Setting Limits!

Part 4: Selecting Correct Income Limits for Tax Credit Properties In this series, we have covered the basics of tax credit compliance and how to research answers to questions tax credit professionals have in their daily practice. In this Basics article, the focus will be on income limits for tax credit properties. As household eligibility for units as well as rents are determined based on the income limits, this is a crucial topic to understand. Originally, the tax credit program shared HUDs section 8 income limits. The HUD section 8 and other program limits can be found HERE. However, the Housing and Economic Recovery Act of 2008 (HERA) created a new process to determine income limits for t

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Costello Compliance

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