Rental Developers

- What we offer

- Housing 400 Initiative

- 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

2009 Housing Credit Awards

Draft 2010 QAP

Final TCAP Criteria

Revised Exchange Criteria

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 2009 Income & Rent limits are posted below.  Please read the memo to see which chart applies to your property.  Each county is listed, along with each set-aside calculated for the county.   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 March 19, 2009.

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

2009 Standard Income & Rent Limits
(To be used by Tax Credit or tax exempt bond properties that also have Rural Development, HUD or HOME financing or rental assistance. Also for use with 2009 Tax Credit Alloctations.)

2009 HERA Special Income & Rent Limits
(To be used by Tax Credit or tax exempt bond properties WITHOUT RD, HUD or HOME.)

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:

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

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)

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.

Tenant-Based Rental Assistance (TBRA)

TBRA is not currently funded.