Insights
InsightsSubscribe
Nelson Mullins’ Affordable Housing News
April 5, 2024
Navigating Florida Housing's 2024 Multifamily Rental Programs Income and Rent Limits Chart
The Florida Housing Finance Corporation (Florida Housing) just released the 2024 Multifamily Rental Programs Income and Rent Limits chart. The income limits found on this chart not only apply to Low Income Housing Tax Credit program developments but also pertain to developments that have received, or will receive, funding from either the Rental Recovery Loan Program (RRLP) or the State Apartment Incentive Loan (SAIL) programs.
Florida Housing’s chart is derived from the U.S. Department of Housing and Urban Development’s (HUD) Multifamily Tax Subsidy Projects Income Limits. Such income limits went into effect on April 1, 2024, and must be implemented by May 16, 2024.
GET IN TOUCH
These materials have been prepared for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel.