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.
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 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 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...
We will post notification here when HUD issues updated income limits. 2016 income limits Novogradac Rent and Income Calculator
HUD Releases 2016 MTSP Income Limits
Please refer to END OF YEAR REPORTING below. MEMO: Collecting last month's rent in advance. See the News Archive drop down menu below for more news.
-The 2015 LIHTC Income Limits have been released. A quick overview shows an increase across the boardSee this link to the HUD website.
An updated Owner Certification form is now available. Question Xb has been modified for clarity. If your property is not 100% LIHTC you will need to know if the applicable fraction is based on the number of LIHTC units versus the number of non LIHTC units , or the...
Beginning in February, 2015 the imputed rate of interest on cumulative assets exceeding $5,000 will drop from 2% down to .06% A revised certification form will be made available as that date gets closer. Remember to start adding a Cost Of Living Adjustment of 1.7% to...
DHCD’s Section 8 regional administrators stopped calculating UAs for all utilities except heat. Local PHAs receiving and distributing Section 8 operating subsidies may still be able to provide UAs for utilities other than heat. As a result, you will need to avail...