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HUD: Home Rent Limits
Principal Investigator(s): View help for Principal Investigator(s) United States Department of Housing and Urban Development
Version: View help for Version V1
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Project Citation:
Project Description
- The fair market rent for existing housing for comparable units in the area as established by HUD under 24 CFR 888.111; or
- A rent that does not exceed 30 percent of the adjusted income of a family whose annual income equals 65 percent of the median income for the area, as determined by HUD, with adjustments for number of bedrooms in the unit. The HOME rent limits provided by HUD will include average occupancy per unit and adjusted income assumptions.
- The rent does not exceed 30 percent of the annual income of a family
whose income equals 50 percent of the median income for the area, as
determined by HUD, with adjustments for smaller and larger families. HUD
provides the HOME rent limits which include average occupancy per unit
and adjusted income assumptions. However, if the rent determined under
this paragraph is higher than the applicable rent under 24 CFR
92.252(a), then the maximum rent for units under this paragraph is that
calculated under 24 CFR 92.252(a).
- The rent does not exceed 30 percent of the family's adjusted income. If the unit receives Federal or State project-based rental subsidy and the very low-income family pays as a contribution toward rent not more than 30 percent of the family's adjusted income, then the maximum rent (i.e., tenant contribution plus project-based rental subsidy) is the rent allowable under the Federal or State project-based rental subsidy program.
6 BR = 1.30 x 4 BR FMR
7 BR = 1.45 x 4 BR FMR
8 BR = 1.60 x 4 BR FMR
9 BR = 1.75 x 4 BR FMR
10 BR = 1.90 x 4 BR FMR
11 BR = 2.05 x 4 BR FMR
12 BR = 2.20 x 4 BR FMR Note: The FY 2024 HOME Rent Limits effective date is June 01, 2024.
Scope of Project
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