FY 2016 Multifamily Tax Subsidy Project Income Limits Summary

The following table depicts the 50 percent and 60 percent income limits for family sizes 1 through 8 for Multifamily Tax Subsidized Projects
Chicago-Joliet-Naperville, IL HUD Metro FMR Area
FY 2016 MTS Income Limit Area Median Income FY 2016 MTS Income Limit Category 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Chicago-Joliet-Naperville, IL HUD Metro FMR Area 50 Percent Income Limits
60 Percent Income Limits


NOTE: Underlined headings in both the IL table link to detailed documentation concerning the calculations of the parameters listed here.

NOTE: Based on paragraph (a)(E)(i) of section 3009 of the Housing and Economic Recovery Act (HERA) of 2008 (Public Law 110-289), projects that used income limits based on the FY2009 publication should use the higher of the FY2009 or FY2011 income limits.

Determination of Maximum Income Limits

The following table outlines the maximum set of Income Limits for existing projects within Chicago-Joliet-Naperville, IL HUD Metro FMR Area to use based on the projects Placed in Service Date:

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Chicago-Joliet-Naperville, IL HUD Metro FMR Area
Vintage of Maximum Income Limits
Placed In Service Date Maximum Income Limits
On or before 12/31/2008 FY2009
1/1/2009 to 5/13/2010 FY2009
5/14/2010 to 5/31/2011 FY2010
6/1/2011 to 11/30/2011 FY2011
After 12/01/2011 FY2012

NOTE: The information provided above is based on HUDís interpretation of Section 3009 of HERA and is not an official determination. Official determinations of maximum income limits and all compliance issues are the purview of the State Housing Finance Agencies and the Internal Revenue Service. A list of state allocating agencies and their internet contact information is available here.


Data file last updated Fri., Apr 14, 2017.



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