2015 HUD Income Limits Have Been Released

On March 6, 2015, HUD released the 2015 Income Limits. Click here to view these limits. Owners of properties participating in HUD’s multifamily housing programs must utilize these limits when processing Move-Ins and Initial Certifications (when applicable) effective March 6, 2015 or later.

For those owners with properties participating in the Low Income Housing Tax Credit (LIHTC) Program, please note, a separate table of income limits is utilized for income eligibility determinations. This table is called the Multifamily Tax Subsidy Project Income Limits, available here. The income limits listed on these tables must be implemented by April 19, 2015.

It is critical that owners download and incorporate the correct income limit figures into their compliance software for each of their housing programs. Owners will need to reference their vendor instructions for specific guidance regarding how to make this update in their TRACS compliance software.

Please note, if you are a PMCS Service Bureau client, PMCS will take care of updating these limits in your software for you.