"We are pleased to announce new VHDA maximum income limits will become effective with new applications beginning September 1, 2017.
Although most area limits increased, the Charlottesville MSA limits are slightly lower. This is due to in a reduction in the published HUD area median incomes for the Charlottesville MSA.
Standard program limits apply to all loan programs (FHA/FHA Plus/VA/RD/Fannie Mae) and MCC’s.
Lower income limits apply to the VHDA Grant Program.
Income limits have also increased for the FHA Streamline Refi and VA Interest Rate Reduction loan programs. These limits are available in the FHA Streamline Refi and VA IRRRL program guidelines.
A chart with the new limits is attached.
VHDA’s website will be updated September 1, 2017 to reflect the new limits."
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