NAHMA HUD Update: HOTMA Final Rule Compliance Date Extended to January 1, 2026May 30, 2025 Dear NAHMA Members – Please review the HUD-MFH update below about the HOTMA Final Rule Compliance Date Extended (notice is also attached). Having trouble viewing this email? View it as a Web page.
HOTMA Final Rule Compliance Date ExtendedToday, the Office of Multifamily Housing Programs published a Housing Notice extending the Housing Opportunity Through Modernization Act of 2016 (HOTMA) compliance date from July 1, 2025, to January 1, 2026, for all owners participating in HUD Multifamily project-based rental assistance programs. Full compliance with the HOTMA final rule and discretionary policies is mandatory for all certifications with a January 1, 2026, date or later. Owners may become fully compliant with HOTMA rules and regulations prior to January 1, 2026, by using the rent override function in the Tenant Rental Assistance Certification System (TRACS). Owners should continue to follow their existing Tenant Selection Plans (TSP) and Enterprise Income Verification (EIV) policies and procedures until they are fully compliant with HOTMA. For questions regarding this notice please contact [email protected]. |
