The 2016 Housing Opportunity Through Modernization Act (HOTMA) imposes new asset limits for some residents of some HUD housing. Changes to HUD’s interpretation of HOTMA and a delay in HUD’s HOTMA implementation have led to confusion about the new asset limits. This confusion has led to some tenants erroneously receiving information that tenancy in their HUD-assisted home is imminently at risk.
The purpose of this call is for housing owners, managers, residents, advocates, and other stakeholders to hear directly from HUD officials on what HOTMA asset limits are, how they will or will not be implemented, owner and manager ability to opt out of asset limit implementation for currently-assisted residents, and HUD’s forthcoming additional guidance and tools on asset limits.
Speakers:
• Ethan Handelman, HUD, Deputy Assistant Secretary, Office of Multifamily Housing
• Jen Larson, HUD, Director, Office of Asset Management and Portfolio Oversight, Office of Multifamily Housing
Register here for the November 13 call.