Washington D.C., July. 15, 2024 – The USDA’s Multifamily Housing Service Office has posted the 2024 Income Limits. The Income Limits were effective on Friday, July 12, 2024. (Click the link to display the current Income Limits)

The 2024 Income Limits are available on the Multifamily Housing Programs website under “Tools and Resources” and also on the Multifamily Housing Loan Guarantees website under the “Overview” tab (located at the bottom of the page). The 2024 Income Limits apply to the following Multifamily Housing programs:

• Section 515 Rural Rental Housing
• Section 514 Farm Labor Housing Loans
• Section 516 Farm Labor Housing Grants
• Section 538 Guaranteed Rural Rental Housing

If you have questions or need additional information regarding the Section 515 Rural Rental Housing or Section 514/516 Farm Labor Housing income limits, please contact Deb Reed, Finance and Loan Analyst, in the Policy and Budget Branch of the Asset Management Division at deb.reed@usda.gov.

If you have questions or need additional information regarding the Section 538 Guaranteed Rural Rental Housing income limits, please contact Tammy Daniels, Finance and Loan Analyst, in the Program Support Branch of the Production and Preservation Division at tammy.daniels@usda.gov.

Multifamily Housing questions and/or comments may be directed to MFH.ProgramSupport@usda.gov.