Spectrum Enterprises

10/23/2024

November 12-14: Join Us in Boise, ID for C3P Certification & HOTMA Training!

Spectrum Seminars is hosting a 3-day event in Boise, ID to ensure you're ready for the upcoming HOTMA regulations and LIHTC compliance.

Day 1 covers HOTMA’s impact on LIHTC properties, focusing on crucial topics like assets, income, allowances, and the new regulations taking effect in July 2025. You’ll gain clarity on how these changes affect move-in certifications and recertifications across all federal programs.

Days 2 & 3 are dedicated to C3P certification, providing in-depth training on the Low-Income Housing Tax Credit (LIHTC) program. Whether you’re looking to certify or recertify, this session will ensure you're fully up to date with the latest requirements.

Why Attend?

• Stay ahead of HOTMA regulations and ensure your properties are compliant with LIHTC.
• Receive a color-coded manual for easy reference to the new rules.
• Benefit from the expertise of Steve Rosenblatt, who has trained over 100,000 professionals in affordable housing compliance.

The Grove Hotel
245 S Capitol Blvd, Boise, ID 83702

Secure your spot today and make sure your properties are compliant for 2025! https://spectrumseminars.com/event/c3p-tax-credit-and-implementing-hotma-live-boise-id-november-12-14-2024/

A new one day class that will be available as public and private seminars to discuss the implementation of HOTMA for Tax Credits, HOME, Trust Fund, PHA Vouchers, Project Based Section 8, 202/8/PRAC and Rural Development 515. The class will discuss assets, income and allowances, current regulations a...

10/16/2024

Join us in Sacramento, CA for a crucial seminar on the upcoming HOTMA regulations!

Starting July 1, 2025, HOTMA regulations will be mandatory for all federal housing programs, including Tax Credits, Section 8, RD 515, and HOME. However, many states are implementing these changes as early as January 1, 2025, specifically for Tax Credits.

Prepare by attending this seminar led by industry expert Steve Rosenblatt!

Topics Covered:
• Changes to assets, income, and allowances
• How HOTMA will impact current federal housing programs

Date: November 20, 2024
Location: Sheraton Grand Sacramento, 1230 J Street, Sacramento, CA 95814

Special Price: Originally $500 per person, now reduced to just $200!

Don't miss this opportunity to stay ahead of key regulatory changes. Register now!

Secure your spot: https://spectrumseminars.com/event/implementing-hotma-live-sacramento-ca-november-20-2024/

A new one day class that will be available as public and private seminars to discuss the implementation of HOTMA for Tax Credits, HOME, Trust Fund, PHA

10/10/2024

The 2025 Social Security COLA is set at 2.5%, and it’s important for affordable housing managers to stay compliant with these updates. Learn how this change impacts compliance and what to know about effective dates to avoid mistakes. Read the full blog now! https://spectrumlihtc.com/irs-notices/2025-cola-update/

The Social Security Administration (SSA) recently announced the Cost-of-Living Adjustment (COLA) for 2025 at 2.5%, the lowest adjustment since 2020 (1.3%). The average COLA increase over the past decade has […]

08/26/2024

🐾 Happy National Dog Day from Spectrum Enterprises and Spectrum Seminars! 🐶

We’re thrilled to share this collage featuring the adorable dogs of our team members. These pups bring so much joy to our lives, and we’re excited to celebrate them with you today!

Got a furry friend of your own? Share a photo in the comments—we’d love to see them!

Spectrum Enterprises has been performing compliance services for over 25 years for the Low Income Ho

08/15/2024

Big changes are coming to HOTMA in 2025!

Stay ahead of the curve by learning about the new HUD updates, including asset limitations, deductions, and more. Check out our latest blog post for all the details, and don’t miss our live training seminars across the U.S.

Dive into the full update here: https://spectrumlihtc.com/compliance-updates/2025-hotma-updates/

Find a LIVE seminar near you today! https://spectrumseminars.com/

Learn about the key 2025 HOTMA updates announced by HUD, including changes to asset limitations, deductions, and passbook rates.

08/13/2024

🔔 Registration Deadline Alert: Thursday, August 15th, End of Day! 🔔

Join us in Portland, ME, for an essential seminar on the latest HOTMA regulations!

📅 Date: August 20, 2024
🕘 Time: 8:00 AM - 4:00 PM
📍 Location: 157 High Street, Portland, ME 04101

Whether you're involved in Public/Indian Housing, Section 8 Vouchers, Tax Credits, HOME, Trust Fund, or Rural Development, this seminar is crucial for understanding the changes coming with HOTMA starting January 1, 2025.

🔍 Topics Covered:
• Assets, income, and allowances
• Current regulations and HOTMA changes

💲 Special Offer: Originally $500 per person, now only $200!

Don't miss out! Register by this Thursday, August 15th, end of day, to secure your spot and stay ahead in housing regulations with insights from Steve Rosenblatt, founder of Spectrum Enterprises and Spectrum Seminars.

🔗 Register now: https://spectrumseminars.com/event/implementing-hotma-live-portland-me-august-20-2024/

A new one day class that will be available as public and private seminars to discuss the implementation of HOTMA for Tax Credits, HOME, Trust Fund, PHA Vouchers, Project Based Section 8, 202/8/PRAC and Rural Development 515. The class will discuss assets, income and allowances, current regulations a...

