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 — Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area

FMRs · Income Limits · LIHTC Rents

FY2026 HOME Rent Limits — Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area

Limit Type Studio 1BR 2BR 3BR 4BR
High HOME Rent $1,242 $1,405 $1,709 $2,136 $2,136
Low HOME Rent $1,151 $1,315 $1,480 $1,643 $1,776

High HOME Rent History (2-Bedroom)

Fiscal Year High HOME 2BR Low HOME 2BR
FY2026 $1,709 $1,480
FY2025 $1,685 $1,490
FY2024 $1,622 $1,397
FY2023 $1,410 $1,397
FY2022 $1,329 $1,320
FY2021 $1,308 $1,181
FY2020 $1,214 $1,163
FY2019 $1,151 $1,125
FY2018 $1,089 $1,061
FY2017 $1,086 $1,017

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.