News | HUD Issues Notice on HOTMA for HOME, NHTF
Dec 30, 2024
HUD has released a Notice for HOTMA as it relates to HOME, the NHTF and other HUD CPD programs. The Notice is HERE.
Highlights include:
- The Notice allows HOMTA to be applied any time from 1/01/2024 to 1/01/2026.
- The use of PHA verification, which will be required once HOTMA is applied, may be instituted earlier than the rest of HOTMA.
This is frankly the last piece of guidance that the industry needed. The final barrier to implementation will fall when HUD MFH programs, like PBRA Section 8, are able to implement HOTMA with TRACS 203A, new model leases, and forms. At that point, most participants in the programs affected by HOTMA will move to implement HOTMA, if they have not already done so.
Are you looking for excellent HOTMA training that is an amazing combination of online on-demand and live sessions? Our next 12-week class will start in March and the waitlist to get information for this Spring session is now open.
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There is a very good chance that the topic of this post is covered in an online on-demand course at Costello University.
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