HUD published the 2019 income limits for the Low-Income Housing Tax Credit and Tax-Exempt Bond programs. The limits for the LIHTC and Bond projects are published separately from the limits for HUD programs and are called the MTSP limits.

Projects in service prior to 2009 may use the HERA Special Income Limits in areas with such limits published by HUD. Owners of LIHTC projects have a 45 day grace period to implement these new limits which ends on June 8, 2019.  However, keep in mind LIHTC and Bond properties are held harmless from limit reductions.

Link to Limits

50% National Non Metro Income Limits which are available for use only by eligible properties located in rural areas:

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
$21,200 $24,250 $27,250 $30,300 $32,700 $35,150 $37,550 $40,000

OHFA will publish a 2019 Rent and Income limit spreadsheet for Oklahoma sometime next week at www.ohfa.org.  This spreadsheet will have a new look as we prepare for the additional limits to be added soon due to the Average Income set-aside election that is now allowed for newer LIHTC properties.

Related posts:

  1. Multi-Family Bond & 4% Tax Credit Workshop
  2. 2019 Training Opportunities