On April 1, 2024, the U.S. Department of Housing and Urban Development (HUD) released the 2024 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 2024 Project Income and Rent Tool at https://www.tdhca.texas.gov/income-and-rent-limits.

The tool will identify new maximum income and rent limits for most TDHCA-monitored properties participating in the Housing Tax Credit, Tax Exempt Bond, and the State Housing Trust Fund rental programs. Please note, 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 property that is already placed in service should have a decrease in their income and rent limits. Please follow the instructions in the Income and Rent tool worksheet posted on the website under “Helpful Tools.” Failure to do so will produce incorrect results.

The Community Planning and Development (CPD) section of HUD has released the 2024 income and rent limits for the HOME Investment Partnerships Program (HOME), Neighborhood Stabilization Program (NSP), and the National Housing Trust Fund (NHTF) program. These limits have been incorporated into the 2024 Project Income and Rent Tool. The income limits are effective June 1, 2024, and the rent limits on the same date for all new leases and lease renewals, including month-to-month leases.

Owners and managers of TDHCA-monitored 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” section of TDHCA’s “Income and Rent Limits” web page at https://www.tdhca.texas.gov/income-and-rent-limits.

If you have any questions about income and rent limits or believe there is an error in the data, please contact Amy Hammond, Manager of Compliance Monitoring, at [email protected].