affordable housing: Affordable Housing Income Limits Change This Month
- 07/08/16 12:04 AM
Income limits that affect Affordable Housing and Community Investment Act (CRA) lending changed as of 7/1/2016. The change is for the median family income calculation for all census tracts in the U.S. If you have buyers that are currently pre-qualified under this type of program it’s a good time to ask for your clients financing letter to be updated. These changes can affect all states and counties and below are some of the programs that fall in this category. State Housing Financing Agencies: In Ohio the program is with the Ohio Housing Finance Agency (OHFA). The income limit for this program is 1.20% (1 comments)