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 — Newport-Middleton-Portsmouth, RI HUD Metro FMR Area

FMRs · Income Limits · LIHTC Rents

FY2026 HOME Rent Limits — Newport-Middleton-Portsmouth, RI HUD Metro FMR Area

Limit Type Studio 1BR 2BR 3BR 4BR
High HOME Rent $1,752 $1,764 $2,237 $2,237 $2,237
Low HOME Rent $1,205 $1,377 $1,550 $1,721 $1,860

High HOME Rent History (2-Bedroom)

Fiscal Year High HOME 2BR Low HOME 2BR
FY2026 $2,237 $1,550
FY2025 $2,200 $1,570
FY2024 $2,143 $1,488
FY2023 $1,976 $1,390
FY2022 $1,705 $1,312
FY2021 $1,502 $1,191
FY2020 $1,419 $1,136
FY2019 $1,378 $1,077
FY2018 $1,303 $1,058
FY2017 $1,229 $1,055

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.