HUD sets 2012 Rent & Income Limits for Section 8 and Low-Income Housing Tax Credit (LIHTC) programs

WASHINGTON, D.C. – December 20, 2011 – (RealEstateRama) — The Housing and Economic Recovery Act (HERA) of 2008 made statutory changes to how income limits are calculated for LIHTC and bond-financed properties. HERA protected owners from rent decreases in 2009, and established a new system for owners to hold their income limits and rents harmless beginning in 2010.