Recent News Posts
2023 COLA ANNOUNCED
October 13, 2022 the 2023 COLA was published at 8.7%. This is the largest increase since 1981.
Low Income Housing Average Income Test Regulations
The IRS has released income averaging guidance to be published on October 12, 2022.
2022 HOME Limits
HUD has published the 2022 HOME limits and they are effective June 15, 2022.
2022 Income Limits
HUD has announced the 2022 income limits for the MTSP housing programs effective April 18, 2022.
Pre Approval Report Distribution Update
Beginning Friday April 1, 2022, all Spectrum Compliance Applicant File Pre-Approval reports will be issued through our ShareFile portal.
US Just Had The Largest Round of Minimum Wage Increases Ever
A total of 81 states and cities will be raising their minimum wage in 2022. 44 cities will be raising their minimum wage to above $15.00 per hour. Most of these increases took place the 1st of the new year.
5.9% Social Security COLA for 2022
The Social Security Administration has announced the Cost-of-Living Adjustment (COLA) for 2022. Social Security recipients will get a cost of living increase of 5.9%, the largest increase since 1982.
Extended Unemployment Benefits End On Labor Day
Starting Monday September 6th, an estimated 8.9 million people will lose all unemployment benefits.Â
CDC Issues New Eviction Moratorium Order
On Tuesday August 3, 2021 the CDC Director signed a new eviction moratorium order, temporarily halting residential evictions for nonpayment of rent in counties with heightened levels of community transmission of COVID-19. The order is set to expire on October 3, 2021.
Advance Child Tax Credit Payments
Beginning July 2021, the IRS will start issuing the Advance Child Tax Credit payments.
Supreme Court Leaves CDC Eviction Moratorium in Place
Written by Deb Bechetti The Supreme Court on Tuesday rejected a plea by landlords to end the CDC moratorium on evicting millions of tenant who aren’t paying rent due to the pandemic. Last week, President Biden extended the moratorium through the end of...
2021 Income Limits
HUD has announced the 2021 income limits for the MTSP housing programs effective April 1, 2021.