Here you will find HUD Fair Market Rent (FMR) data and income limits for low income housing tax credit (LIHTC Section 42 MTSP) properties and the Section 8 program. Income limits are also provided for projects financed with the Section 236, Section 235 and Section 221(d)(3) BMIR programs.
Please use our specialized search feature to locate FMR and income limits for counties and metropolitan areas throughout the United States, including the District of Columbia, Puerto Rico, Guam, US Virgin Islands, American Samoa and the Northern Mariana Islands. You can select by year and location (state or MSA).
Data for 2011-2019 can be located here by using our search feature. 2020 data will be published here when available.
Use this search feature to search by Metropolitan Statistical Area (MSA):
Use this search feature to search by state or territory:
LIHTC Income Limits – Multifamily Tax Subsidy Projects (MTSP)
MTSP income limits are used for LIHTC properties, including projects developed using 9% credits and 4% tax-exempt bonds.
MTSP was created by the Housing and Economic Recovery Act of 2008 (HERA). Under MTSP, applicable income limits for LIHTC projects vary based upon the project’s or building’s placed in service date. It is possible for area income limits to decline when area median income (AMI) levels fall (although properties that are placed in service may be protected by “hold harmless” provisions.) Properties that were placed in service prior to 2009 may be subject to HERA Special income limits.
The data provided here should be used with caution when applied to specific properties that have been placed in service, as the income limits that are applicable in a given year will vary based upon the project’s placed in service date and other factors.
Westmont Advisors is proud to partner with LIHTC compliance experts TheoPRO to offer development compliance services and Section 42 training programs for LIHTC professionals, including property managers, developers, asset managers, syndicators and government agencies. Training and other services are available throughout the United States. Click here to learn more.
For information about Section 42 rent and income restrictions, click here for an introduction. To learn more about the specifics of calculating maximum LIHTC rents, click here for a more detailed explanation, including several examples.
Affordable housing becomes easier to understand once you have learned its lexicon. For a guide to common industry terminology, click here for our Affordable Housing – LIHTC glossary.
Fair Market Rents / Small Area Fair Market Rents
Fair Market Rent (FMR) is used to set the payment standards for Section 8 Housing Choice Vouchers and other programs.
Whereas FMRs are calculated for each county or metro area, the Small Area Fair Market Rent (SAFMR) is calculated for each ZIP code within metropolitan statistical areas throughout the country and for non-metro areas that opt in to the SAFMR program. By using ZIP codes, SAFMR allows housing authorities to approve higher rent subsidy payments in those locations where rents exceed the area averages.
FMR is included in our Affordable Housing Data Center reports for all areas of the United States and US territories. We plan to provide SAFMR data soon; please watch this webpage for updates.
Westmont and our partners at TheoPRO can serve your needs throughout the United States. Please do not hesitate to contact us for more information about our consulting and advisory services for real estate acquisition, asset management and tax credits, including the Low Income Housing Tax Credit (LIHTC) and Historic Tax Credit (HTC), as well as other real estate matters. Click here to learn more about our team.
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