Below is the transcript for the video:

(0:00) Oh, isn't this just so exciting? Hot month's 2026. Hello and welcome to today's Tuesday tip. As we were getting ready to record this, we got some good news. Navigate received HUD notice H2025-03 which was issued May the 29th 2025 extending the HOTMA implementation date to 1/1/2026. However, we want to say that your HOTMA information has to still coincide with your tenant selection plan and your EIV policies and procedures. Those were due March the 1st, 2025. So, you still have to have the tenant selection plan and the EIV policies and procedures updated with your HOTMA information. With the absence of those two documents, you will receive a finding. So, don't get that confused with the date being pushed back. We're still going to look at the tenant selection plan. We're still going to look at the EIV policies and procedures. 

(1:15) With that being said, take a break. Other HOTMA related implementation questions might be, well, what happens if we've already implemented HOTMA? If you've already implemented and you have already processed ARS effective in 2024 and 2025, we have yet to look and see that it meets your tenant selection plan criteria. I had a call a few minutes ago. The lady said, "Well, we've changed our medical information." If you've changed anything to implement any part of HOTMA, even though the implementation date has been moved back to January 1 of 2026, you have to have that information written in your tenant selection plan. So, don't forget that. If you don't have it in your tenant selection plan, you will receive a finding. Also, it needs to be in the residence file. Any portions of HOTMA that you have implemented needs to appear in your resident file. And it needs to tell what part of the notice that you are using so that the reviewer can clearly understand what you're doing and why you're doing it. Isn't this just so exciting? That was 2026. However, owners who implement any portion, don't forget that you've got to have it in those two places. And with the release of tracks 203A, we're looking to see that you have implemented those portions.

(2:55) Also, I just want to remind everyone that HOTMA is coming, but we also have some changes in our department. So remember that HUD is in a transitional period and if you have any questions, you need to try to reach your HUD ed. So if you have any type of questions about the HOTMA being extended or receiving a finding out of HOTMA, we'll try to help you. But always reach out to your HUD ed also. And they have published a list of names in some of the HUD states. So remember that. 

(3:31) Also, I just want to remind you that next we will talk about forms. We don't have a HOTMA lease yet. We don't have a lot of the HOTMA forms. You remember the 9834 has to be rewritten. The 9887 and the 9887A were put out there for questions. So, we're still waiting on a lot of forms in order for us to implement HOPMA fully. With that being said, there are some forms that HUD has released. They have updated the VAWA forms. The forms that have been updated include the 5380 which is a notice of occupancy rights under the Violence Against Women's Act, the 5381 which is the model emergency transfer plan for victims of domestic violence, dating violence, sexual assault and stalking. They have released a revised HUD 5382 which is a certification of domestic violence, sexual assault and stalking and an alternative document, the HUD 5383 emergency transfer request for certain victims of domestic violence, sexual assault, and stalking has been released. Remember also that there's a 5384, but one of the newest ones would be the HUD 5384, which is the VA emergency transfer data collection form. This time they gave us a form that they'd like for us to use. Remember also that on the 5380 and the 5382, you're to give those forms at move in to your new move ins. Also remember that the 5380 and the 5382 are to be a part of your rejection letter. We will be looking for these new forms or revised forms as soon as HOTMA is implemented. HUD updates to the forms offer a clear language much clearer stronger confidentiality measures and a new data collection component. So, that form is really going to help. The forms now expire January the 31st of 2028. So, if you have some forms and you're wondering, is this a revised form or is it not? If it doesn't have a revision date of January the 31st, 2028, then it is not the latest revised form. So they will implement these forms along with everything else on our new HOTMA deadline of January 1, 2026. The previous forms have been removed from the site if you need copies of the forms. Our marketing department is putting it out there on the Navigate web page. 

(6:29) And the next FYI for us is that January through this month I have been out in the field. While I was out in the field working, I noticed that there are some owners and agents who have not updated the cola as soon as they could or haven't done it at all. Remember that HOTMA did give us one good thing and that's that as soon as social security announces and they usually announce it annually in October the COLA amount you can begin to use that COLA amount to figure the income for your residents that are receiving social security and SSI benefits. And with that in mind, since we have to send a 120day letter to the residents, you will have plenty of time to calculate their income. The new HOTMA requirements are effected the day after Social Security Administrations announce the COLA. You're required to factor in that COLA amount. And those instructions are in the HUD handbook. So, you can always look in the HUD handbook and the 2025 COLA amount or percentage is 2.5%. I am just so excited about the time that we have to get HOTMA correct to be able to learn and process the new HOTMA rules. We will have more HOTMA questions and if you have questions for us, just send them to us. And thank you for watching Tuesday tips. See you next Tuesday.