An Award-Winning Partnership!

At a ceremony in Boston this week, our client, Rhode Island Housing (RIH), received an award from the National Council of State Housing Agencies (NCSHA). The award was for a project that was a combined effort between Costello Compliance and RIH. The project was a top-to-bottom overhaul of RIH's compliance monitoring polices and procedures and a brand new interactive electronic compliance manual and webinar series. The project took close to a year, but RIH and Costello are very proud of the award-winning results! If you are interested in more details about the process with a nice synopsis of the many features built into the manual, the award-winning proposal can be read HERE. If you want to s

Documented History...

Part 6: Verification Processes for Tax Credit Properties In this series, we cover the basics of tax credit compliance and how to research answers to questions tax credit professionals have in their daily practice. In this Basics article, the focus will be on verification of household information for tax credit properties. As proving household eligibility for units is one of the fundamental requirements of tax credit housing, this is a crucial topic to understand. As covered in articles two and three of this series, household income and student status must be determined to support the claiming of tax credits for a unit. Article five discussed that state agencies (and perhaps the IRS) will per

2020 Social Security COLA Announced! with Bonus Calculation Tutorial

Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 1.6 percent in 2020. The 1.6 percent cost-of-living adjustment (COLA) will begin with benefits payable to nearly 69 million Social Security beneficiaries in January 2020. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2019. (Note: over 3 million people receive both Social Security and SSI benefits). Click HERE for the announcement from SSA Medicare Information Information about Medicare changes for 2020, when announced, will be available at www.Medicare.gov. Below is an excerpt from the Costello Compliance webinar Qualifying Househol

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Costello Compliance

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