Fiscal Year 2009 Income Limits

From: HUD USER News
 
On March 19, HUD released the estimated median family
incomes (MFIs) and income limits for Fiscal Year (FY)
2009. MFIs are used as the basis for income limits in
several HUD programs (including the Public Housing,
Housing Choice Voucher, CDBG, and HOME programs), as well
as in programs run by the Department of Agriculture, the
Department of Treasury, the Federal Deposit Insurance
Corporation, the Federal Housing Finance Agency, and
Government Sponsored Enterprises.
 
The FY 2009 estimates are calculated for 532 metropolitan
and 2,043 nonmetropolitan areas in the U.S. and its
territories, using the Fair Market Rent area definitions
applied in the Section 8 Housing Choice Voucher program.
The FY 2009 MFIs are derived from 2000 Census data
updated with local and state American Community Survey
2005-2007 multiyear data.
 
The FY 2009 HUD income estimates and limits, a
documentation system that explains the derivation of each
area's limit and median income estimate, links to the
current Income Limits Area Definitions, and other useful
information are available as a free download from HUD
USER at https://www.huduser.gov/portal/datasets/il.html#2009.
 
In addition to the traditional Income Limits described
above, HUD has developed a new set of income limits
specifically for projects that rely upon Internal Revenue
Code Section 42 Low-Income Housing Tax Credits and
Section 142 projects financed with tax-exempt housing
bonds. Projects in these two categories are now referred
to by HUD as Multifamily Tax Subsidy Projects (MTSPs).
The FY 2009 HUD MTSP income limits, a documentation
system that explains the derivation of each area's MTSP
limit and median income estimate, and other useful
information are available as free downloads from HUD USER
at www.huduser.gov/datasets/mtsp.html.
 
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