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 — Lake County, SD
FMRs · Income Limits · LIHTC Rents
FY2026 HOME Rent Limits — Lake County, SD
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $669 | $739 | $970 | $1,163 | $1,627 |
| Low HOME Rent | $901 | $1,030 | $1,158 | $1,287 | $1,391 |
High HOME Rent History (2-Bedroom)
| Fiscal Year | High HOME 2BR | Low HOME 2BR |
|---|---|---|
| FY2026 | $970 | $1,158 |
| FY2025 | $879 | $1,158 |
| FY2024 | $927 | $1,085 |
| FY2023 | $826 | $1,048 |
| FY2022 | $757 | $1,012 |
| FY2021 | $719 | $920 |
| FY2020 | $714 | $908 |
| FY2019 | $700 | $891 |
| FY2018 | $660 | $858 |
| FY2017 | $645 | $818 |
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.