When the Department of Housing & Urban Development (HUD) published the 2022 income limits (effective April 18, 2022), the Department simultaneously published the National Nonmetropolitan Income Limits (NNMIL) as part of the Frequently Asked Questions (FAQ) section of the Income Tables. When originally published, the 50% NNMIL was as follows:
1 Person: $25,000
2 Person: $28,550
3 Person: $32,100
4 Person: $35,650
5 Person: $38,550
6 Person: $41,400
7 Person: $44,250
8 Person: $47,100
HUD has recently revised the NNMIL on the FAQ section of their website as follows:
50% NNMIL
1 Person: $24,950
2 Person: $28,500
3 Person: $32,100
4 Person: $35,650
5 Person: $38,500
6 Person: $41,350
7 Person: $44,200
8 Person: $47,050
The revised limits are slightly lower for certain family sizes.
Owners and managers using the NNMIL for their LIHTC properties should update the appropriate income limits going forward. While this revision was made after the original April 18 effective date, HUD has provided no guidance indicating that the revised limits have a later effective date. For this reason, owners and managers should assume the revised limits were effective on April 18 – even though they were not published.
It is recommended that all new move-ins to these properties on or after April 18, 2022, be reviewed for eligibility under the revised limits. If an eligibility issue is discovered, owners should consult with syndicators and investors to determine the steps to be taken. While it is hoped that state HFAs would be understanding in these cases, that is certainly not guaranteed. You may also feel free to reach out to us directly to discuss your options in these cases.