HUD Income and Rent Limits (2024)

Eligibility for Affordable Housing Programs by Income and Household Size

Updated: May 31, 2024

Eligibility for most affordable housing programs is determined by the Area Median Income (AMI).If you lined up every household in the Raleigh area in order from least to most income, the AMI is the amount in the middle. Affordable housing programsare targeted to households earning below 80% AMI, with some programs intended for lower AMI levels.

Each year, the income limits are updated. The chart below shows the current income and rent limits by household size and AMI level.

Source: U.S. Department of Housing and Urban Development
Percent of AMI	Family of 1	Family of 2	Family of 3	Family of 4	Family of 5	Family of 6	Family of 7	Family of 8
10%	$8,570	$9,790	$11,010	$12,230	$13,210	$14,190	$15,170	$16,150
20%	$17,140	$19,580	$22,020	$24,460	$26,420	$28,380	$30,340	$32,300
30%	$25,710	$29,370	$33,030	$36,690	$39,630	$42,570	$45,510	$48,450
40%	$34,280	$39,160	$44,040	$48,920	$52,840	$56,760	$60,680	$64,600
50%	$42,850	$48,950	$55,050	$61,150	$66,050	$70,950	$75,850	$80,750
60%	$51,420	$58,740	$66,060	$73,380	$79,260	$85,140	$91,020	$96,900
65%	$55,750	$63,635	$71,565	$79,495	$85,865	$92,235	$98,605	$104,975
70%	$59,990	$68,530	$77,070	$85,610	$92,470	$99,330	$106,190	$113,050
80%	$68,560	$78,320	$88,080	$97,840	$105,680	$113,520	$121,360	$129,200
90%	$77,130	$88,110	$99,090	$110,070	$118,890	$127,710	$136,530	$145,350
Area Median Income	$85,700	$97,900	$110,100	$122,300	$132,100	$141,900	$151,700	$161.500

Low Income Housing Tax Credit (LIHTC) Affordable Rent Limits
Percent of AMI	Efficiency Unit	1 Bedroom	2 Bedrooms	3 Bedrooms	4 Bedrooms	5 Bedrooms
30%	$642	$688	$825	$954	$1,064	$1,174
40%	$857	$918	$1,101	$1,272	$1,419	$1,566
50%	$1,071	$1,147	$1,376	$1,590	$1,773	$1,957
60%	$1,285	$1,377	$1,651	$1,908	$2,128	$2,349
70%	$1,499	$1,606	$1,926	$2,226	$2,483	$2,740
80%	$1,714	$1,836	$2,202	$2,544	$2,838	$3,132

HOME Affordable Rent Limits
	Efficiency Unit	1 Bedroom	2 Bedroom	3 Bedroom	4 Bedroom	5 Bedroom
Low HOME Rent Limit (50% AMI)	$1,071	$1,147	$1,376	$1,590	$1,773	$1,957
High HOME Rent Limit (65% AMI)	$1,371	$1,466	$1,646	$2,034	$2,249	$2,462
Fair Market Rent (FMR)	$1,427	$1,466	$1,646	$2,035	$2,711	$3,118
50% AMI Maximum Housing Expense	$1,071	$1,147	$1,376	$1,590	$1,773	$1,957
65% AMI Maximum Housing Expense	$1,371	$1,471	$1,767	$2,034	$2,249	$2,462