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COLA and Social Security (SS) Clarification
OHFA is clarifying our October Industry Message regarding the cost-of-living adjustment (COLA) increase and when it must be factored into the annual income calculation. Effective the day after the U.S. Social Security Administration announced the COLA, which was on October 24, 2025, public housing authorities (PHAs) and multifamily housing (MFH) owners are required to factor in the COLA when determining SS and Supplemental Security Income (SSI) annual income for all move-ins, initial certifications, annual recertifications, and interim certifications that have not yet been completed.
How to Calculate a COLA Increase Example
Sally applied for a unit and will move in December 1, 2025. Her current SS benefit amount is $1,256/month. In this example, the management agent will count:
- 1 month at $1,256
- $1,256 x .028 = $35.17
- $1,256 + $35.17 = $1,291.17
- 11 months x $1291.17 = $14,202.87
- $1,256 + $14,402.87 = $15,458.87 total projected income from Social Security
Click HERE for the announcement from the SSA.
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