The Maryland Department of Housing and Community Development (DHCD) posted the 2020 LIHTC Program Income and Rent Limits. Please note that the LIHTC Program Income and Rent Limits apply only to properties with a placed-in-service date of April 1, 2020, or later. If a tax credit property is placed-in-service before April 1, 2020, please refer to Novogradac’s income limit calculator to ensure the property is using income limits that take into account the Hold Harmless Provision Limits under the Internal Revenue Code. The Hold Harmless Provision Limits may be higher than the current income limits. The Office of Research prepared the 2020 State of Maryland Income and Rent Limits for the Department’s loan programs.
DHCD also updated the FAQ document for the 2020 competitive funding round. An updated Application Submission Package and CDA Form 202 is now available. A Certification for Zero Energy Ready Home designation was added to Exhibit E of the Application Submission Package. The leveraging calculation was updated in CDA Form 202 based on feedback received. Please make sure you are using the Application Submission Package dated August 2020 and CDA Form 202 dated July 2020.
