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HOTMA: An Overview
March 5 @ 9:00 am - 12:00 pm
On January 1, 2024, HUD will implement the most comprehensive changes to the way HUD properties determine eligibility and calculate income and rent since 1981 when Congress raised the rent cap from 25% to 30% of Adjusted Income. The changes are expected to have a ripple effect on other affordable housing programs including Rural Development and the Low Income Housing Tax Credit and HOME programs. Find out the most significant changes, what guidance HUD has provided to date and when you will need to start following the rules.
Updated for the 2/2/2024 reissuance and revision of Notice 2023-10!
HUD has revised and reissued the Supplementary Guidance effective 2/2/2024 to correct and clarify numerous requirements in the original guidance.
In addition, HUD has now added “Total Nonenforcement” ( translation – “grandfathering”) of the Section 8 Asset Restrictions as another Owner option for existing residents.
Don’t miss this opportunity to be ready for HOTMA.
Non-members must pre-pay
MAHMA Cancellation Policy: All cancellations must be submitted in writing five business days prior to the event. Substitutions are accepted, no shows will be billed.