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2015 Income Limits

Written by Wil Whalen, Spectrum Enterprises

The MTSP income limits must be calculated in a manner consistent with HUD’s Section 8 income limits and are reliant on the effective date of HUD’s Section 8 income limits. Due to statutory changes made to the publication of certain Section 8 income limits, HUD’s programmatic income limits are not anticipated to be published until February 2015 following the release of the 2015 poverty guidelines. In order to ensure that all income limits users share a common effective date, the MTSP income limits will be released at the same time as all other HUD program income limits. http://www.huduser.org/portal/datasets/mtsp.html

The New Imputed Rate of Interest on Cumulative Assets Exceeding $5,000.

Effective 2/1/15, the imputed rate of interest on cumulative assets to be used for all move-in, initial, annual, and interim re-certifications when a family has net assets over $5,000 is .06%. http://www.spectrumlihtc.com/wp-content/uploads/HUDPassbook2015.pdf

SS COLA

Beginning December 31, 2014, the cost-of-living adjustment (COLA) for monthly Social Security and Supplemental Security Income (SSI) benefits will increase to 1.7%. http://www.ssa.gov/news/#!/post/10-2014-2


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