07/23/2024

Don’t miss this essential three-day seminar in Seattle, WA on C3P Tax Credit and HOTMA prep!

📅 September 4-6, 2024
📍 Crowne Plaza Seattle Airport

With HOTMA implementation approaching, it's crucial to be fully prepared. This seminar is a must for anyone needing C3P certification, recertification, continuing education, or understanding how HOTMA impacts C3P.

🔍 Seminar Breakdown:
• Days 1 & 2: C3P Tax Credit Certification—ideal for new certifications, recertifications, or learning how HOTMA affects C3P.

• Day 3: Implementing HOTMA—covering all Federal Programs, including current regulations that extend through this year. You'll receive a color-coded manual with the new HOTMA regulations and gain insights on essential topics such as assets and exempted assets, income and exempted income, allowances, and move-in certifications.

This class will pertain to tax credits, HOME, Section 8 (Vouchers and Project-Based), 202, PHA, and RD 515.

Act now to secure your spot and ensure you're ready for the upcoming changes!

🔗 Register here: https://spectrumseminars.com/event/implementing-hotma-live-seattle-wa-sept-4-6-2024/

A two-day seminar to become a Certified Credit Compliance Professional (C3P) for Low Income Housing Tax Credit. Now including the “Income Averaging Set-Aside” and HOTMA updates C3P Agenda 2024

12/09/2021

Spectrum would like to wish everyone "Happy Holidays" to all of our clients and followers!

07/06/2021

Our new website is live now!

Who's Driving Your Compliance? Full Service Monitoring, Auditing, Training and File Reviews for Affordable Housing Learn More ; Over Thirty Years of Affordable Housing Expertise Spectrum Enterprises is an industry leader in Section 42 Low Income Housing Tax Credit program. Across the US and its over...

05/27/2021

For our Connecticut LIHTC Community: Just a reminder, tenants must answer ALL questions on the Interview Checklist and The Recertification Update Forms. For whatever reason, the questions regarding how previous year's income differs from current year are left blank. These are required forms in CT.

Remember, do not leave ANY blanks on LIHTC forms.

This is a screen shot from the Interview Checklist from a file - notice the question is unanswered, even though it says "Do not leave this blank" next to it. This is reported as a procedural issue.

05/21/2021

For our Connecticut LIHTC Community, go here to see the UPDATED Relief from IRS Requirements due to Major Disaster Declaration and COVID-19 from CHFA.

https://www.chfa.org/assets/1/6/MAY_2021_UPDATE_Major_Disaster_Declaration_2014-49_10__Test_and_PIS.pdf

05/13/2021

I've been reviewing a lot of files lately where households go over the income limit at the first annual certification and management did not document the overage in the file. Anytime a household goes above the income limit at the first annual certification, management needs to document the file with the reason for the increase in income and then highlight the supporting documentation. This makes it easy for the auditor to determine whether or not the increase could have been anticipated at move-in. Remember, auditors are not detectives. Make your files as transparent and organized as possible. Always document the increase and document the reason. It's easy enough. And in 2020, Spectrum made it even easier with the release of the Over Income Clarification Form. A link to the form will be posted in the comment section.

04/21/2021

This is good news.

Congress gets bipartisan bill to expand and update the LIHTC. Here's what investors should know.

04/19/2021

Just a reminder that Spectrum released a new form in 2020 to help document households that go above the income limit at the first annual certification. It's called the Over Income Clarification Form. Here is a video explaining the form, as well as covering common mistakes on other forms.

The Spectrum Enterprises 2020 Forms Package has been released. We hope you enjoy this 8 minute video which introduces a new form, provides updates on existin...

04/12/2021

The 2021 Income Limits have been released!

Note: The limits identified in the MTSP Income Limits tables and MTSP Documentation system as "HERA Special" Income Limits are only for use by projects in service in 2007 or 2008

04/05/2021

C3P Live Webinars Coming Summer 2021!

East Coast June 15 & 16! West Coast July 13 & 14!

Classes go from 9am to 5pm both days (EDT/PDT).

$650 per person for each glass (group discounts available).

Register at https://spectrumseminars.com/

For all questions and inquiries about Steve's seminars both live and recorded, go to https://spectrumseminars.com/.

Spectrum does not use Facebook to communicate with our clients and the LIHTC community. If you are a client, always contact the employee in charge of your contract. If you work in one of the states we monitor, you can go to www.spectrumlihtc.com and select the "STATE MONITORING" tab to find your contact.

04/01/2021

Hey LIHTC-LAND! Just a reminder that we now have an Over Income Clarification Form to use when a household goes over the income limit at the first annual certification! I started reviewing files for a state and so far NO ONE is using it! This is a VERY helpful form for both properties and auditors. Here is a video explaining how to use the new form, as well as some common mistakes made on other forms.

The Spectrum Enterprises 2020 Forms Package has been released. We hope you enjoy this 8 minute video which introduces a new form, provides updates on existin...

03/26/2021

Just a reminder that End of Year Materials for Connecticut are due 4/1/2021. Click here if you have any questions. Scroll to the bottom and click on End of Year Reporting Materials.

Connecticut Contacts Harold Tucker, Director of Connecticut State Monitoring (207)805-0035 or [email protected] Wil Whalen, Spectrum Compliance Analyst (207)805-0039 or [email protected] Colette Slover, Multifamily Underwriter II (860)571-4338 or [email protected] Joe Voccio, D...