Monitoring

Social Security and Supplemental Security Income (SSI) benefits for nearly 72 million beneficiaries will see a 3.6 percent cost-of-living adjustment (COLA) in January 2027.  Increased payments will begin on December 31, 2026.  On average, Social Security retirement benefits will increase by $75 per month. You can access the SSA announcement here.

The recently published HOME Program income and rent limits for the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area and Counties in the Northeast MN HOME Consortium will be effective on June 1, 2026. These and limits for other local and national jurisdictions are available on HUD Exchange at the links below: The maximum allowable rent…

HUD has released the FY 2026 Multifamily Tax Subsidy Projects (MTSP) Income Limits for Low-Income Housing Tax Credit (LIHTC) properties. These income limits are effective May 1, 2026, and must be implemented within 45 days, no later than June 15, 2026. HUD’s published MTSP income limits are available here. Minnesota Housing’s published limits are available…

For PY2025, each project monitored by Affordable Housing Connections (AHC) has annual reporting requirements with a submission due date of Wednesday, February 18, 2026, by the end of the business day. Reports not submitted by this date and/or that are incomplete may be considered noncompliant. If you are unable to submit a complete report(s) by this date, contact your…

The Social Security Administration has published the Cost-of-Living Adjustment (COLA) for 2026.  Social Security and Supplemental Security Income (SSI) benefits for over 75 million Americans will increase 2.8 percent in 2026. The 2.8 percent COLA will begin with benefits payable to Social Security beneficiaries in January 2026, with increased payments to SSI beneficiaries beginning on…

The 2026 HUD Passbook Savings Rate will be 0.40% effective January 1, 2026. On August 5, 2025, HUD posted the Inflation-Adjusted Values and Passbook Savings Rate for 2026.  See Annual Inflationary Adjustments and Passbook Rate for more information. Tenant certifications effective January 1, 2026, or later must use the new passbook rate. See the 11-2024…

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. …

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…

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…

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…