The IRS has released income averaging guidance to be published on October 12, 2022.
Additional information to follow.
2022 HOME Limits
HUD has published the 2022 HOME limits and they are effective June 15, 2022.
Low Income Housing Average Income Test Regulations
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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.