HUD Issues 2015 Income Limits - March 10, 2015

On March 6, HUD issued its Section 8/Public Housing 2015 income limits.  The 2015 limits in Massachusetts are generally higher than in 2014 due to increases in the estimated median family income both nationally and in most of the state’s 19 FMR areas.  In Massachusetts, the increase in the 80% limit for a household of three averaged about 3% ($1,350-$1,750), rising in 17 of the 19 areas.  The 50% limit for a household of three rose in 13 of the areas but by more varied amounts ($700 to $2,350), while dropping in six areas.  The new limits for a household of 3 in the Boston-Cambridge-Quincy area are $26,600 (ELI); $44,350 (50% of AM) and $62,750 (80% of AMI).