Massachusetts Funding Update | Spectrum Enterprises

Massachusetts News

Massachusetts Funding Update

Massachusetts officials said Thursday that $67 million in state and federal funding and tax credits has been designated to build and preserve 23 affordable-housing developments in 21 communities… Continue reading article in the Boston Globe.

Published

February 11, 2013

Massachusetts News Archive

Recent Massachusetts News

2025 Massachusetts Income Limits

HUD has announced the 2025 income limits for the MTSP housing programs effective April 1, 2025.

NSPIRE Inspection Standards – Smoke Alarms

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.

EOY 2023 Submissions Due March 15, 2024

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.

Massachusetts LIHTC Compliance Training – LIVE – December 6, 2023

Spectrum Compliance the “Authorized Delegate” for Massachusetts is pleased to provide LIHTC compliance training to those involved in the...

LIHTC Compliance and HOTMA in Massachusetts Q & A

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...

EOY 2022 Submissions Due March 15, 2023

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.

IRS NOTICE 2022-52 PANDEMIC RELIEF GUIDANCE

On October 7, 2022 the IRS has released guidance that provide temporary relief from certain section 42 requirements.

2022 Massachusetts HOME Limits

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:...

2022 Massachusetts Income Limits

HUD has announced the 2022 income limits for the MTSP housing programs effective April 18, 2022.

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.

February 2019 Significant Changes from Treasury Dept

On 2/26/19 the Treasury Department will officially publish significant changes to LIHTC monitoring requirements. A copy of the publication can be found HERE Advance notice of file reviews and inspections will be limited to no more than 15 days. Same day notification...

EOY Documentation for 2018 Due March 15

End of Year documentation for 2018 is due no later than March 15. An email reminder was sent out. If you didn't receive it but would like to going forward, contact Ed Clark eclark@spectrumlihtc.com to be added to the list. There are no changes to the software or to...

COLA Adjustments for 2019

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. Read more at: www.ssa.gov

EOY Documentation 2018

EOY Documentation 2018

An email reminder was sent out on 1/3. If you didn’t receive it but would like to going forward, you can contact us.

Displaced Victims of Hurricanes Harvey, Irma and Other Recent Disasters

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...

Cost-of-Living Adjustment (COLA) for 2018

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

2017 Income Limits Published

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:...

VAWA and LIHTC Compliance

VAWA and LIHTC Compliance While LIHTC is considered a covered program under VAWA, legislation has not been enacted to incorporate it into Section 42 of the IRC. There is no enforcement mechanism in place at this time. Despite this, Spectrum expects LIHTC properties to...

HUD Updated Limits 2016

We will post notification here when HUD issues updated income limits. 2016 income limits Novogradac Rent and Income Calculator