Monitoring
2025 COLA Increase
Social Security Announces 2.5 Percent Benefit Increase for 2025 Social Security and Supplemental Security Income (SSI) benefits for more than 72.5 million Americans will increase 2.5% in 2025. The 2.5 percent cost-of-living adjustment (COLA) will begin with benefits payable to Social Security beneficiaries in January 2025. Increased payments to SSI beneficiaries will begin on December 31, 2024. …
Read More2025 HUD Passbook Rate
The 2025 HUD Passbook Savings Rate will be 0.45%, effective January 1, 2025. On August 2, 2023, HUD posted the Inflation-Adjusted Values and Passbook Saving Rate for 2025. See Annual Inflationary Adjustments and Passbook Rate for more information.. Tenant certifications effective January 1, 2025, or later must use the new passbook rate. See the 12-2023…
Read More2024 COLA Increase and HUD Passbook
Social Security Announces 3.2 % Benefit Increase for 2024 Social Security and Supplemental Security Income (SSI) benefits for more than 70 million Americans will increase 3.2% in 2024. The 3.2 percent cost-of-living adjustment (COLA) will begin with benefits payable to Social Security beneficiaries in January 2024. Increased payments to SSI beneficiaries will begin on December…
Read MoreHOME 2023 Income and Rent Limits
The recently published 2023 HOME Program income and rent limits for the Minneapolis-St. Paul-Bloomington, MN-WI MSA and Counties in the Northeast MN HOME Consortium are effective on June 15, 2023. These and limits for other local and national jurisdictions are available on the HUD Exchange: The 30% limits are provided for the HOME Program because…
Read MoreThe 2023 Monitoring Season has Begun
The due date for the Annual Owner’s Certification and its supporting documents (i.e., PY2022 CHARTs) has passed, and hopefully, you submitted everything on time. If so, thank you for your timely submission – we appreciate it! The Affordable Housing Connections (AHC) compliance team member who leads your management portfolio should have emailed you the list…
Read MoreCHART PY2022: Upload Instructions
CHART PY2022 is now in your Secure Management Folder Due Wednesday, February 15, 2023 Hello and Happy Holidays! This is to let you know that the CHART shells that you will use for PY2022 reporting are available in your secure management folder. Along with the CHART2022 shells, we uploaded a blank CHART Authorization, a blank…
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