The U.S. Department of Housing and Urban Development has released the new area median income limits for Fiscal Year 2011. They are effective May 31, 2011. The income limits are used to determine maximum incomes for eligible households and maximum rent limits under a variety of HUD programs (e.g., Section 8) as well as other programs. The separate Multiple Tax Subsidy Project (MTSP) limits are used just for low-income housing tax credit projects and tax-exempt bond-financed rental housing projects. Read more…