On April 18, 2022, HUD released the official HUD 2022 Income Limits (you can read the official page here). Owners of properties participating in HUD’s Multifamily Housing Programs must utilize these limits when processing Move-Ins and Initial Certifications HUD Form 50059s effective April 18, 2022 or later. Owners must verify the appropriate income limits are loaded into their compliance software.
What To Know About HUD 2022 Income Limits
Be advised, these income limits for HUD programs may vary from those published for the Low Income Tax Credit or HOME Program. Owners should enter in the appropriate dollar figures in each of the fields, within their settings, versus entering in the amounts for a given percentage limit and then having the software auto-calculate the remaining limits.
Keep in mind, revised income limits do not impact the eligibility of in-place residents. While the correct limits should display on all certifications generated after April 18, 2022, these limits only play a role in determining program eligibility for Move Ins or Initial Certifications for certain households.
If you identify specific income limits within other written policies, like your Tenant Selection Plan or Screening Criteria, remember that these documents must be updated as well.
Jenny DeSilva is the President and CEO of DeSilva Housing Group and has over 22 years of experience in affordable housing and is a recognized industry compliance expert, with extensive consulting and training knowledge in HUD’s Multifamily Housing programs. She can assist you with staying compliant when it comes to HUD 2022 income limits, as well as multiple other affordable housing statutes.
Find out more about DeSilva Housing Group’s services here, and ask us about our Live Training sessions for HUD properties!
