So for agencies that are not yet complying with like sections 102 and 104 of HOTMA, how do they prepare for these changes?

Vickie Bell (10:59.83)
Hmm, well, the best thing is that Navigate is suggesting that they don't do anything until HUD is ready. And when I say they don't do anything until HUD is ready, and when I say HUD is ready, that means until they're on the 203A software and TRACS is receiving it.

Ebony Hall (11:11.594)
Say that again.

Ebony Hall (11:25.32)
Mm-hmm.

Vickie Bell (11:25.716)
and they have gotten with their software provider and they've run one or two tests and it's going through smoothly. I also would like to remind them, as I just said, there are documents that we have not gotten yet. There are documents that we have gotten that HUD has asked the industry to make comments on. So it was out for public review and public comment.

and that comment period closed the end of November. So once HUD reads this, then we have to see what type of changes they will make to those drafted documents and what they suggest. So in other words, practice a little bit on paper, but sit still.

Ebony Hall (12:15.996)
Mm-hmm. Yeah, because that could create a lot of headaches. You're trying to implement it before time.

Vickie Bell (12:21.12)
It could. And a lot of backtracking. For instance, we've received vouchers that are just failing the TRACS system because the software won't handle the figures that are being sent to us on the five nines. So we all have to work this together. And I know it's been a long 2024.

Ebony Hall (12:24.97)
Mm-hmm.

Vickie Bell (12:48.27)
It's a long way from January 1, 2024 when it was supposed to be implemented to July 1, 2025. But we want to get it right. And we don't want to do a lot of backpedaling. So just be patient. Just get together on your terms. Know what you're supposed to do. And as soon as that software is ready, then you will be able to do it. Remember that the software is going to do a lot of the heavy lifting for the owners and agents.