2025 Inflationary Adjustments
The 2025 Inflationary Adjustments have been posted here.Items to note:New Asset Threshold of $51,600New Asset Limitation of $103,200New Passbook Rate of 0.45%Deductions remain the sameApplicability: P ...
March 25, 2024 in Certs/ 50059s (Including income/assets/expenses), Multifamily Housing News, Tenant Income
Tenant Recertification Flexibilities
HUD would like to remind owners/agents participating in HUD Multifamily project-based rental assistance programs of flexibilities using recertifications to help support residents who are in rent arrea ...
Medical Expenses: New Mileage Rates Posted for 2024
Many times our residents have medical expenses that include automobile expenses. If you are calculating medical expenses that include that type of transportation, this is vital information. The Inte ...
Medical Expenses: New Mileage Rates
Many times our residents have medical expenses that include automobile expense. If you are calculating medical expenses that include that type of transportation, this is vital information. The Interna ...
RHIIP Listserv Posting #456: Reminder – Income Limits on HUD-50059
RHIIP Listserv Posting #456: Reminder – Income Limits on HUD-50059 This is a reminder regarding the timing of determinations of income eligibility. As explained in HUD Handbook 4350.3, REV-1, pa ...
Notice of Excluded Income from Census Bureau Workers
Recently, the Office of Multifamily Housing published a notice regarding the exclusion of temporary employment payments received from the U.S. Census Bureau from annual income. This Notice applies ...
Q & A: How long is paperwork good?
Q & A: How long is paperwork good? Question: On May 23, a tenant brought me in her pension statement dated March 31, 2017. Can I use it for her August 1, 2017 AR? Additional Info: The document ap ...
Q & A: Military Veteran on Application?
Q & A: Military Veteran on Application? Question: Was I supposed to update my application to ask if someone is a military veteran? What do I have to ask? I can’t see anything in HUD Handbook 4350 ...
Having Trouble Transmitting?
Having Trouble Transmitting? Due to a recent change in the iMAX system, the capitalization of the TRACM portion of the TRACSMail ID has become important in the log-in authorization step. The TRACS te ...
Q and A – What do I compare to Income Limits?
Q and A - What do I compare to Income Limits? Question: When I’m checking to see if an applicant household qualifies based on income limits, do I look at the household’s annual income or adjust ...