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Income and Rent Limits for All Tax Credit and Bond Financed Properties

2020 HUD Income and Rent Limits Released

Please Read Compliance Memo Concerning 2020 Limits

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To find the limits for your property, click on the blue “Search Income and Rent Limits by Property” button above.  A PDF file will open which lists all multifamily properties in alphabetical order.  Click on the limits hyperlink to the right of the property name and you will be taken to the income and rent limits set applicable to your property as of 4/1/2020.

Please email your property’s Portfolio Analyst if you would like a sortable Excel file version of the Limits by Property PDF file.

HISTORICAL LIMITS: If you need to find rent/income limits from previous years, click here.

Important Notes:

Income and rent limits for Low Income Housing Tax Credit and Tax-Exempt Bond properties are calculated annually by the federal Department of Housing and Urban Development (HUD) using established HUD formulas. As a customer service, the Washington State Housing Finance Commission provides these limits to property owners and managers. However, per IRS regulations, it is the sole responsibility of property owners to use the correct limits applicable to their properties. Any noncompliance resulting from the use of an incorrect limit is entirely the responsibility of the property owner.

Properties with additional funding from other city, county, state, or federal affordable housing programs may be required to use lower rent and income limits than the HUD limits listed here. The correct limits are automatically applied to each unit within the WBARS system. If your company does not use WBARS, however, be sure to check for the appropriate rent and income limits on the websites of the property’s other funders.

Maximum rent limits include the cost of utilities paid by the resident. Unless your property pays ALL utilities, you must allow for the estimated amount the resident pays for utilities (also known as a utility allowance) when calculating the rent charged, so that both together do not exceed the rent limits. Go to our utility allowances page to learn more about this requirement.

 
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