CARH’S BROADCAST E-MAIL – Regulatory Alert
August 2, 2023
On July 13, 2023, Rural Development’s (RD) Office of Multifamily Housing issued PN 587 which published 2023 Income Limits for multifamily housing programs. The updated 2023 income limits include limits for the Section 538 Guaranteed Rural Rental Housing Program. The income limits were effective July 13, 2023. The current Income Limits are 115% of the Area Median Income (AMI) for each County/Metropolitan Statistical Area (MSA) and household size.
The updated Income Limits are available on the Office of Multifamily Housing’s website under “Tool and Resources” and also available on the Multifamily Housing Loan Guarantees website under the “Overview” tab.
If you have questions or need additional information on these updated Income Limits, please contact Tammy Daniels, Finance and Loan Analyst in the Program Support Branch of the Production and Preservation Division at tammy.daniels@usda.gov.
Subscribers to CARH’s Electronic AN Express received notice of the RD’s PN 587 that updated HB-01-3565 on July 14. If you would like to subscribe to the Electronic AN Express, click here.
For other news and information affecting the affordable rural housing industry, please visit the Newsroom on CARH’s website, www.carh.org.