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- NIFA LIHTC 2021 Rent and Income Limits
Program Name |
Conventional Loan Rate |
Government Loan Rate |
---|---|---|
Military Home | N/A | 5.750%* |
First Home Targeted | 6.250%* | 5.750%* |
First Home | 6.500%* | 6.000%* |
Homebuyer Assistance (HBA) | 6.750%* - 1st loan 1.000%* - 2nd loan |
6.250%* - 1st loan 1.000%* - 2nd loan |
Welcome Home++ | 7.375%* | 6.875%* |
Welcome Home Assistance (WHA)++ | 7.625%* - 1st loan 1.000%* - 2nd loan |
7.125%* - 1st loan 1.000%* - 2nd loan |
Last changed 11/08/2024 at 9:00 a.m
*This is not an advertisement for credit as defined in Reg.Z; contact a participating NIFA lender for Annual Percentage Rate (APR) information. Rates are subject to change without prior notice.
++An origination fee up to 0.50% of the loan amount may be charged by Lender.
Investor Residential Developer/Property Manager Home / About Community Development
The 2021 rent and income limits have been published and can be found at the following link: https://bit.ly/2xuJzGS. These limits must be implemented by May 16, 2021. Please pass this on to the appropriate tax credit property compliance personnel if you are not the person(s) performing those functions. (Please be advised that the rents listed are maximums only, and that those projects having a Land Use Restriction Agreement (LURA) with specific targeted rents are additionally responsible for charging rents which do not violate the LURA.)
If you have any questions, please contact the Tax Credit Compliance Department at (402) 434-3900.