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HUD Medical Expenses 2015 Standard Mileage Rates

The IRS has issued the 2015 standard mileage rates used to calculate the medical deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car, van, pickup or panel truck will be .23 cents per mile driven […]

Applying the Section 8 Student Rule

Question: If a household with a mother and four minor kids resides in a Section 8 unit and the kids want to go to college after graduating from high school, the handbook says that both parents must qualify for Section 8 “individually or jointly”.

So if the non-custodial parent who has been paying child support […]

Cost-of-Living Adjustment (COLA) Information for 2015

HUD Just announced: Monthly Social Security and Supplemental Security Income (SSI) benefits for nearly 64 million Americans will increase 1.7 percent in 2015.

The 1.7 percent cost-of-living adjustment (COLA) will begin with benefits that more than 58 million Social Security beneficiaries receive in January 2015. Increased payments to more than 8 million SSI beneficiaries will […]

Housing Notice 2014-16 on Waiting List Administration Published

This notice provides guidance on the administration of waiting lists for Multifamily Housing properties, on the topics of opening the waiting list, placing applicants on the waiting list, and outreach. You can find the complete notice here: http://www.ahtcsonline.com/Industry Links/HUD Notices/hud_notice_H2014_16.pdf

Opening the waiting list; As stated in HUD Handbook 4350.3 REV-1, paragraph 4-16.B.2, when an […]

HUD Passbook Rate Change-follow up

Hopefully everyone is aware of the HUD passbook rate change. Effective February 1, 2015, the passbook savings rate to be used for all move-in, initial, annual, and interim recertifications when a family has net assets over $5,000 is .06% (that’s .0006 and no rounding).

This new rate will affect the following subsidy types:

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