Low Income Housing Average Income Test Regulations

Oct 10, 2022

The IRS has released income averaging guidance to be published on October 12, 2022. 

Additional information to follow.

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HOTMA News for Private Consulting Clients

HOTMA News for Private Consulting Clients

While HUD is allowing the implementation of the regulations to be pushed until 7-1-25, Spectrum Compliance has made the decision to implement the HOTMA changes on 1-1-24.  This allows for a year of trial and error before all states mandate the changes.  We are in contact with all state agencies concerning when they expect to implement HOTMA, and many have reported it will be 1-1-24.

HOTMA – Two Key Asset Changes

HOTMA – Two Key Asset Changes

HOTMA: Section 104: Asset Limits The Final Rule of the Housing Opportunity Through Modernization Act of 2016 (HOTMA) provides some significant changes to the way managers and owners will verify and treat assets. These changes will benefit tenants, administrators and...

2023 Income Limits

2023 Income Limits

HUD has announced the 2023 income limits for the MTSP housing programs effective May 15, 2023.