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2017 State Income Limits Briefing Materials <br />California Code of Regulations, Title 25, Section 6932 <br />such as Multifamily Tax Subsidy Projects (MTSPs), use different income limits. For MTSPs, <br />separate income limits apply per provisions of the Housing and Economic Recovery Act <br />(HERA) of 2008 (Public Law 110-289). Income limits for MTSPs are used to determine <br />qualification levels as well as set maximum rental rates for projects funded with tax credits <br />authorized under Section 42 of the Internal Revenue Code (Code). In addition, MTSP income <br />limits apply to projects financed vAth tax-exempt housing bonds issued to provide qualified <br />residential rental development under Section 142 of the Code. These income limits are <br />available at httpl/www_huduser_orgMatasets/mtsp.htmt. <br />Page 5 of 5 <br />75B-49 <br />