DONATE TO HAND TODAY!
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
  • Rss

Housing Association of Nonprofit Developers (HAND)

  • ABOUT
    • MEET THE TEAM
    • BOARD OF DIRECTORS
    • COMMITTEES
    • STRATEGIC ALIGNMENT
  • MEMBERS
    • JOIN OR RENEW MEMBERSHIP
    • MEMBER BENEFITS
    • MEMBERS-ONLY PORTAL
    • MEMBER DIRECTORY
    • SUBSCRIBE
    • CAREER CENTER
    • INDUSTRY RFPS
    • TRAINING GRANTS
    • COVID-19 RESOURCES
  • PROGRAMS
    • 2020-2021 TRAINING & CAPACITY BUILDING SERIES
    • GENERATIONHAND
      • WHAT IS GENERATIONHAND?
      • INTERNSHIP GRANTS
    • EVENTS ARCHIVE
  • ACTIVATIONS
    • DC COMPREHENSIVE PLAN
    • HOUSING INDICATOR TOOL
    • MY RIGHT, MY FIGHT
    • HOUSING LEADERS GROUP
  • EQUITY
    • DESIGN TEAM
    • RESOURCE CENTER
    • RE FAST FIVE
    • WHEN WE ALL VOTE
  • BLOG
    • MATTERS@HAND
    • AREAS OF NEED
    • MEMBER EVENTS & SUCCESS STORIES
    • OPPORTUNITIES
  • ANNUAL MEETING
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    • AWARDEE ARCHIVES
  • SPONSOR OUR 30TH
    • SUPPORTERS
  • CONTACT
    • SIGN UP FOR HAND UPDATES

Blog - Latest News

HUD Releases FY 2020 HUD Income Limits

April 25, 2020
April 25, 2020

This post was shared by HUD’s Office of Policy Development and Research.

HUD has released the median family incomes and income limits for Fiscal Year (FY) 2020. Median incomes are used as the basis for income limits in several HUD programs, including the Public Housing, Section 8 Housing Choice and Project-Based Voucher, Section 202 housing for the elderly, and Section 811 housing for persons with disabilities programs, as well as in programs run by agencies such as the Department of the Treasury, the Department of Agriculture, and the Federal Housing Finance Agency. Community planning and development programs, as well as HOME investments, also rely on HUD income limits in their administration.

FY 2020 median family incomes are calculated for all metropolitan and non-metropolitan counties in the U.S. and Puerto Rico using data from the 2017 American Community Survey and from the Puerto Rico Community Survey. Values are projected forward to the midpoint of FY 2020 using a Consumer Price Index (CPI) forecast. The very low-income limits (usually calculated as 50 percent of median incomes) are the basis for calculating all other income limits, as they are the most rigorously defined. Income limits are adjusted according to family size. The FY 2020 median family income estimates and income limits are based on metropolitan area definitions, defined by the Office of Management and Budget (OMB) using community relationships from the 2010 Decennial Census, as updated through 2017.

Visit the FY 2020 Income Limits page on HUD User to access the data and documentation.

0 Comments/in HAND News, Industry Highlights /by H.A.N.D.
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

← MaGrann Designs COVID-19 Supplemental Care Units (previous entry)
(next entry) COG Board Issues a Regional “Commitment to Coordination” Through the COVID-19 Pandemic →

Latest News

  • Five Minutes with SC&H GroupNovember 23, 2020 - 11:54 pm
  • Celebrate Veterans Day with Montgomery CountyNovember 6, 2020 - 9:21 am
  • Five Minutes with LaToya ThomasOctober 23, 2020 - 9:48 am
  • Congratulations to the 2020 Todd A. Lee Scholarship Recipients!September 29, 2020 - 9:27 am

New Members

  • hand-housing-member-directory-individualPatrick SheridanDecember 22, 2020 - 1:22 pm
  • EYADecember 22, 2020 - 12:44 pm
  • hand-housing-member-directory-consultant-and-sole-practitionerFreedmen LLCDecember 10, 2020 - 1:45 pm
  • hand-housing-member-directory-consultant-and-sole-practitionerXavier Estates/Smalltimore HomesDecember 10, 2020 - 1:44 pm
© Copyright Housing Association of Nonprofit Developers (HAND)