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.
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...
The new 2014 income limits have been released. Please see this blog post written by Erik Whitton for more information and links.
The Social Security Administration has just released the new 2014 COLA adjustments. It has been adjusted to 1.5%. Please see this link for details.
**NOTICE REGARDING RETIREMENT and INVESTMENT ACCOUNTS** There has been confusion regarding how to document income and assets involving retirement accounts (IRAs/401ks/etc.) and other investment accounts (Investments without any sort of tax deferment or age...
Do you need LIHTC training? Spectrum Seminars will be in Boston in 2013. Click here for dates and registration information.