The U.S. Department of Housing and Urban Development (HUD) has announced the FY 2025 Income Limits for various HUD housing programs, which determine eligibility and maximum rents for households receiving rental assistance or living in properties financed by these programs. For FY 2025, income limits increased by a maximum of 9.2%, with a 4.6% average change for Very Low Income households. The new limits, effective immediately, also include updates to geographic area definitions and apply to properties funded by the Housing Credit and Multifamily Bond programs, as well as Multifamily Tax Subsidy Projects.