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  1. HUD develops income limits based on Median Family Income estimates and Fair Market Rent area definitions for each metropolitan area, parts of some metropolitan areas, and each non-metropolitan county. FY 2024 Ceiling Methodology Change FAQs

  2. The HOME Income Limits are calculated using the same methodology that HUD uses for calculating the income limits for the Section 8 program, in accordance with Section 3 (b) (2) of the U.S. Housing Act of 1937, as amended. These limits are based on HUD estimates of median family income, with adjustments based on family size.

  3. PDR-2021-01. This memorandum transmits median family incomes for FY 2021. HUD uses the Section 8 program’s Fair Market Rent (FMR) area definitions for its median family incomes, which means that medians are developed for each metropolitan area, parts of some metropolitan areas, and each nonmetropolitan county.

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  4. FY 2024 Median Family Incomes for States, Metropolitan and Nonmetropolitan Portions of States Author: HUD Keywords: median family income limits, 2024, state, metropolitan, nonmetropolitan Created Date: 2/26/2024 2:40:49 PM

  5. Dec 2, 2022 · This is a result of the Census Bureau’s decision to not release standard 1-year estimates from the 2020 ACS. HUD plans on releasing FY 2023 median family income estimates and income limits on or about May 15, 2023. For more information, please see here.

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