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Rental Asset Management Newsletter

Property Management Software Developers: Check out our RCRS Data Upload (XML) information

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Income Limits

The household size income limit is an important factor in determining a property’s compliance with state and federal regulations. This page has links to the necessary charts for you to determine your property’s compliance with the programs we monitor.

Low-Income Housing Tax Credit

The 2008 Income Limit & Maximum Rent Limit Chart has a more user-friendly format.  Each county is listed, along with each set-aside calculated for the county.  All set-asides for your property can now be viewed without flipping between charts or having to determine if you have the appropriate chart.  You can print the page with the county your property is located in, and highlight the set-asides which apply to your property.  These limits are effective February 13, 2008.

For more information, contact Susan Westbrook at sewestbrook@nchfa.com or (919) 877-5647.

2008 Income Limits and Maximum Housing Expense
2007 Income Limits and Maximum Housing Expense
2006 Income Limits and Maximum Housing Expense
2005 Income Limits and Maximum Housing Expense
2004 Income Limits and Maximum Housing Expense
2003 Income Limits and Maximum Housing Expense
2002 Income Limits and Maximum Housing Expense
2001 Income Limits and Maximum Housing Expense
2000 Income Limits and Maximum Housing Expense

Rental Production Program Loans

Income targeting for RPP properties is determined by the loan documents for each property and must be in conjunction with the following:

2008 HOME Rent Limits
2007 HOME Rent Limits
2006 HOME Rent Limits
2005 HOME Rent Limits
2004 HOME Rent Limits
2003 HOME Rent Limits
2002 HOME Rent Limits
2001 HOME Rent Limits

Project-Based Section 8

2008 Income Limits
2007 Income Limits
2006 Income Limits
2005 Income Limits

Agency-Issued Tax-Exempt Bonds

No charts are currently available.

Affordable Housing Disposition Program (RTC)

2008 FDIC Income Limits
2008 FDIC Rent Limits

2007 FDIC Income Limits
2007 FDIC Rent Limits

2006 FDIC Income Limits
2006 FDIC Rent Limits

2005 FDIC Income Limits
2005 FDIC Rent Limits

Supportive Housing Development Program

Housing funded under the Supportive Housing Development Program must serve individuals and families who earn below 50% of area median income. Rents and utilities cannot exceed 30% of gross household income for residents.

Tenant-Based Rental Assistance (TBRA)

TBRA is not currently funded.

       For Your First Home:

6.125%

for a 30-year, fixed-rate conventional mortgage with a 90-day lock in.


More Interest Rates...

       What's New @ NCHFA

Facing Foreclosure?
If you are facing foreclosure, you still may have some options for saving your home.
Learn More...

NC gets grant for housing counseling

2007 housing report

Jobs available

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North Carolina Housing Finance Agency   |   3508 Bush Street   |   Raleigh, NC 27609   |   919-877-5700  |   terms of use/privacy