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Robin
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Joined: 30 Aug 2007
Posts: 3416
Location: Loveland, OH

New HUD 2010 Income Limits
PostPosted: Mon May 17, 2010 9:25 pm Reply with quoteBack to top

(From the HUD/PD&R Newsletter)

HUD has released the estimated median family incomes (MFIs) and income limits for Fiscal Year (FY) 2010. MFIs are used as the basis for income limits in several HUD programs (including the Public Housing, Housing Choice Voucher, CDBG, and HOME programs), as well as in programs run by the Department of Agriculture, the Department of Treasury, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, and Government Sponsored Enterprises.

The FY 2010 estimates are calculated for 535 metropolitan and 2,037 nonmetropolitan areas in the U.S. and its territories, using the Fair Market Rent area definitions applied in the Section 8 Housing Choice Voucher program. The derivation of FY 2010 MFIs is unchanged from last year, but local and state data are updated with the 2006–2008 American Community Survey.

The FY 2010 HUD income estimates and limits, a documentation system that explains the derivation of each area's limit and median income estimates, links to the current Income Limits Area Definitions, and other useful information are available as a free download from HUD USER at http://www.huduser.org/portal/.....ndex.html.
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