On Tuesday, March 31, 2020 HUD released the 2020 Income Limits. To access the new income limits, visit the HUDUser web site at https://www.huduser.gov/portal/datasets/il.html. For HUD's Multifamily Housing program, the new 2020 Income limits are effective 4/1/2020. All new certifications created and finalized 4/1/2020 or later will include the new income limits. Property managers should remember that Income Limits are considered only at Move-in and, in very limited cases, at the Initial Certification. See HUD Handbook 4350.3 Paragraph 3-4. Income Limits are not reviewed at AR or IR. Income Limit changes do not affect current residents' eligibility for the HUD Multifamily Housing programs (Section 8, PRAC, etc.) when that resident is already receiving subsidy/housing assistance. Do not terminate assistance when a current resident's income exceeds the income limit. If you have already extended a unit offer and your new resident's income exceeds the new income limit, you can still honor that move-in. You will need to document the tenant file appropriately. See HUD's RHIIP ListServ 293 issued in 2012. New Income Limits must be entered in to your software program. In most cases, this means that you will need to update the income limit tables in your site software. Check your income limit tables and if the new 2020 limits are different, update pertinent fields. If you don't know how to check your income limits, refer to your software documentation, your software vendor's web resources or call your software vendor's customer support number. |
