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Property Compliance News Briefs - November 2023

HUD in September published a notice providing guidance to PHAs and multifamily housing owners on implementation of provisions of the Housing Opportunity Through Modernization Act of 2016 (HOTMA). Housing Notice 2023-10 includes implementation guidance for all programs except Section 104 asset limitation–including Section 8 and Section 202. The guidance requires multifamily housing owners to update their tenant section plans and enterprise income verification policies and procedures by March 31, 2024. There is further guidance on a variety of issues, including a list of dates and tasks for owners to be in compliance through HOTMA.

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Oregon Housing and Community Services announced Sept. 25 that it would receive a six-month extension to March 28, 2024, for the low-income household water assistance program. The program, which previously expired Sept. 30, is a $13.8 million chunk of the federal Consolidated Appropriations Act of 2021 to help low-income Oregonians with high water cost burdens.

Journal Category:

Property Compliance

Authors:

Novogradac

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