Are you ready for the changes?
The Housing Opportunity through Modernization Act of 2016 (HOTMA) came into existence when it was signed into law on July 29, 2016. HOTMA introduced several modifications to Sections 3, 8, and 16 of the United States Housing Act of 1937 (1937 Act), incorporating changes notably related to income calculation and reviews.
Fast forward to September 17, 2019, HUD proposed executing Sections 102, 103, and 104. However, it is important to note that only Sections 102 and 104 are relevant to the Multifamily Housing programs.
We have made accessing these resources as simple as possible. Direct links to all documents and training materials are provided, allowing for quick and easy access to these crucial resources.
HOTMA Tuesday Tips
Watch Navigate’s latest videos about HOTMA.
Documents for Multifamily Housing
If you have a question, please send it to MFH_HOTMA@hud.gov.
The Office of Multifamily Housing has plans in motion to update the Tenant Rental Assistance Certification System (TRACS), along with several HUD forms regularly utilized by owners/agents and HUD itself. These include forms such as HUD-50059, HUD-50059A, HUD-9887/9887A, HUD-9834, and Model Leases, among others. These updates will align these systems and documents with the requirements set forth by the Housing Opportunity Through Modernization Act (HOTMA). Visit the TRACS page.
HUD Documents for Public/Indian Housing
If you have a question, please send it to HOTMAquestions@hud.gov.
Statute and Initial Implementation Guidance
Sections 102, 103, 104 – Income and Assets
Sections 101, 105, 106, 112
HUD has published several videos on HOTMA. Visit their channel by clicking the button on the left.