How the Gross Rent Floor Election Protects Rent from Falling Income Limits

How the Gross Rent Floor Election Protects Rent from Falling Income Limits



To calculate the rent for your low-income units, you use HUD income limits. These are the same limits you use to determine whether households are qualified. The limits you use depend on the geographic location of your building and the percentage of area median gross income (AMGI) the owner and your state housing agency agreed to apply.

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