en espaņol  |home  |investors |contact us  |help
Welcome to the North Carolina Housing Finance AgencyRental Developers & Managers
   
 
Home Buyers, Homeowners, Renters & Special Needs Rental Developers, Owners / Managers Lenders, Builders & Real Estate Agents Local Governments & Nonprofits Forms & Resources About Us
 

Rental Developers sectionRental 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 a Local Jobs Initiative

TCAP/Exchange Programs

Owners & ManagersOwners / Managers

Back to top navigation
Resources

Final 2012 QAP

Updated Application Schedule

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 2011 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 31, 2011.

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

2011 State-Mandated Set-Aside Income & Rent Limits

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:

2012 HOME Rent Limits
2012 HOME Income Limits
2011 HOME Rent Limits
2011 HOME Income Limits
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

2012 Income Limits
2011 Income Limits
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)

2012 FDIC Income Limits
2012 FDIC Rent Limits

2011 FDIC Income Limits
2011 FDIC Rent Limits

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.

2011 Income Limits
2010 Income Limits

Tenant-Based Rental Assistance (TBRA)

TBRA is not currently funded.

       For Your First Home:

3.625%

For a 30-year fixed rate (minimum 60-day lock-in) without NCHFA down payment assistance funds.


       What's New @ NCHFA

Hurricane Recovery Resources
Find out where to get housing help in the wake of Hurricane Irene.
Learn More...

Are you homeless or at risk?

Properties for sale

Check out the 2011 Housing NC Award Winners

Email this page E-Mail this page

Bookmark this page Bookmark this page

Subscribe to this page Subscribe to this page

Manage subscriptions


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