October 13, 2022 the 2023 COLA was published at 8.7%. This is the largest increase since 1981.
2024 Income Limits
HUD has announced the 2024 income limits for the MTSP housing programs effective April 1, 2024..
2023 COLA ANNOUNCED
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Recent News
2023 Spectrum Data Collection Starts March 1, 2024
Data collection will start on March 1, 2024 with a final submission date of April 30, 2024
Minimum wage increases for 2024
State 2023 Hourly Minimum Wage 2024 Hourly Minimum Wage Effective January 1, 2024 Alaska $10.85 $11.73 Arizona $13.85 $14.35 California $15.50 $16.00 Colorado $13.65 $14.42 Connecticut $15.00 $15.69 Delaware $11.75 $13.25 Hawaii $12.00 $14.00 Illinois $13.00 for...
HOTMA News for Private Consulting Clients
While HUD is allowing the implementation of the regulations to be pushed until 1-1-25, Spectrum Compliance has made the decision to implement the HOTMA changes on 1-1-24. This allows for a year of trial and error before all states mandate the changes. We are in contact with all state agencies concerning when they expect to implement HOTMA, and many have reported it will be 1-1-24.
2024 COLA ANNOUNCED
October 12, 2023 the 2024 COLA was published at 3.2%.