2024 Minimum Wage
A reminder about 2024 minimum wage increases. Please take note of your state and the effective date of any increase.
How to fill out the Questionnaire
Please review the Questionnaires for California, Oregon, Idaho, and RD/HUD properties for “TIPS on how to fill out the Questionnaire”.
We have highlighted key wording in the questionnaire to grab your attention when completing this form, with TIPS throughout the form. These are “examples only”.
TIP to take away– If the answer is YES, ALL fields in the questions must be answered, and will require additional forms and/or verification.
California Tax Credit Questionnaire
Idaho Tax Credit Questionnaire
Oregon Tax Credit Questionnaire
RD-HUD Tax Credit Questionnaire
Examples on how to fill out the Child / Spousal Support Form
Please review the Child / Spousal Support Forms for California, Oregon, Idaho, and RD/HUD properties for “Examples on how to fill out the Child / Spousal Support Form ”.
We have highlighted key wording on the form to grab your attention when completing this form, with TIPS throughout. These are “examples only”.
TIP to take away– If the answer is YES, ALL fields in the section “must have a response” and require supporting documentation in the file.
California Child – Spousal Support Affidavit Form CA
HUD – RD Child Support Affidavit Form C385
Idaho Child Support Affidavit Form C385
Oregon Child Support Certification TCOR014
Updating Rent, and HAP Subsidy on a Move-in, Interim or Annual Certification
We will walk you through the steps to update tenant rent & HAP subsidy for a Move-in or Annual Certification. Click Here!
Passbook Rate
Effective January 1st, 2024, a change has been made to the income certifications in Yardi.
The Passbook Rate used to calculate Imputed Income has changed from .06% to .40%.
Please note this change if you ever have to make this calculation by hand. In most cases, however, Yardi will take care of it for you!
Remember that either the Imputed Income from Assets or the Actual Income from Assets is to be used, whichever is greater – not both. (See the example where the Actual Income from Assets was used.)
Under $5k Asset Form
Compliance has outlined TIPS on filling this form out correctly. Please implement the TIPS detailed on the form so that we are all completing these forms in the same manor. Click here to view form.
Compliance Update 2019: Wage and COLA changes
Happy Holidays! Join us in welcoming Rebekah Lopez to the Compliance Department!
A few things to remember coming into the new year:
Cost of Living Adjustments
- Social Security had a Cost of Living Adjustment (COLA) effective January 1, 2019 of 2.8%
Minimum Wage Increases
- 2019 California Minimum Wage is $12.00 – Effective January 1, 2019
- 2019 Oregon Minimum Wage – Effective July 1, 2019 – Please see the attached map to determine your area.
- Standard $11.25
- Portland Metro $12.50
- Nonurban Counties $11.00
- 2019 Idaho Minimum Wage is $7.25 – No Change
Happy Calculations! As always we can help with any proration’s that might be needed.
Oregon Minimum Wage Changes 2019
Christey Simkins
Compliance
Cambridge Real Estate Services
PO Box 2968 | Portland, Oregon 97208
Direct: 503-450-0231
Fax: 503-450-0241
TAX, HUD & RD Required Forms Cheat Sheets
Hello Managers,
These updated cheat sheets for TAX, HUD and RD required forms will help you as a quick reference in determining what documents are necessary when completing your move-in and annual re-certifications.
If you have any questions, please contact our Compliance Department.
Thank you!
Self Employment Verification Form Update
Hello Managers,
Please see the new attached Self Employment Income Verification form. This form will be required for any adult household member that lives on an affordable property (Tax-Credit, RD, & HUD) and claims self-employment as an income source.
Please read through this form in its entirety as it will guide you and your resident/applicant as to what documentation will be needed for the self-employment.
As always, feel free to contact the Compliance Department staff with any questions.