Partners > Inspections and Compliance > Compliance > Income and Rent Limits


The MTSP limits are for use by Low Income Housing Tax Credit (LIHTC) and multifamily bond projects ONLY. Novogradac & Company, LLP has taken a leading role in sorting through the income limit issues, as a courtesy to the LIHTC industry, Novogradac & Company LLP has made available, free of charge and subject to the disclaimers shown on the firm's website, the Rent and Income Limit Calculator.​

​Launch the Rent and Income Limit Calculator

Before launching the Rent and Income Limit Calculator, you will need to answer the following questions:

  • Has the owner irrevocably elected to treat this as a multi-building project on IRS Form 8609 (see line 8b on IRS Form 8609)?
  • In what county is the project located?
  • Is the project substantially bond-financed?
  • Is the project located in a rural area as defined in section 520 of​ the Housing Act of 1949 Rural Housing Services?
  • What is the project's Placed-In-Service (PIS) date (see line 5 on IRS Form 8609)?
  • What did the owner irrevocably elect as the Minimum Set-Aside (MSA) for the project (see line 10c on IRS Form 8609)?
  • What additional income and/or rent restrictions did the owner pledge for this project (see application and/or Land Use Restrictive Covenant)?
  • What are the project's bedroom sizes?
  • What is the total utility allowance for each bedroom size based on tenant-furnished utilities?

Projects constructed and/or rehabilitated using other funding sources should also consult with the various program income/rent guidelines. For example, if a project has been constructed utilizing both LIHTC and HOME funds, both program limits should be analyzed and the most restrictive limits would apply. 

​Special Note: Projects utilizing KHC Risk Sharing loan funds should follow the MTSP limits; however, HOME unit income/rent limits should follow the most restrictive of the charts.

KHC Disclaimer: Novogradac & Company LLP is a national certified public accounting and consulting firm with 12 offices nationwide. One of the firm's major emphases is in tax-credit assisted development and renewal, including the Low-Income Housing Tax Credit (LIHTC). For more information about Novogradac & Company LLP, go to​

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For more information, please contact:

Kentucky Housing Corporation
1231 Louisville Road, Frankfort, KY 40601
502-564-7630; 800-633-8896 (KY only); TTY 711
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