Extremely Low Income Limits Revised July 1, 2014

The Extremely Low Income limits have been re-defined and recalculated, and are effective on July 1, 2014.

On June 25, 2014 the Federal Register posted a Notice of Statutory Changes: HUD Implementation of Fiscal Year 2014 Appropriations Provisions on Public Housing agency Consortia, Biennial Inspections, Extremely Low-Income Definition, and Utility Allowances.

The only part of this Notice that applies to HUD’s project-based Section 8 program has to do with the new definition of the Extremely Low Income limits.  All of the other items pertain only to PIH (Public and Indian Housing).  The Section 8 Income Targeting requirement has not changed – at least 40% of households with Move-In or Initial certifications within the property’s fiscal year must meet the Extremely Low income limit.

Effective July 1, 2014 Extremely Low Income limits are defined as “very low-income families whose incomes do not exceed the higher of the Federal poverty level or 30 percent of Area Median Income.”  This is the first time that the federal poverty level has been taken into consideration.

HUD has recalculated all of these income limits. Click here to download the new FY2014 Income Limits (only the Extremely Low limits have changed) and begin using them as of July 1, 2014.

Click here for the Revised Limits to find the ones that apply for your property.