OK, maybe not THAT scary.
HUD has issued the FY 2016 income limits, effective 3/28/2016. USDA sites, this means that the income limits should soon be posted to MINC - be on the lookout.
How do the numbers stack up against last year's limits? Kind of a mixed bag there. Due to the way calculations are done, some slots have gone up slightly; some have decreased slightly. There have not been huge changes either way, but it may very well change things for those folks who are close to the limit. Be aware that some people on your wait list may no longer qualify.
The income limits are here:
https://www.huduser.gov/portal/datasets/il/il16/index_il2016.html
For those of you using OneSite, you will need to update the income limits in your system.
To do so:
2. Navigate
to your income limits; print them out and make sure they are posted on site.
3. Open
OneSite.
4. At
the top right corner of the screen, click “Setup.”
5. At
the left side of the screen, in the blue menu bar, click “Affordable” under the
“General property” category.
6. In
the center area of the screen, click “Income Limits” (third item down).
7.
In the window that opens, click
“Edit” next to your HUD income limits.
8. Your
income limits will come up. Be sure to
enter the correct start date – 3/28/2016.
9. Check
the following settings to make sure they are correct:
* At the top of the window, make
sure that “Round income limits to the
nearest $50 is UNCHECKED.
nearest $50 is UNCHECKED.
* Below that, make sure that you
have CHECKED the box that allows you to
make the table fully editable. This is important, as the automatic
calculations
often do not match what HUD has; you will need to enter the
numbers manually.
10. Enter
the income limits that you need. For
most sites, you will be filling out the
30% income limits, 50% income limits,
and the 80% income limits completely.
You should also add the 4-person 100% limit. For all items you do not need,
you should
enter zero (OneSite will not allow you to leave these blank
11. Click
“Save” in the bottom right corner of the window to save your changes, and
you’re
all set.















