April 17, 2017 in Breaking News, Income Limits

2017 Income Limits

2017 Income Limits

On April 14, 2017, HUD released the 2017 Income Limits. Owners of properties participating in HUD’s Multifamily Housing Programs must utilize these limits when processing Move-Ins and Initial Certifications effective April 14, 2017 or later.

Owner/Agents must verify the appropriate income limits are loaded into their compliance software. If Management uses a Service Bureau to process certifications, please check with the Service Bureau to verify who will be responsible for updating the data. If PMCS is processing your property’s certifications, we will be responsible for verifying the appropriate income limits are being used.

Owner/Agents will need to reference their vendor instructions for specific guidance regarding how to make this update in their software. Please note, if PMCS processes your certifications and vouchers, we will update these limits in the software.