2007 Income Limits

From: HUD USER News
 
HUD has just released the estimated median family income
and income limits for Fiscal Year (FY) 2007. The
estimates are based on OMB Metropolitan Statistical
Areas (MSAs), and cover 530 metropolitan areas and 2,045
nonmetropolitan areas in the U.S. and its territories.
 
The FY 2007 HUD median family income estimates are
derived from 2000 Census data updated with local and
state American Community Survey (ACS) data, and county-
level earnings data. Separate median family income
estimates are calculated for all MSAs and
nonmetropolitan counties. For the first time, FY 2007
median family income estimates reflect results from the
initial full ACS sample conducted in 2005.
 
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 (Low Income Housing Tax Credits),
the Federal Deposit Insurance Corporation, the Federal
Housing Finance Board, and Government Sponsored
Enterprises.
 
The FY 2007 HUD income estimates and income limits are
available as a free download from HUD USER
at https://www.huduser.gov/portal/datasets/il.html#2017. You will
also find a link to a new 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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