The following table depicts the 50 percent and 60 percent income limits for family sizes 1 through 8 for Multifamily Tax Subsidized Projects
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|---|---|---|---|---|---|---|---|---|---|---|
| FY 2023 MTSP Income Limit Area | Median Income | FY 2023 MTSP Income Limit Category | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
| 50 Percent Income Limits | ||||||||||
| 60 Percent Income Limits | ||||||||||
NOTE: Official MTSP Income limits, available in pdf and excel formats at this link, may differ slightly from those calculated in the documentation system and should be used for ALL official purposes. 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.
The following table outlines the maximum set of Income Limits for existing projects within to use based on the projects Placed in Service Date:
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|---|---|
| Vintage of Maximum Income Limits | |
| Placed In Service Date | Maximum Income Limits |
| On or before 12/31/2008 | FY |
| 1/1/2009 to 5/13/2010 | FY |
| 5/14/2010 to 5/31/2011 | FY |
| 6/1/2011 to 11/30/2011 | FY |
| 12/01/2011 to 12/10/2012 | FY |
| 12/11/2012 to 12/17/2013 | FY |
| 12/18/2013 to 3/05/2015 | FY |
| 3/06/2015 to 3/27/2016 | FY |
| 3/28/2016 to 4/14/2017 | FY |
| 4/14/2017 to Present | FY |
NOTE: 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.
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