HOME Income Limits – HUD Exchange, income from home.#Income #from #home

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HOME Income Limits

HOME Income Limits data are available from FY 1998 to the present.

The HOME Income Limits are calculated using the same methodology that HUD uses for calculating the income limits for the Section 8 program, in accordance with Section 3(b)(2) of the U.S. Housing Act of 1937, as amended. These limits are based on HUD estimates of median family income, with adjustments based on family size. The Department’s methodology for calculating nationwide median family income figures is described in Notice PDR-2001-01. For more information about how HUD calculates the HOME Program income limits, visit HUDUSER.ORG, the website for HUD’s Office of Policy Development and Research, for more general information.

Family sizes in excess of 8 persons are calculated by adding 8% of the four-person income limit for each additional family member. That is, a 9-person limit should be 140% of the 4-person limit, the 10-person limit should be 148%.

The HOME income limit values for large households (9-12 persons) must be rounded to the nearest $50. Therefore, all values from 1 to 24 are rounded down to 0, and all values from 25 to 49 are rounded up to 50.

On January 27, 2009, HUD s Office of Public and Indian Housing (PIH) issued a Part 5 final rule on Refinement of Income and Rent Determination Requirements in Public and Assisted Housing Programs. Effective March 30, 2009, this rule makes conforming changes to the HOME regulations at 24 CFR 92.203(d)(1) Income Determinations to ensure consistency among HUD programs. The rule changes the way that PJs calculate annual income for the HOME program, although the practical effect of this change is minimal.

Related Information

To view additional related information, including Area Definitions, Uncapped 80% of Median Calculations, and Memos, select a specific year from the filter below.

HOME Income Limits

Please note that the CPD Income Calculator has not been updated for the 2017 income limits. A listserv message will be sent out once the 2017 income limits have been updated in the calculator. Please make sure you receive HUD Exchange Mailing List messages for the HOME program.

HOME Income Limits are listed below. Browse the income limits by selecting the next page or use the filters on the left to find specific income limits for the current or previous years.

Note: The 2017 Income Limits are effective on June 15, 2017.

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