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Florida Housing Updates SHIP Income and Rent Limits

Posted on: July 16th, 2014 by admin No Comments

The Florida Housing Finance Corporation has posted new income and rent limits for SHIP-assisted rental units. SHIP income and rent limits are based on the Section 8 limits established by HUD for metropolitan areas and non-metropolitan counties. Starting this year, HUD defines “extremely low income” as the greater of 30% of area median income or the federal poverty level. As a result, in all areas of the state, there will be changes in SHIP income and rent limits for at least one family size in the extremely low income bracket.

 


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