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Section 221(d)(3) BMIR (Below Market Interest Rate)

HUD Handbook 4350.3 REV-1 — Occupancy Requirements of Subsidized Multifamily Housing Programs · 2026 edition · updated 2026-10-05 · United States

At move-in or initial certification, if the tenant’s annual income is:

At recertification, if the tenant’s annual income is:

  • Less than or equal to 110% of the BMIR

  • − At or below the BMIR income limit, the income limit, the tenant pays the BMIR rent. tenant is charged the BMIR rent. − Greater than 110% of the BMIR income

  • − Above the BMIR income limit, the tenant limit, the tenant pays 110% of the BMIR may not be admitted to the project. rent.

HUD Occupancy Handbook Exhibit 5-8

6/07

4350.3 REV-1

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▸Contents — HUD Handbook 4350.3 REV-1 — Occupancy Requirements of Subsidized Multifamily Housing Programs
HUD Handbook 4350.3 REV-1 — Occupancy Requirements of Subsidized Multifamily Housing Programs

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