HUD Income Limits
HUD Income Guidelines are for use in rental or homeownership projects. In the tables Very Low Income is defined as 50 percent of Area Median Income (AMI) and Low Income as 80 percent of AMI. Per HUD guidelines, 60 percent of AMI is calculated by multiplying the Very Low Income limit by 1.20. Limits are effective April 1, 2020.
Maximum Purchase Price Limits
State Mortgage Revenue Bond Maximum Purchase Price Limits for non-targeted areas are for use with homeownership projects.
- Alaska Effective June 15, 2020
- Guam, Northern Mariana Islands, American Samoa Effective with IRS Rev. Proc. 2020-18
- Hawaii Effective May 20,2020
- Idaho Effective April 27, 2020
- Iowa Effective June 19, 2020
- Minnesota Effective June 15, 2020
- Missouri Effective June 15, 2020
- Montana Effective May 19, 2020
- North Dakota Effective May 1, 2020
- Oregon Effective April 8, 2020
- South Dakota Effective April 30, 2019
- Utah Effective June 9, 2020
- Washington Effective March 1, 2019
- Wyoming Effective July 8, 2020
NAHASDA Income Limits
Native American Housing and Self Determination Act (NAHASDA) income limits are for use in homeownership and rental projects for households eligible for NAHASDA assistance from a Tribally Designated Housing Authority (enrolled members of American Indian or Alaska Native tribes), or Native Hawaiians eligible for Title VIII-Housing Assistance (Native Hawaiians who reside on Hawaiian Home Lands). The attached document provides limits for the United States and for areas of Alaska. For Hawaii, use the United States limit. Limits shown in the attached document are 80% of area median income (AMI). For Competitive Affordable Housing Program projects that targeted 50% or 60% of AMI, inquire with the Bank on applicable limits. Limits are effective July 30, 2020.