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HUD Releases Further Guidance on Implementing HOTMA Regulations

Tuesday, February 6, 2024 - 1:38PM

The U.S. Department of Housing and Urban Development released further guidance this week for implementing provisions of the Housing Opportunity Through Modernization Act (HOTMA) of 2016, which was designed to streamline administration and ease the burden on public housing authorities (PHAs), private owners of affordable housing and tenants. Notice H 2023-10 makes a series of technical corrections and clarifications; confirms the effective date of Jan. 1, 2024; provides compliance dates and required actions for affordable multifamily rental housing owners, including properties financed by low-income housing tax credit (LIHTC) equity; and more.

The HOTMA regulations are the topic of Michael Novogradac’s Washington Wire column in the February Novogradac Journal of Tax Credits and of the Feb. 6 episode of the Tax Credit Tuesday podcast.

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