2008 Income Limits

From: HUD USER News
 
HUD has just released the estimated median family income
and income limits for Fiscal Year (FY) 2008. The
estimates are based on OMB Metropolitan Statistical
Areas (MSAs), and cover 532 metropolitan areas and 2,043
nonmetropolitan areas in the U.S. and its territories.
 
The FY 2008 HUD median family income estimates are
derived from 2000 Census data updated with local and
state 2006 American Community Survey (ACS) data, and
county-level earnings data. Separate median family
income estimates are calculated for all MSAs and
nonmetropolitan counties. This is the same methodology
that was used last year.
 
HUD's median income estimates are of interest to housing
and community development professionals because they are
used as the basis for income limits in several HUD
programs (including the Public Housing, Housing Choice
Voucher, CDBG, and HOME programs), as well as in
programs run by the Department of Agriculture, the
Department of Treasury, the Federal Deposit Insurance
Corporation, the Federal Housing Finance Board, and
Government Sponsored Enterprises.
 
The FY 2008 HUD income estimates and income limits are
available as a free download from HUD USER at
 https://www.huduser.gov/portal/datasets/il.html#2008. You will
also find a link to a documentation system that explains
the derivation of each income limit and area median
income estimate, as well as links to the current Income
Limit Area Definitions and other information at this
location.
 
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