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2024 affordable housing regional income limits by household size Moderate income is between 80 and 50 percent of the median income. Low income is 50 percent or less of median income.
AHPNJ has now calculated the 2024 income limits and rental increases (other years are available by request). Consult with your municipal or affordable housing attorney before utilizing these limits to make sure that they can be used in your municipality.
*NOTE: DCA has released the 2023 Utility Allowance Charts effective 11/01/2023. Per IRS regulation, updated utility allowances must be implemented within 90 days of the effective date or no later than 2/01/2024. View the Utility Allowance Unit Type Description.
low income 68500 78250 88050 97800 105650 113450 121300 129100 Vineland-Bridgeton, NJ MSA
For most NJ Fair Share Housing projects, an income of at least 35% of median is required to meet housing costs. Income includes, but is not limited to: wages, salaries (including overtime),
The following excel-based calculators, originally created by the New Jersey Council on Affordable Housing, with the 2024 Income Limits calculated by APHNJ, and have been updated with 2023 HUD Utility figures where applicable
The income limit for federal affordable housing programs is the maximum income a household can earn to qualify or be targeted for assistance. Income Limit methodology. Income limits are based on a percent of median family income for an area and are adjusted based on how many people live in the household (including children).