![2023 COLA ANNOUNCED](https://spectrumlihtc.com/wp-content/uploads/Money-1-1080x675.jpg)
![2023 COLA ANNOUNCED](https://spectrumlihtc.com/wp-content/uploads/Money-1-1080x675.jpg)
![Low Income Housing Average Income Test Regulations](https://spectrumlihtc.com/wp-content/uploads/Stack-of-documents-1080x675.jpg)
Low Income Housing Average Income Test Regulations
The IRS has released income averaging guidance to be published on October 12, 2022.
![2022 HOME Limits](https://spectrumlihtc.com/wp-content/uploads/Model-House-and-Piggy-Bank-1080x675.jpg)
2022 HOME Limits
HUD has published the 2022 HOME limits and they are effective June 15, 2022.
![2022 Income Limits](https://spectrumlihtc.com/wp-content/uploads/US-Capital-Building-1080x675.jpg)
2022 Income Limits
HUD has announced the 2022 income limits for the MTSP housing programs effective April 18, 2022.
![US Just Had The Largest Round of Minimum Wage Increases Ever](https://spectrumlihtc.com/wp-content/uploads/Money-1080x675.jpg)
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](https://spectrumlihtc.com/wp-content/uploads/Walking-In-the-park-1080x675.jpg)
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.