On September 17, 2019, HUD published a proposed rule regarding HOTMA or the Housing Opportunity Through Modernization Act of 2016 and are looking for comments by November 19, 2019. The proposed rule discusses how the HOTMA changes indicated in Section 102, 103 & 104 should be implemented. These sections focus on…
- Section 102: Income reviews in HUD’s public housing and Section 8 programs specifically the frequency of income reviews and the calculation of income and adjusted income.
- Section 103: Income limitations in public housing for households whose income has exceed 120% of AMGI for 2 consecutive years.
- Section 104: Maximum limits on assets for household residing in public housing and Section 8 assisted housing.