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 — Chippewa County, MI
FMRs · Income Limits · LIHTC Rents
FY2026 HOME Rent Limits — Chippewa County, MI
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $735 | $823 | $1,066 | $1,278 | $1,402 |
| Low HOME Rent | $756 | $863 | $971 | $1,078 | $1,166 |
High HOME Rent History (2-Bedroom)
| Fiscal Year | High HOME 2BR | Low HOME 2BR |
|---|---|---|
| FY2026 | $1,066 | $971 |
| FY2025 | $1,023 | $967 |
| FY2024 | $1,028 | $911 |
| FY2023 | $888 | $852 |
| FY2022 | $800 | $805 |
| FY2021 | $769 | $726 |
| FY2020 | $713 | $720 |
| FY2019 | $700 | $687 |
| FY2018 | $701 | $661 |
| FY2017 | $697 | $628 |
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.