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Property Tax Exemption for Low-income Rental Housing <br /> <br />LOW-INCOME HOUSING TAX CREDIT PROGRAM RENTS <br /> <br />The following Median Family Income (MFI) information for Lane County was excerpted <br />from the State of Oregon's Low-income Housing Tax Credit Program Rents website. <br /> <br />This information is updated annually by the State of Oregon and is based on HUD's <br />published Section 8 Income Limits. <br /> <br />Using I person for 0 bedroom and 1.5 persons per bedroom for 1-4 bedroom units, <br />deduct utility allowances from these rents to get gross allowable rents. Consult tax <br />advisor to assure your management plan's compliance with program Section 8 income <br />limits by county. <br /> <br />See the State of Oregon's Low-income Housing Tax Credit Program website for more <br />information about the rent level information: <br /> <br /> http://www.hcs.state.or, us/housing/lihtc/index.html <br /> <br /> <br />