MTSP Income & Rent Limits
The 2021 Income and Rent limits reflect the hold harmless policy as enacted by the 2008 HERA legislation. Owners must know the placed in service year for the property in order to use the correct income limits.
Placed in Service (PIS) Dates:
- For acquisition/rehab developments, use the project's* acquisition PIS date
- For rehab-only developments, use the project's* rehab PIS date
- For new construction, use the project's* Certification of Occupancy date
* Each building in the development must be treated as a separate project for LIHTC purposes unless the owner elects to treat the buildings collectively as one property per Form 8609, Part II, question 8b. If buildings are collectively treated as one project, the PIS date of the first building is the applicable PIS date
- 2022 Income & Rent Limits for Projects Placed in Service on or before 12/31/2008
(including HERA Special Projects for Post 1986 Projects*)
*Post 1986 Project: Project was financed after the 1986 internal revenue tax changes - 2022 Income & Rent Limits for Projects Placed in Service on or before 12/31/2008
(including HERA Special Projects for Pre 1986 Projects*)
*Pre 1986 Project: Project was financed before the 1986 internal revenue tax changes - 2022 Income Limits & Rents for Projects Placed in Service from 01/01/2009 – 03/05/2010
- 2022 Income Limits & Rents for Projects Placed in Service from 3/06/2010 – 03/31/2021
- 2022 Income Limits & Rents for Projects Placed in Service from 4/01/2021 – 4/18/2022
- 2022 Income Limits & Rents for Projects Placed in Service on or after 4/18/22
Archived Income Limits & Rents (previous years)
Additional Resource:
Novogradac & Company LLP, as a courtesy to the LIHTC industry, has made available their
Rent and Income Limit Calculator
Income Limit Disclaimer
The compliance with IRC 42 and the Regulations is solely the responsibility of the owner of the project and the owner is solely responsible for the consequences of any non-compliance. The determination of maximum income and rent limits is complex and the use of a Tax Credit Professional is recommended.
