Recent News Posts
Cost-of-Living Adjustment (COLA) for 2021
The Social Security Administration has announced the Cost-of-Living Adjustment (COLA) for 2021. The COLA will increase 1.3 percent beginning on December 31, 2020. Read more at www.ssa.gov
Cost-of-Living Adjustment (COLA) for 2021
The COLA will increase 1.3 percent beginning on December 31, 2020.
PRE-APPROVAL LIMITS & UA REQUIREMENTS
In order to provide a comprehensive pre-approval review, here is some key documentation we’ll require.
Pre Approval Report Formatting – 8/17/2020
Spectrum is using a new format for documenting comments and corrections on the pre-approval report.
KEEPING IN COMPLIANCE: LIHTC TENANT FILES – LIVE ONLINE
Spectrum’s new 6-hour course is now being offered live monthly.
Let’s Talk About Tips, Baby
Tips can take many forms and can appear in many different ways on an employee’s pay stubs.
Additional Fees Charged at Tax Credit Properties
It isn’t always clear what fees can be charged at a tax credit property.
Spectrum’s 2020 Online Learning Opportunities
Our new 6-hour online course is designed as a comprehensive overview of common compliance topics.
2020 Income Limits
Written by Lesley Murray, Spectrum Enterprises HUD has announced the 2020 income limits for the MTSP housing programs effective April 1, 2020. This includes low income housing tax credits and tax exempt bond financing. HUD allows for a 45 day grace period, which means...
Anticipated Income and Rideshare Drivers
Written by Jennifer Robinson, Spectrum Enterprises Nowadays, many of us have apps on our smartphones that allow us to, within seconds, hail a ride from our exact location to our desired destination using only our fingertips. The ridesharing industry exploded onto the...
HUD Tenant Demographic data and Spectrum’s End of Year Data Collection Software
Written by Paul Perpich, Spectrum EnterprisesThe 2014 Spectrum End of Year data collection cycle has been completed and the tenant demographic data has been submitted to HUD. The 2014 cycle marked the end of significant updates HUD has made over the past two years to...
NAHMA XML Standard to be Modified to Accommodate HUD’s Tenant Data Collection Initiative (2008 HERA)
Written by Paul Perpich Director of Software Developement In order to accommodate the specific demographic data HUD is requesting, the State Housing Finance Agency Low Income Housing Tax Credit Data Transfer Standard (commonly known as the NAHMA XML standard) is being...