June 6, 2023
Developer Bulletin 2023-6:
Tax Credits-2023 Income Limits and Max Rent Charts Released
NJHMFA encourages all of our business partners and constituents to submit any and all documentation in an electronic format whenever possible as staff will continue to check email and review information submitted electronically.  
2023 Income Limits and Maximum Rent Charts Released
The 2023 Income Limits have been published and are effective as of May 15, 2023. As per Revenue Ruling 94-57, income limits must be implemented on the effective date or 45 days from the published date, whichever is later, which means this year's limits must be implemented no later than June 30, 2023.
Please call your Tax Credit Analyst if you have questions.
Please note: The information contained in this email was compiled from information derived from the United States Department of Housing and Urban Development. NJHMFA is not responsible for any errors contained in these charts, typographical or otherwise. Owners are independently responsible to maintain compliance with the requirements of the tax credit program and Section 42 of the Code of the Internal Revenue Code.
Need Help?

If you have any further questions, please contact Natasha Solomon at 609-278-8825 or email at nsolomon@njhmfa.gov.
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New Jersey Housing and Mortgage Finance Agency | 609-278-7400 | NJHousing.gov