2024 HUD Income Guidelines
Posted on Apr 21, 2022 in Main2024 HUD Income Rent and Sales Guidelines (by county) (apply to 201H-38 projects) (NEW!)
Note: Several changes were made to the HUD Income Rent and Sales Guidelines (by county) on July 8, 2024.
The Honolulu County Income Schedule for a 4-person family unit was corrected from 60%-140% of the area median income (AMI) due to the transposition of the number of the number at 60% AMI (from $83,250 to $83,520) and;
The corresponding Honolulu Affordable Rental Guidelines for a three-person unit at 60%-140% AMI was automatically corrected based on the corrected income for a four-person unit, and also the 60% AMI for the four-bedroom unit of the Affordable Rental Guidelines.
All County Affordable Sales Price Guidelines by Bedroom types (0 to 4 Bedrooms) were updated as follows:
- Pricing reflects occupancy guidelines set form in section 15-308-25 of Hawaii Administrative Rules, previously section 15-307 HAR.
- The monthly costs included in the 38.00% Max Housing Expense has been added; it was previously omitted.
2024 HUD Multifamily Tax Subsidy Projects (MTSP) Income Limits (apply to LIHTC, RHRF, HMMF and RARF programs) (NEW!)