2020 LIHTC Income & Rent Limits; Sample Forms. IRS Clarifies How to Calculate Income Limits for LIHTC Average Income Set Aside By David Logan on February 11, 2020 • (). 2020 LIHTC Income and Rent Limits (effective 4/01/2020) 2019 LIHTC Income and Rent Limits (effective 4/24/2019) 2018 LIHTC Income and Rent Limits (effective 4/01/2018) 2017 LIHTC Income and Rent Limits (effective 4/14/2017) 2016 LIHTC Income and Rent Limits (effective 3/28/2016) 2015 LIHTC Income and Rent Limits (effective 3/6/2015) Sample Form 1 Kansas Housing Resources Corporation Application; Sample Form 2 Tenant Income Certification Sept 19 (PDF version) Sample Form 2 Tenant Income Certification Sept19 (Word version) Sample Form 3 Tenant Release Consent Template; Sample Form 4 Assets Under $5,000 Template ; Sample Form 5 Lease Addendum for Drug Free … Although the ELI limits o not impact LIHTC income limits, HUD has stated it will continue to release the Section 8 and income limits used for tax credit Novogradac estimates that 2019 and 2020 will have very robust growth. Based on this formula, the cap for 2020 will be just under 8 percent and the cap for 2021 will be just under 7 percent. The Novogradac Rent & Income Limit Calculator© has been updated to include fiscal year (FY) 2020 rent and income limit data that was released by the U.S. Department of Housing and Urban Development on March 31 with an effective date of April 1, 2020. HUD’s Office of Development and Research has made the Fair Market Rents and Income Limits available via an application programming interface (API). As discussed in this previous blog post, the change in U.S. median income is especially important as increases in low-income housing tax credit (LIHTC) and Section 8 income limits are limited to the greater of 5 percent or two times the change in U.S. median income. FY 2020 Median Family Income: 104,000 4 person 50% limit= 52,000 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person 20% 14560 16640 18720 20800 22480 24140 25800 27460 30% 21840 24960 28080 31200 33720 36210 38700 41190 40% 29120 33280 37440 41600 44960 48280 51600 54920 50% 36400 41600 46800 52000 56200 60350 64500 68650 60% 43680 49920 56160 … The Rent & Income Limit Calculator© is available with the compliments of Novogradac. 79 trillion in spending and $3. 2020 Income Limits via smartphone. Income Limits and Maximum Rents Effective April 1, 2020 MEDIAN INCOME (AMI) 66,600 MTSP ‐ Income Limits by Household Size‐‐‐Placed in Service AFTER 12/31/2008 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person 30% 15,240 … This allows developers to access and customize the Fair Market Rents and 2020 Income Limits data and use that data in their existing applications. •Income limits at all other income levels are.