Edward Clark, Director of Massachusetts State Monitoring
eclark@spectrumlihtc.com or (207) 767-8000 x204
Cathy Turner, Compliance Analyst
cturner@spectrumlihtc.com or (207) 767-8000 x216
Wil Whalen, Compliance Analyst
wwhalen@spectrumlihtc.com or (207) 767-8000 x212
Temporary LIHTC Housing for Sandy Victims
Click Here for Information
COLA SS Adjustments
The Cost of Living Adjustment of Social Security was published yesterday at 1.7%. Click this link for more information.
Please begin anticipating the adjustment for the upcoming year
TCAP and TC-X properties must submit EOY documentation as well.
All properties that are required to follow Section 42 regulations must submit EOY reports annually. This includes the annual Owner’s Certification and Unit History Report. The same is true for Section 42 properties that are beyond year 15. Not sure if this applies to you? Contact Ed Clark at eclark@spectrumlihtc.com or call him at 207-799-0056 x 204
Revised Policy for Assisted Living Properties!
Several Directors of Assisted Living Properties in Massachusetts felt our interpretation of the regulations in regard to meals was inaccurate. As a result, we contacted both DHCD and the IRS. The initial response we received from the IRS was that our reading of the regulations was the correct one. After prolonged discussion, that opinion was modified and we can now conclude that charging LIHTC occupants a fee for any and all meals is allowable under Section 42 regulations as long the following conditions are present:
- Potential LIHTC residents are informed prior to occupancy that obtaining meals is not required as a condition of occupancy.
- A reasonable alternative is present for obtaining or preparing meals on their own. The presence of a refrigerator/microwave/stovetop/oven etc all contribute to that conclusion.
- Thank you for your patience. We are happy to report it has paid off with a favorable conclusion!
Mass Monitor runs World Renowned Road Race
Congratulations to Cathy Turner For completing her first ever Beach To Beacon 10K road race. Cathy crossed the finish line in just under 66 minutes. Cathy wasn’t the only Spectrum employee to run the race this year. Katie Rawson also ran the race and finished in just under an hour. The speed of physical inspections is not expected to change.
MARTHA’S VINEYARD has revised income limits.
As of 6/30/11 HUD has modified the income limits for Dukes County.
Be sure to check and confirm you’re using the right limits.
CONGRATULATIONS!
We’re happy to acknowledge some affordable housing developments that have distinguished themselves at the national level.
Worthington Commons of Springfield was recognized under the HOME program by HUD for being a financially stable project that is helping turn around a difficult neighborhood.
Trolley Square in Cambridge was noted for sustainable and innovative building design.
Together with the Gordon H. Mansfield development in Pittsfield, these properties demonstrate just how effective public/private partnerships can be in making our communities stronger and better places to live.
2012 EOY Information coming soon.
Recommended Tenant Forms
Consent form for the new TIC: Click here to view the form.
All updated forms are available on our Resources page. Click here to view all forms.
Additional Forms:
Telephone Verification Form
HUD has issued clarification regarding excluded income. NOTICE: PIH-2013-04 (HA)
Nothing extraordinary but is definitive regarding Aide and Attendance benefits. Be sure to be able to identify the amount for that purpose.
State News: