2010 Income Limits Published
On May 14, 2010, HUD released the income limits for 2010. Once again, a separate data set was used for Multifamily Tax Subsidy Projects or MTSPs
which includes both Tax Credit and Tax-Exempt Bond properties financed under
Section 142. The income limits are effective May 14, 2010
which means they must be implemented no later than June 28, 2010. To access
the income limits click the appropriate links below:
Be sure to catch my in depth article on these new
limits in the next issue of
The Compliance Monitor.
 Please
note, HUD has made the decision to end its Hold Harmless Policy on its
Section 8 income limits. For more information on this policy please
click here.
If
you are unfamiliar with the Housing and Economic Recovery Act of 2008 and its
impact on the income limits, be sure to take the time to watch
Housing
Credits 205: Income Limits, Rents and Utility Allowances
which is available 24 hours a day, 7 days a week at the
Housing
Credit Online Training Center.
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