These limits (effective as of May 1, 2020) are set by the Internal Revenue Service to be used with the First Step/Mortgage Revenue Bond loans and Mortgage Credit Certificates offered by AHFA. When you find a home you're interested in buying, simply contact one of your local participating lenders to learn whether the address is located in a "target" or "non-target" area so you'll know which column to use.
New & Existing Homes |
Target | Non-Target |
---|---|---|
All Areas | $360,067 | $294,601 |