Section 42 income limits explained!
So we recently told you about a great Section 8 alternative called Section 42. These days, it can take years of waiting before you can get approved for a Section 8 voucher. But what do you do in the meantime?
One great alternative is Section 42, which you can read about HERE.
So now that you are interested in Section 42, the next step is to see if you qualify. Like Section 8, there are strict income limits set up to determine who may take advantage of this program.
Landlords whose properties are under the Section 42 umbrella can only rent to people who are at or below the income limits.
Now, the income limits differ for each state and even each county!
The best place to go is directly to the official HUD website. However, their website can be very complicated and hard to navigate. So to get directly to the income limit module, click here
Then, input your state and county. On the next screen you’ll see information for 50 and 60 percent income limits. Those are NOT the final numbers you need to pay attention to. The 50 and 60 percent text will be highlighted in blue.
Click directly on those words to take you to a new page. THAT is the information that you need. It will vary depending on the state and depending on how many bedrooms your family would require.
Have any questions? Leave a comment below and we’ll do our best to answer them.
It should not but you do have to disclose it. Please be sure to understand that they must see the asset because any interest yielded from the account will have to be considered as income. Although, the money itself is a one time payment and should be considered as such; not as income. This should be looked at as reserves hopefully and will not place you over assets.
Hi!
I have been living in a Section 42 complex for two years, but do not qualify for reduced rent. I have been paying market value and will continue to do so. I just received my renewal notice and an attached letter stating I must complete recertification documentation including information about any investments etc. I was not required to do this when I moved in or when I renewed my lease last year. Why now? Especially considering I don’t receive Section 42 assistance. Thank you!
My mother lives in a section 42, she only makes about 13k a year from SS. We just sold her home and she has about 60k in her savings now. We draw $500/month from it to pay her rent. She just got her renewal contract and they ask for all kinds of information. Does her saving/investment account disqualify her at all?
The savings will count against your mother unless one of her children puts the account in their name.
The link at the end of this article goes to Section 42 info as of 2013. Is there a newer one? thank you.
I’m having trouble getting into section 42 or Lihtc ,they say because im on disability i dont qualify so with my daughter ,even getting a one bedroom at 854.00 a month and paying my own bge. They say they go by people not bedrooms so they are trying to tell me instead of 31,000 a year I have to make 38,000 for 2 people? I read they go by rooms not people . Or isnt that income high. I make 31,000 or less . I’m from md.
I am a single mother of a 6 year old little boy, he has a disability developmental delays, spectrum autism, I work full time, but even having a full time job doesn’t help with all my bills, I would like to know if anyone has the number for section 42 for Dane county so I can apply, thank u very much.
L
Live in section 42 housing. Newer building opened for two years in GA. We do not get any written notice of a rent increase. Last year it was 10% increase. So it’s recertification time again. Again no written notices of revert or increase but have been told there will be one. I think they wait for the increase to be approved or something. But seems like we should have some protection to sign the new lease at the current schedule instead of waiting for the increase to come through. But don’t know what to do about it.
Can I live in a section 42 apartment with a section 8 voucher?