| HUD has released the estimated median family incomes (MFIs) and income limits for Fiscal Year (FY) 2010. MFIs are used as the basis for income limits in several HUD programs (including the Public Housing, Housing Choice Voucher, CDBG, and HOME programs), as well as in programs run by the Department of Agriculture, the Department of Treasury, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, and Government Sponsored Enterprises.
The FY 2010 HUD income estimates and limits, a documentation system that explains the derivation of each area’s limit and median income estimates, links to the current Income Limits Area Definitions, and other useful information are available as a free download from HUD USER at http://bit.ly/2010HUDIncomelimits. In addition to the traditional Income Limits described above, HUD has again developed a set of income limits specifically for projects that rely upon Internal Revenue Code Section 42 Low-Income Housing Tax Credits and Section 142 projects financed with tax-exempt housing bonds. Projects in these two categories are referred to by HUD as Multifamily Tax Subsidy Projects (MTSPs). The FY 2010 HUD MTSP income limits, a documentation system that explains the derivation of each area’s MTSP limit and median income estimate, and other useful information are available as free downloads from HUD USER at http://bit.ly/2010multifamilytaxlimits. |
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