2023 Income Limits Delayed

Dec 5, 2022

Friday December 2nd, HUD announced that the 2023 income limits will be delayed approximately 6 weeks beyond the normal publishing date of April 1st. More information will follow as it is provided.

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Join Our Team: State Compliance Monitor Opportunity with Spectrum Enterprises

Jan 13, 2025

State Compliance Property Inspector Spectrum Enterprises, Inc. specializes in compliance oversight for the Low-Income Housing Tax Credit (LIHTC) program. Our services include document analysis, tenant file reviews, application pre-approvals, staff training, and site...

2025 Minimum Wage Increases

Jan 6, 2025

As we step into 2025, several states are rolling out updates to their minimum wage rates, reflecting adjustments for inflation, legislative changes, and phased-in increases. · Ohio: The minimum wage is increasing to $10.70 from $10.45 due to an inflation...

2025 COLA Update: Impact on Affordable Housing Compliance

Oct 10, 2024

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...

2024 Income Limits

Apr 3, 2024

HUD has announced the 2024 income limits for the MTSP housing programs effective April 1, 2024..

Minimum wage increases for 2024

Jan 2, 2024

State 2023 Hourly Minimum Wage 2024 Hourly Minimum Wage Effective January 1, 2024 Alaska $10.85 $11.73 Arizona $13.85 $14.35 California $15.50 $16.00 Colorado $13.65 $14.42 Connecticut $15.00 $15.69 Delaware $11.75 $13.25 Hawaii $12.00 $14.00 Illinois $13.00 for...

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