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HUD revises income limits, rents

By: VHFA on 5/25/2010

The U.S. Department of Housing & Urban Development (HUD) recently updated its Section 8 Income Limits and released income limits for tax credit and tax-exempt bond projects.

One major change: HUD has eliminated its hold-harmless policy in the 2010 limits. Projects placed in service after May 14 will be affected.

VHFA Assistant Director of Multifamily Programs Kim Roy has written a memo on the changes for owners and managers of Low-Income Housing Tax Credit properties. The new limits are also attached to the memo.

Read the memo online.