The U.S. Department of Housing and Urban Development (HUD) has released a notice announcing that HUD will allow Section 8 income limits to decrease beginning with the FY-2010 income limits, but will limit all annual decreases to no more than 5 percent, and limit all annual increases to 5 percent or twice the change in national median family income, whichever is greater. The notice also announces that rents used in HUD’s HOME program will continue to be held harmless and that income limits for rural housing programs will continue their current hold-harmless policy, based on different area definitions. Read More…
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