Why did the area definitions change for the income limits and median family income estimates?
The area definitions used for income limits and median family income estimates follow the areas determined for the Fair Market Rents (FMRs) for that fiscal year. The definition of only a few areas changed in FY 2008 compared with FY 2007. These changes were due to changes published by OMB promoting two Micropolitan Statistical Areas to Metropolitan Statistical Areas (http://www.whitehouse.gov/omb/bulletins/fy2007/b07-01.pdf). HUD uses FMR areas in calculating income limits because FMRs are used in the calculation of certain income limits and the two sets of definitions are linked in statutory history. For a complete description of the area definitions a used in the FY 2008 Income Limits, please review the FY 2008 Income Limits Area Definitions report: http://www.huduser.org/intercept.asp?loc=/datasets/il/il08/Area_Definitions_Report.pdf.
Related Questions
- Why did some area median family income estimates decrease in FY2006 even though the OMB definition of the area did not change?
- Why did the area definitions change for the income limits and median family income estimates?
- Why do area definitions change for the income limits and median family income estimates?
