Rental Developers

- What we offer

- Does my project qualify?

- Qualified Allocation Plan (QAP)

- Fair Housing Act self-evaluation

- Housing Credit application process

- Tax-exempt bond process

- Timelines & events

- Income limits

- Development portfolio

- Housing NC Awards

- Understanding Section 3

- TCAP/Exchange Programs

Owners / Managers

Resources

2010 Housing Credit Awards

Final 2010 QAP

2009 Housing Credit Awards

Final Cost Certification Form

10% Cost Certification Form

Planning an Opening

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 2010 Income & Rent limits are available; however, they are project-specific due to recent changes in the law.  Therefore, we are unable to produce tax credit income and rent limit charts as in previous years.  The limits for each property may be found in Rental Compliance Reporting System (RCRS).  Below is an excerpt from the HR 3221, which mandated changes to the way income limits are calculated, along with a technical explanation of how these changes affect tax credit properties .  The new limits are effective May 14, 2010.

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

2010 State-Mandated Set-Aside Income & Rent Limits
(Used for deeper State targeting requirements, including State tax credits & Key – Not applicable for HOME, Section 8 or Federally required set-asides)
2010 Income & Rent Limits Regulatory Guidance

2009 Standard Income & Rent Limits
2009 HERA Special Income & Rent Limits
2009 Rural Income & Rent Limits

View memo concerning 2009 income limits

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:

2010 HOME Rent Limits
2010 HOME Income Limits
2009 HOME Rent Limits
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

2010 Income Limits
2009 Income Limits
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)

2010 FDIC Income Limits
2010 FDIC Rent Limits

2009 FDIC Income Limits
2009 FDIC Rent Limits

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.

2010 Income Limits

Tenant-Based Rental Assistance (TBRA)

TBRA is not currently funded.