This should make it easier for veterans to qualify for affordable housing.
The IRS recently released Revenue Procedure 2024-38, which provides guidance on the alternative income eligibility requirements for the Department of Housing and Urban Development...
You’ll use the new figures when calculating household income in 2025.
HUD recently released its annual inflationary adjustments for 2025, impacting the determination of income and assets under the Housing Opportunity Through Modernization Act (HOTMA)....
The IRS recently issued Notice 24-08, which contains the 2024 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
With the recent notice, the 2024 business standard mileage rate is increasing to 67...
HUD recently released its final rule for implementing the remaining Housing Opportunity Through Modernization Act (HOTMA) provisions. HOTMA was a bipartisan bill that sought to align and streamline public housing and HUD multifamily programs. For these programs, the changes under HOTMA touch...
The IRS recently issued Notice 23-03, which contains the 2023 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
Last year, the IRS made a rare midyear mileage rate adjustment in June as a way to...
You probably know that each time you certify or recertify a household at your site, you need to determine the cash value of the household’s assets and the income those assets are expected to generate over the next year. It may be the case that increasingly more applicants and households...
Personal retirement accounts can be tricky to navigate when completing income certifications. They can be considered assets or income depending on if the resident has access to the retirement account funds and if distributions are regular and periodic or sporadic. Generally, when the regular...
The Social Security Administration (SSA) recently announced that the Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in 2023. The 8.7 percent cost-of-living adjustment (COLA) will begin with benefits payable to more...
