HUD Further Delays Compliance Date for HOTMA Income and Assets Provisions

On Wednesday, September 18, 2024, HUD announced that PHAs will not be required to be compliant with HOTMA Section 102 and 104 income and assets provisions by January 1, 2025, except for the Earned Income Disregard (EID) provisions. Although the implementation of the HOTMA Section 102 and 104 Final Rule remains in effect, these income and asset provisions of the final rule require access to new HOTMA-compliant HUD-50058 forms in the Housing Information Portal (HIP), the not-yet-released replacement for IMS/PIC. However, HIP will not be ready by January 1, 2025.

HUD plans to issue additional guidance about provisions in HOTMA Section 102 and 104 that are unrelated to income and assets soon. HUD is also referring agencies to the recently updated PIH HOTMA Implementation FAQs document for answers on which provisions may be implemented before migration to HIP, and for guidance related to updating Admission and Continued Occupancy Policies (ACOPs) and Administrative Plans.