NAHMA HUD Update: Annual Base City High Cost Percentages; Per UnitLimit for Substantial Rehab; Child Tax Credit/ EITC Training on March 9

March 3, 2022

Dear NAHMA Members,

Please find below two recent announcements from the Office of Multifamily Housing regarding:

  • The publication of Annual Base City High-Cost Percentages and High-Cost Areas, and the Per Unit Substantial Rehabilitation Threshold for 2022 (also attached)
  • Attend the March 9 Child Tax Credit/ Earned Income Tax Credit Training

For more information, please view the announcements below.

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Annual Revisions to Base City High Cost Percentage, High Cost Area and Per Unit Substantial Rehabilitation Threshold for 2022

Read the Mortgagee Letter and the Housing Notice on the Annual Revisions to Base City High Cost Percentage, High Cost Area and Per Unit Substantial Rehabilitation Threshold for 2022 that were published today.

Attend the March 9 Child Tax Credit/ Earned Income Tax Credit Training

With just over one month left until the tax filing deadline of April 18, join HUD, Treasury, and the White House for a training on the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC).

This training will give an demonstration of childtaxcredit.gov and getyourrefund.org, both free IRS-certified tax filing resources, and explain how to connect with IRS Volunteer Income Tax Assistance (VITA ) program centers. HUD staff will also present HUD-specific resources for CTC and EITC promotion and research on how the CTC has benefitted HUD-assisted families.

The training will take place on Wednesday, March 9, from 2-2:45 p.m. ET. Join via Zoom.

The Child Tax Credit and Earned Income Tax Credit are large tax refund payments that people can receive when they file a tax return. The 2021 American Rescue Plan expanded who can receive these payments and increased the amount of money available to many families and individuals. These tax credits are not income. Receiving these benefits will not impact eligibility for other federal benefits.