NIFA LIHTC 2020 Rent and Income Limits

NIFA LIHTC 2020 Rent and Income Limits

Current rates

Program
Name
Conventional
Loan Rate
Government
Loan Rate
Military Home N/A 5.375%*
First Home Targeted 5.875%* 5.375%*
First Home 6.125%* 5.625%*
Homebuyer Assistance (HBA) 6.375%* - 1st loan
1.000%* - 2nd loan
5.875%* - 1st loan
1.000%* - 2nd loan
Welcome Home++ 6.875%* 6.375%*
Welcome Home Assistance (WHA)++ 7.125%* - 1st loan
1.000%* - 2nd loan
6.625%* - 1st loan
1.000%* - 2nd loan

Last changed 03/25/2024 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.

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NIFA LIHTC 2020 Rent and Income Limits

The 2020 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, 2020. 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 specifically 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.