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Income Calculator Updated with FY 2016 Income Limits
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HUD has updated the Community Planning and Development (CPD) Income Eligibility Calculator to incorporate FY 2016 CPD Income Limits for all programs except the HOME Program, as the FY 2016 limits are not yet in effect for HOME. These limits have been effective since March 28, 2016 for most HUD programs.
How Does This Affect the Income Calculator?
IMPORTANT NOTICE FOR HOME CALCULATIONS ONLY: This calculator continues to apply the FY 2015 income limits for HOME Program calculations only, as the FY 2016 limits are not yet in effect for HOME. The FY 2016 income limits will not become effective for the HOME Program until after HUD posts the income limits, along with the 2016 HOME rent limits. All calculations (except HOME) that are currently in a user's dashboard in the CPD Income Eligibility Calculator, as well as all calculations completed going forward, will use the FY 2016 income limits for the purposes of determining eligibility.
Although your data and calculations are accessible within the CPD Income Eligibility Calculator for 13 months, this tool is designed to allow you to more easily update a beneficiary’s income in the future – it is not a repository of income calculations completed in the past.
Only calculations that had been downloaded from the calculator and saved to a user's hard drive (or printed off) prior to today used the previous year's income limits data for calculating a beneficiary's income eligibility.
Please direct any comments or questions to info@hudexchange.info.
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