The deadline for the 2023 HUD Data Collections Cycle Has Been Extended to December 20, 2024
The data collection applies to households within all LIHTC units in a project as of December 31,2023.
2025 COLA Update: Impact on Affordable Housing Compliance
The Social Security Administration (SSA) recently announced the Cost-of-Living Adjustment (COLA) for 2025 at 2.5%, the lowest adjustment since 2020 (1.3%). The average COLA increase over the past decade has been 2.6%. While this year’s adjustment is lower than 2024’s...
Understanding the 2025 HOTMA Updates
The U.S. Department of Housing and Urban Development (HUD) recently announced significant updates to the Housing Opportunity Through Modernization Act (HOTMA) that will take effect on January 1, 2025. These changes impact various programs, including Public and Indian...
2024 Connecticut Income Limits
HUD has announced the 2024 income limits for the MTSP housing programs effective April 1, 2024..