rent and Income Limits for use by housing developments in the Windham County area which is an impacted area under the Housing and Economic Recovery Act and were placed in service on or before December 31, 2008. 16K pdf File Size Type Found: 3  matches     Displaying: 1 - 3