HUD Posts Final HOTMA Rule on Reexaminations, Over-income Households, and Asset Limits

The Department has posted a final rule implementing changes that will affect how PHAs conduct reexaminations, interact with over-income households, and handle asset limits. The rule would implement sections 102, 103, and 104 of the Housing Opportunity Through Modernization Act of 2016. The rule primarily affects the Public Housing, Housing Choice Voucher, and Project-based Rental Assistance programs. It also impacts certain other community development programs in order to align certain program requirements and definitions between programs. These other programs include Community Development Block Grants; HOME Investment Partnerships; the Housing Trust Fund; Housing Opportunities for Persons with Disabilities, Supportive Housing for the Elderly (Section 202), and Supportive Housing for Persons with Disabilities (Section 811). While not applicable to all sections of the rule, much of it has an effective date of January 1, 2024.

NAHRO will provide its members with additional information on the new rule in the near future.

A one-page fact sheet on the rule can be found here.

The HUD website for the rule can be found here.

The pre-publication copy of the final rule can be found here.