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 — Poughkeepsie-Newburgh-Middletown, NY MSA
FMRs · Income Limits · LIHTC Rents
FY2024 HOME Rent Limits — Poughkeepsie-Newburgh-Middletown, NY MSA
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $1,237 | $1,419 | $1,825 | $1,865 | $1,865 |
| Low HOME Rent | $1,005 | $1,148 | $1,292 | $1,435 | $1,550 |
High HOME Rent History (2-Bedroom)
| Fiscal Year | High HOME 2BR | Low HOME 2BR |
|---|---|---|
| FY2024 | $1,825 | $1,292 |
| FY2023 | $1,583 | $1,338 |
| FY2022 | $1,412 | $1,265 |
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.