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 — Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area

FMRs · Income Limits · LIHTC Rents

FY2026 HOME Rent Limits — Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area

Limit Type Studio 1BR 2BR 3BR 4BR
High HOME Rent $1,492 $1,512 $1,713 $1,750 $1,750
Low HOME Rent $942 $1,077 $1,212 $1,346 $1,455

High HOME Rent History (2-Bedroom)

Fiscal Year High HOME 2BR Low HOME 2BR
FY2026 $1,713 $1,212
FY2025 $1,696 $1,198
FY2024 $1,493 $1,133
FY2023 $1,329 $1,113
FY2022 $1,193 $1,052
FY2021 $1,147 $951
FY2020 $1,136 $928
FY2019 $1,104 $892
FY2018 $1,095 $843
FY2017 $1,130 $821

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.