This online tool typically provides estimations of maximum allowable rents and income thresholds for individuals or families seeking affordable housing financed through Low-Income Housing Tax Credits (LIHTC). It often incorporates data from the Department of Housing and Urban Development (HUD), such as income limits and fair market rents, and may factor in variables like household size and geographic location to produce tailored results. An example use case would involve a prospective tenant determining their eligibility for a specific LIHTC property.
Access to such resources empowers individuals to navigate the complexities of affordable housing programs. By offering clear and readily available information, these tools can simplify the application process, facilitate informed decision-making, and ultimately contribute to greater housing stability. Historically, determining eligibility for subsidized housing programs often involved complex calculations and access to scattered resources. Tools like this represent a significant advancement in transparency and accessibility.