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HUD CPD has released the below. Our clients with HOME or the NHTF will be particularly interested in the second half of the announcement.
The FY 2024 Income Limits for the following programs are effective as of May 1, 2024, and the Community Planning and Development (CPD) Income Eligibility Calculator has been updated to incorporate these FY 2024 Income Limits.
- Brownfield Economic Development Initiative (BEDI)
- Community Development Block Grant (CDBG) Program
- CDBG Disaster Recovery (CDBG-DR)
- Neighborhood Stabilization Program (NSP)
- Section 108 Loan Guarantee Program
All calculations that are currently in a user's dashboard in the CPD Income Eligibility Calculator, as well as calculations completed going forward, will use the FY 2024 Income Limits for the purposes of determining eligibility.
Although a user's data and calculations are accessible within the CPD Income Eligibility Calculator for a period of time, this tool is designed to allow users to more easily update a beneficiary’s income in the future; it is not a repository of income calculations completed in the past.
Now that the CPD Income Eligibility Calculator has been updated with FY 2024 Income Limits, calculations based on the FY 2023 Income Limits data are accessible only if downloaded from the calculator and saved to a user’s hard drive (or printed off) prior to today.
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