October 13, 2022 the 2023 COLA was published at 8.7%. This is the largest increase since 1981.
2025 Income Limits
HUD has announced the 2025 income limits for the MTSP housing programs effective April 1, 2025.
2023 COLA ANNOUNCED
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2025 Minimum Wage Increases
As we step into 2025, several states are rolling out updates to their minimum wage rates, reflecting adjustments for inflation, legislative changes, and phased-in increases. · Ohio: The minimum wage is increasing to $10.70 from $10.45 due to an inflation...
2024 Spectrum Data Collection Starts March 1, 2025
As we begin 2025, we will be collecting the annual submission of year-end documentation for 2024. This submission is required by the Internal Revenue Service, as noted in Section 42 (26 CFR Part I-1.42-5 (c)) of the Internal Revenue Code, and by the West Viriginia...
2025 COLA Update: Impact on Affordable Housing Compliance
The Social Security Administration (SSA) recently announced the Cost-of-Living Adjustment (COLA) for 2025 at 2.5%, the lowest adjustment since 2020 (1.3%). The average COLA increase over the past decade has been 2.6%. While this year’s adjustment is lower than 2024’s...
2024 Income Limits
HUD has announced the 2024 income limits for the MTSP housing programs effective April 1, 2024..