HUD Notice on Changes to the Methodology Used for Calculating Section 8 Income Limits
On January 10, 2024, the U.S. Department of Housing and Urban Development (HUD) published this notice in the Federal Register setting an annual cap of 10 percent on income limit increases for housing financed by Housing Credits, private activity bonds, and various HUD programs, including Section 8. The previous cap was five percent or twice the annual percentage change in median family income. Comments on the notice will be accepted through February 9, 2024, but HUD requests that comments are limited to responses to six provided questions.
