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HUD's New Ruling on HOTMA Guidance and Implementation

 

Understanding HOTMA and Its Impact and Action Steps for Compliance.

According to the National Affordable Housing Management Association (NAHMA), the Housing Opportunity Through Modernization Act of 2016 (HOTMA), signed by former President Obama on July 29, 2016, after Congress unanimously passed the legislation, “streamlines certain parts of the U.S. Dept. of Housing and Urban Development’s (HUD) rental assistance programs, including the public housing program, the Housing Choice Voucher (HCV) program, and the project-based rental assistance program.” As a result of HOTMA, the Congressional Budget Office (CBO) estimates that implementing this legislation would “reduce spending subject to appropriation by $311 million over the 2017-2021 period, assuming appropriations are consistent with the estimate.”

This new ruling affects several programs and institutes changes in the various programs. Some of these changes include the following topics:

  • Calculating Income
  • Income Reviews
  • Deductions for determining adjusted income are being modified
  • Eligibility Limitations
  • Project based vouchers
  • Public Housing Authorities Funds and Ownership
  • Family Unification Program
  • Homeless and Veterans Provisions
  • Utility Consumption
  • Disaster Housing Assistance Program
  • Self-Help Homeownership Opportunity Program

All housing professionals should be ready to prepare and take action now to comply with the changes. This session with fair housing expert Paul Flogstad will discuss in detail the HOTMA program and its impact.

Session Highlights

  • What is the HOTMA Program?
  • Who is covered?
  • What programs does it cover?
  • What changes are necessary?
  • When do they take effect?

Who should attend?

  • Property Owners
  • Property Managers
  • Leasing Agents
  • Housing Authority Staff
  • Municipal Building Services Staff
 
 

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