The U.S. Census Bureau recently released 2021 American Community Survey (ACS) data, a key ingredient in determining rent and income limits for affordable housing properties. In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Thomas Stagg, discuss the data release and its effect on 2023 and 2024 rent and income limits. They begin by clarifying difficulties with 2023 income limits, then examine why most counties will see increases beyond the national median figure before turning to the 2021 ACS data and what it means for 2024. After that, they discuss the recent fair market rent figures released by the U.S. Department of Housing and Urban Development (HUD) and how they'll affect rent and income limits, before turning to the impact of inflation and what to be watching between now and April 2023, when the next rent and income limits are released by HUD.