HUD has completed updating the Income Calculator to incorporate FY 2013 HUD Program Income Limits. These limits have been effective since December 11, 2012 for most HUD programs and can be viewed on the OneCPD Resource Exchange
How Does This Affect the Income Calculator?
IMPORTANT NOTICE FOR HOME CALCULATIONS ONLY:
The FY 2013 Income Limits used in this calculator are not yet in effect for the HOME Program. While participating jurisdictions are permitted to use the CPD Income Calculator to perform income calculations for potential HOME beneficiaries, they cannot rely on the calculator’s determination that the beneficiary qualifies as income eligible or the calculated percentage of area median income. The participating jurisdiction must compare this calculated income with the FY 2012 HOME income limits posted on the HOME Program website at www.hud.gov/homeprogram/
. The FY 2013 income limits will not become effective for the HOME Program until 30 days after HUD posts the income limits, along with the 2013 HOME rent limits, on the HOME Program website.
All calculations that are currently in a user's dashboard in the CPD Income Eligibility Calculator
, as well as all calculations completed going forward, will use the FY 2013 income limits for the purposes of determining eligibility.
Although your data and calculations are accessible within the CPD Income Eligibility Calculator for 13 months, this feature is designed to allow you to more easily update a beneficiary’s income in the future – it is not a repository of income calculations completed in the past.
Only calculations that had been downloaded from the Calculator and saved to a user's hard drive (or printed off) prior to today, January 25, 2013 used the previous year's income limits data for calculating a beneficiary's income eligibility.