Rent Increases During COVID-19 Emergency
In light of the new income and rent limits announced by the United States Department of Housing and Urban Development (HUD) on April 1, 2020. DHCD has provided the following guidance to owners and managers of private affordable housing with state financial assistance. For more information and read the guidance provided please click the link below:
They are effective 4/01/20 and must be in use no later than 5/15/20.
Property Managers are concerned about failing to get recertifications done during this crisis.
HUD has released the 2019 income limits. They are effective 4/24/19 and must be in use no later than 6/8/19. To find your 2019 income limits visit: https://www.huduser.gov/portal/datasets/mtsp.html
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...
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 ec****@***********tc.com to be added to the list. There are no changes to the software or to...
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
HUD has released the 2018 income limits
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.
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...
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