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Passbook Rates Changing now or with 203A + HOTMA?
Yes, No, Maybe every other Sunday? HUD released a new HUD Passbook rate of 0.40%, which was included in the HOTMA implementation notice, effective for 1/1/2024. However, we still do not have final specs for 203A and HOTMA, so the software may not be ready to change the passbook rates for both properties and the PBCA’s. We…
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COLA – more than a soda! RATES HAVE INCREASED!
EPS, Inc., is here to help! The Cost-of-Living Adjustments (COLA) are effective 1/1/24 for SS and 12/29/23 for SSI. This year it is a 3.2% increase. If your property participates in Streamlined Verification (see notice below), you can use the COLA factsheet (see below) as verification and no additonal verification documentation, award letter, or EIV…
