Maryland

Maryland Capital

State News:

January 1, 2019

Spectrum's contract with DHCD for LIHTC Monitoring services and the use of the End of Year (EOY) Data Collection software has ended as of December 31, 2018.

October 11, 2018

The Social Security Administration has announced the Cost-of-Living Adjustment (COLA) for 2019. The COLA will increase 2.8 percent beginning on December 29, 2018.www.ssa.gov

April 2, 2018

HUD has released the 2018 income limits. They are effective 4/1/18 and must be in use no later than 5/15/18. Be sure to check the MTSP limit chart to determine which income limits to use for your property.

To find your 2018 income limits visit: https://www.huduser.gov/portal/datasets/mtsp.html

February 27, 2018

The due date for the end of year documentation is March 30, 2018.

October 13, 2017

The Social Security Administration has announced the Cost-of-Living Adjustment (COLA) for 2018. The COLA will increase 2.0 percent beginning on December 29, 2017. www.ssa.gov

April 14, 2017

2017 Income Limits have been published! They are effective 4/14/17 and must be in use no later than 5/28/17. Be sure to check the MTSP limit chart to determine which income limits to use for your property.

See this link: https://www.huduser.gov/portal/datasets/mtsp.html

January 1, 2017

With passage of the HR 3221, HUD is required to gather demographic information for LIHTC properties. It is optional on tenants’ past but management must make a ‘best guess’ if not provided. Please begin using this TIC immediately.

March 29, 2016

Spectrum has received confirmation from HUD that there are some possible errors with HERA limits. We recommend you hold off on instituting new limits until advised further. The issue should be resolved in the next week or so.