Low-Income Housing Units May be Offered to Displaced Victims of Hurricanes Harvey, Irma and Other Recent Disasters.
The IRS has offered guidance for LIHTC properties allowing them to house persons displaced by recent disasters. Please refer to the following link for additional information:www.irs.gov/newsroom
There are some notable changes as to what is required to comply with smoke detector placement. These changes bring Inspection standards closer to NFPA standards.
The 2022 letter to the owner has been updated. A copy of the letter can be found under the End of Year Report document section on the Massachusetts page.
Spectrum Compliance the “Authorized Delegate” for Massachusetts is pleased to provide LIHTC compliance training to those involved in the...
Effective July 1, 2025 the updated HOTMA rules take affect. Below are some common questions that we have been receiving regarding the HOTMA update. Question 1: “Are certifications effective 1/1/2024 expected to be HOTMA compliant at all Massachusetts LIHTC...
The 2022 letter to the owner has been updated. A copy of the letter can be found under the End of Year Report document section on the Massachusetts page.
On October 7, 2022 the IRS has released guidance that provide temporary relief from certain section 42 requirements.
HUD has published the 2022 HOME limits and they are effective June 15, 2022. To find your 2022 HOME income limits visit this site: https://www.hudexchange.info/programs/home/home-income-limits/ To find your 2022 HOME rent limits visit this site:...
HUD has announced the 2022 income limits for the MTSP housing programs effective April 18, 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.
HUD has released the 2021 income limits. They are effective 4/01/21 and must be in use no later than 5/15/21 To find your 2021 income limits visit: https://www.huduser.gov/portal/datasets/mtsp.html