On April 24, 2019, the U.S. Department of Housing and Urban Development (HUD) released the 2019 Multifamily Tax Subsidy Program (MTSP) income limits. These limits have been incorporated into the Texas Department of Housing and Community Affairs (TDHCA) Project Income and Rent Tool. The tool also reflects the changes made to income limits through the Housing and Economic Recovery Act of 2008 (rural limits, hold harmless, etc.). You can review the 2019 Project Income and Rent Tool at http://www.tdhca.state.tx.us/pmcomp/irl/index.htm.
The tool will identify new maximum income and rent limits for most TDHCA-administered properties participating in the Housing Tax Credit, Tax Exempt Bond, and State Housing Trust Fund rental programs. Note that not all areas of the state had an increase in Area Median Income, therefore some properties will have no change in their income and rent limits; however, no project that is already placed in service should have a decrease in their income and rent limits. Please follow the instructions in the worksheet. Failure to do so will produce incorrect results.
The Community Planning and Development section of HUD has not released new limits for the HOME Program, which are used by all Multifamily Direct Loan program properties except for National Housing Trust Fund. When the HOME and National Housing Trust Fund data is available, it will be incorporated into the Project Income and Rent Limit Tool. Income limits for the Section 811 PRA program are available at the following link: https://www.tdhca.state.tx.us/section-811-pra/participating-properties.htm.
Owners and managers of TDHCA-supported properties are encouraged to use TDHCA’s Income and Rent Limit handout if/when they inform residents of any changes to their rent. The handout provides helpful information about income and rent limits, including what residents can do when the rent goes up. Links to English and Spanish versions of the handout are available in the “Helpful Tools” box in the top right corner of TDHCA’s “Income and Rent Limits” web page at: https://www.tdhca.state.tx.us/pmcomp/irl/index.htm.
If you have any questions about income and rent limits or believe there is an error in the data, please contact Cody Campbell at (512) 475-4603 or at email@example.com.