What are HOME program rent limits?

The HOME Investment Partnerships Program sets maximum rents for units in HOME-funded affordable housing. High HOME rents are the lesser of the Section 8 FMR or 30% of 65% of Area Median Income, and apply to most assisted units. Low HOME rents apply to units reserved for very low-income households (the "20 at 50" set-aside) and are based on 30% of 50% AMI.

HOME Program Rent Limits — Hartford-West Hartford-East Hartford, CT HUD Metro FMR Area

FMRs · Income Limits · LIHTC Rents

FY2024 HOME Rent Limits — Hartford-West Hartford-East Hartford, CT HUD Metro FMR Area

Limit Type Studio 1BR 2BR 3BR 4BR
High HOME Rent $1,121 $1,319 $1,654 $1,979 $1,979
Low HOME Rent $1,066 $1,218 $1,371 $1,522 $1,645

High HOME Rent History (2-Bedroom)

Fiscal Year High HOME 2BR Low HOME 2BR
FY2024 $1,654 $1,371
FY2023 $1,499 $1,328
FY2022 $1,302 $1,268
FY2021 $1,347 $1,173
FY2020 $1,230 $1,155
FY2019 $1,194 $1,136
FY2018 $1,158 $1,090
FY2017 $1,212 $1,032

Related Pages

How HOME rents differ from FMRs and LIHTC limits

HOME rent limits apply specifically to rental units funded through the HOME Investment Partnerships Program. Unlike Section 8 Fair Market Rents (which set voucher payment standards) or LIHTC maximum rents (which apply to tax-credit properties), HOME limits cap what an owner of a HOME-assisted unit may charge. Each year HUD publishes both the High and Low HOME rents; the applicable limit depends on the unit's income targeting under the project's HOME agreement.