New public rental housing income and asset limits set after economic review

Current economic outlook and past practices in income limit reviews were amongst the factors considered in the adjustments.

The Housing Authority's Subsidized Housing Committee has approved the revised income and asset limits for applicants in the upcoming 2024-25 fiscal year.

The proposed changes, effective from 1 April, include freezing income limits for one-person and four-person households whilst increasing limits for households with two, three, or five or more members.

Current economic outlook and past practices in income limit reviews were amongst the factors considered in the adjustments.

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Additionally, asset limits will also be raised by 3% across the board.

Income limits for public rental housing were determined based on household expenditure, considering both housing and non-housing expenses, along with a 5% contingency provision. Asset limits were adjusted annually in line with changes in the Consumer Price Index (A).

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