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Income Limits

Income Limits - FY 2024-2025
Effective May 15, 2024
# of Persons 1 2 3 4 5 6 7 8
Low Income $56,400 $64,450 $72,500 $80,550 $87,000 $93,450 $99,900 $106,350
Very Low Income $35,250 $40,300 $45,350 $50,350 $54,400 $58,450 $62,450 $66,500
Extremely Low Income $21,150 $24,200 $27,200 $31,200 $36,580 $41,960 $47,340 $52,720

*Updated as of April 18, 2022

This information is found at HUD USER FY 2023 Income Limits Documentation System

FY 2024 Income Limits Documentation System -- Summary for Suffolk city, Virginia

 

Fair Market Rents - FY 2025
Effective January 1, 2025
Bedroom Size 0 1 2 3 4 5   6
FMR $1,820 $1,830 $2,090 $2,910 $3,460    
Payment Standards              

23314 Carrollton

 $1,638 $1,647  $1,881 $2,619 $3,114 $3,581 $4,048

23424 Rescue

 $1,364 $1,375 $1,573 $2,189 $2,607 $2,998 $3,389

23430/31 Smithfield

 $1,414 $1,420 $1,648 $2,290 $2,805 $3,225 $3,646

23432 Suffolk

 $1,414

$1,423

 $1,645 $2,309 $2,803 $3,223 $3,644

23433 Suffolk

 $1,276 $1,276 $1,485 $2,068 $2,508 $2,884 $3,260

23434 Suffolk

 $1,411 $1,421 $1,659 $2,288 $2,803 $3,223 $3,644

23435 Suffolk

 $1,710 $1,719 $1,962 $2,727 $3,249 $3,736 $4,223

23436 Suffolk

 $1,424 $1,424 $1,642 $2,295 $2,804 $3,224 $3,644

23437 Suffolk

 $1,276 $1,276 $1,485 $2,068 $2,508 $2,884 $3,260

23438 Suffolk

 $1,949 $1,959 $2,242 $3,121 $3,717 $4,274 $4,831

23439 Suffolk

 $1,555 $1,565 $1,787 $2,484 $2,959 $3,403 $3,847

Note: The Payment Standard will be used to calculate rent for the Housing Choice Voucher Program.  

Payment Standards are effective January 1, 2025 for all annual certifications and initial lease ups including unit transfers.  Payment Standards were calculated within the 90% - 110 % range of the published FMRs.