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Income Limits and Gross Rents Look-up

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Maximum Affordable Income Limits and Gross Rents

Overview

HUD released the Section 8 and the Multifamily Tax Subsidy Projects (MTSP) Income Limits with an effective date of May 15, 2023 (until superseded). These income limits are used by housing developers to determine eligibility for CHFA bond financing and tax credit programs. In addition, the tables are also used by developers, property managers, and owners to determine affordable housing occupant eligibility (based on income) and rent limits.

These newly released MTSP Income Limits must be implemented no later than June 29, 2023 for Low-Income Housing Tax Credit properties.

The Consolidated Appropriations Act of 2018 establishes Income Averaging as a new minimum set-aside election for new Low-Income Housing Tax Credit (LIHTC) developments. Rent limits for the 20%, 30%, 40%, 70% and 80% Area Median Income (AMI) bands have been incorporated into our guidebook with the AMI bands that have been used in the past (25%, 50% and 60%) by CHFA.

Please see Income Limits Information below for Connecticut Section 8 and MTSP.

Income Limits Information

2023_CT_MTSP_Income_Limits_for_LIHTC_developments

2023 CT MTSP Income Limits for LIHTC developments
These are the 2023 Multifamily Tax Subsidy Projects (MTSP) Income Limits that are effective May 15, 2023 until superseded. The file contains the Area Definitions as well as the Area Median Income bands for utilizing Income Averaging on new LIHTC applications, where applicable. They must be in use no later than June 29, 2023.

2023_CT_Section_8_Area_Definitions_and_Income_Limits

2023 CT Section 8 Area Definitions and Income Limits
These are the 2023 Section 8 Area Definitions and Income Limits that are effective May 15, 2023 until superseded.

 
 
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