Updated Multifamily Rent and Income Limits Now Available
The U.S. Department of Housing and Urban Development (HUD) has released Fiscal Year 2026 (FY2026) rent and income limits. These limits are now available on Minnesota Housing’s Multifamily Rent and Income Limits webpage. Minnesota Housing uses the HUD published limits to compute income and rent limits for Multifamily loan programs.
Also see announcement for updated HOME and National Housing Trust Fund income and rent limits below.
HUD published FY2026 income limits for the Section 8 Program and Multifamily Tax Subsidy Projects (MTSP) for Housing Tax Credits (HTC) and Tax-Exempt Bond financed properties. Per HUD, these limits have an effective date of May 1, 2026.
Based on these updates, the following FY2026 income and rent limits are now available on our Multifamily Rent and Income Limits webpage:
- Section 8 limits and related transmittal notice
- MTSP rent and income limits, Tables A through R
- Deferred loan rent and income limits
- Affordable to Local Workforce rent limits
- Supportive Housing Standards
- Housing Infrastructure Bonds (HIB) income limits for senior housing
- Low and Moderate Income Rental program (LMIR) income limits
Important Reminders
- Owners must get approval for rent increases on properties with a Minnesota Housing amortizing first mortgage. If you have questions, contact your assigned Minnesota Housing asset manager.
- Owners are not required to charge the maximum rent allowed or to increase rents based solely on the publication of updated rent limits.
- Please note that the limits in several counties decreased from FY2025.
Special Instructions for MTSP Limits
There is a 45-day grace period from the effective date to when the MTSP income and rent limits must be used. The grace period ends June 15, 2026; however, the new limits may be used immediately.
Use the rent and income limit table based on your project’s placed in service (PIS) date. In addition, consider the following when selecting which table to use:
- If any building is part of a multiple-building project (line 8b of IRS form 8609 is or will be checked “yes,” and the owner has identified which buildings are part of the multiple-building project), then all buildings part of that multiple-building project use the same table.
- If buildings are not treated as a multiple-building project (line 8b of IRS form 8609 is or will be checked “no”), then buildings may use different tables depending on each building’s PIS date.
- For acquisition/rehabilitation credits, the earliest PIS date for a building governs.
For further information, review Revenue Procedure 94-57, which establishes a rent floor for every HTC project that received its credit allocation in 1990 and later.
For a new project with a rent floor elected at the issuance of the carryover or the preliminary determination letter and where the income limits are lower at PIS than at the establishment of the rent floor, the initial maximum rents will be the rent floor. However, the income limits used to determine resident eligibility will be those in effect at the PIS date. This means the limits used to calculate the maximum rents may be higher than those used to determine household eligibility. This will continue until future income limits increase to the amount used to calculate the rent floor or higher.
Updated HOME Program and NHTF Program Rent and Income Limits
HUD recently released the FY2026 rent and income limits for the HOME Investment Partnerships (HOME) Program and the National Housing Trust Fund (NHTF) Program. You can find the new limits on Minnesota Housing’s Multifamily Rent and Income Limits webpage. Per HUD, these limits have an effective date of June 1, 2026, and cannot be used until this date. Property owners must continue using the FY2025 income limits until June 1, 2026.
- Program regulations do not require properties to increase rents to match the new limits. However, if FY2026 income or rent limits have decreased from last year’s limits, the new, lower limits must be used starting June 1, 2026.
- Property owners are not required to lower rents below those in effect at the time of project commitment.
Please note that the limits in several counties decreased from FY2025.
Questions?
Contact Kate Norman at 651.539.9765 or kate.norman@state.mn.us.
About Minnesota Housing
Minnesota Housing, the state’s housing finance agency, works to provide access to safe, stable and accessible housing Minnesotans can afford in a community of their choice. In 2025, we distributed $1.8 billion in resources and served 73,000 households. Visit our website to learn more.
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