HUD has released the 2012 Income Limits to be used by projects financed with low-income housing tax credits (LIHTC) and tax-exempt bonds, effective December 1, 2011. These income limits are calculated and presented separately from Section 8 income limits. The updated income limits for FY 2012 can be found on the HUD User website, along with Frequently Asked Questions about using the income limits and other documentation.