January 2025 HOTMA Check-In: The new year is here and so is a new HOTMA Implementation deadline from The Department of Housing and Urban Development.
In this week’s #TuesdayTip, Corporate Trainer Pam K. Dives into where the implementation process stands right now.
January 2025 HOTMA Update
The implementation date for the Housing Opportunity Through Modernization Act (HOTMA) has been updated to July 1, 2025. This change provides property owners and managers additional time to prepare for compliance with the new requirements. Below are key steps to ensure a smooth transition:
Stay Updated
Keep track of updates and final guidance by subscribing to HUD’s mailing lists and engaging with professional housing organizations. This will help you stay informed about any changes or clarifications.
Update EIV Policies and Tenant Selection Plans
EIV (Enterprise Income Verification) policies and tenant selection plans must be revised by May 2024. Early preparation is crucial to avoid last-minute compliance issues.
Prioritize Staff Training
Training staff responsible for HOTMA-related tasks is essential. However, Navigate recommends waiting for final guidance from HUD before initiating training programs.
Document Early Changes
If you choose to implement changes before the effective date, thorough documentation is critical. This ensures transparency and compliance during audits or reviews.
Adopt a Communication Plan
A clear communication plan for residents is necessary to explain how these changes might affect them. Transparent communication builds trust and minimizes confusion.
Prepare All Forms
Ensure that all relevant forms and documentation are updated and ready for use by the implementation date.
The January 2025 HOTMA Recommendation from Navigate Affordable Housing Partners is to wait until the effective date to implement changes unless otherwise directed. With proper planning, communication, and training, housing professionals can ensure compliance with HOTMA requirements while maintaining high standards of service.
