HOUSING OPPORTUNITY THROUGH MODERNIZATION ACT (HOTMA)
HOTMA
Resident Training
What Does it Mean for Me?
Part 1 • Income and Reviews
This training is for public housing residents and Housing Choice Voucher Program participants and Housing Choice Voucher Program participants (Section 8) how the new HUD rules from HOTMA ay affect their family rent and tenancy. The training is broken into four chapters.
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1
Background -
2
Income calculations -
3
Interim Reexaminations -
4
Additional Resources
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WHAT DOES IT MEAN FOR ME?
PART 1: INCOME AND REVIEWS
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UPDATE on HOTMA:
PIH 2024-38
This Notice explains which income and asset requirements from Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA) Public Housing Agencies (PHAs) must follow by July 1, 2025. Read the notice: PIH 2024-38
Impact on Participants:
If you receive housing assistance from a PHA, you may notice changes in how your income and assets are verified. This could mean new or updated documentation requirements and adjustments to eligibility determinations designed to streamline and modernize the process.
PIH 2023-27
This Notice provides guidance for Public Housing Agencies (PHAs) and Multifamily Housing (MFH) Owners on implementing the program changes introduced by Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA). These changes were detailed in the final rule published in Federal Register Notice 88 FR 9600 on February 14, 2023. Although that final rule covers Sections 102, 103, and 104, this Notice focuses only on Sections 102 and 104. Read the notice: PIH 2023-27
Impact on Participants:
For those receiving housing assistance, these changes could affect how your eligibility is determined. You might be asked to provide updated income or asset information, and the criteria used to review your case could change, helping to ensure a fairer and more efficient process.
About HOTMA: Published on February 14, 2023, HOTMA Final Income Rule updated HUD regulations for various programs specific to the criteria of reviewing the income and assets of HUD assisted families. Some updates include changes to the methods for calculating family income, revising the definition of income and adjusted income, and putting a limit on public housing tenancy. The HOTMA income and asset requirements also set a limit on the amount and type of assets that assisted families may have, revised the definition of net family assets, and required that applicants for and recipients of assistance provide authorization to Public Housing Agencies (PHAs) to obtain financial records.
What Does it Mean for Me?
Part 2 • Asset and Real Property Limitations
This training is for public housing residents and Housing Choice Voucher Program participants. This training will explain to public housing residents and housing choice Voucher Program participants (Section 8) how the new HUD rules from HOTMA related to asset and real property limitations may affect their tenancy. the training is broken into 5-five chapters.
View the Webinar in English
WHAT DOES IT MEAN FOR ME?
PART 2: ASSET AND REAL PROPERTY LIMITATIONS
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1
Overview -
2
How PHAs can apply the new rules -
3
Asset limitation -
4
Real property limitation -
5
Related resources for residents
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Resident Resources
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Asset and Real Property Limitations
This resource provides information for residents on the new rules, and exceptions, limiting assets and real property for families participating in the HCV program (Section 8).
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Health, Medical, and Childcare Deductions
This resource provides information for residents on the new rules, and exceptions, limiting assets and real property for families participating in the HCV program (Section 8).
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Income Calculation and Reviews
This resource provides information for residents on the new rules, and exceptions, limiting assets and real property for families participating in the HCV program (Section 8).
Resident Worksheets
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Asset and Real Property Limitations
This resource provides information for residents on the new rules, and exceptions, limiting assets and real property for families participating in the HCV program (Section 8).
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Interim Reviews
This resource provides information for residents on the new rules, and exceptions, limiting assets and real property for families participating in the HCV program (Section 8).
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Student Financial Aid
This resource provides information for residents on the new rules, and exceptions, limiting assets and real property for families participating in the HCV program (Section 8).
