HUD recently announced that the HOTMA Final Rule’s effective date for Multifamily Programs remains January 1, 2024. However, HUD has acknowledged how substantial of a program shift this will be for all stakeholders, as it will impact everyday interviewing, recertifying, and rent calculation tasks performed by site staff. Therefore, implementation will be an ongoing process that occurs during 2024, culminating in a final new implementation deadline of December 31, 2024.
HOTMA, the Housing Opportunity Through Modernization Act, is intended to minimize administrative burdens associated with (re)certifying households and to ensure limited rental assistance funds are appropriately spent housing families that need it most. To achieve these goals, HUD introduced the most comprehensive changes to occupancy requirements that the industry has seen in several decades. Whether owners have five or 500 HUD units, they must correctly incorporate applicable HOTMA requirements and train staff on these crucial operational changes.
As site level staff work to incorporate HOTMA regulations at their property, here are 4 key themes to remember that will aid in making your HOTMA implementation organized and successful:
Piecemeal notifications on singular, focused topics will likely be more easily understood than a lengthy memo or newsletter with an overwhelming number of changes presented simultaneously. And don’t forget – federal law requires housing professionals provide equal access and effective communication to all applicants/residents. You’ll need to ensure you include those that require accommodations for disabilities or have limited English proficiency.
"The first step toward change is awareness. The second step is acceptance." - Nathaniel Branden
Change can be as scary as it is necessary. Knowledge is power. Being informed about industry changes as significant as HOTMA positions owners to educate their resident populations about how these changes impact their lives. If you need assistance, don’t hesitate to reach out to our team; we have customized policies with HOTMA updates to help make your adaptation to these new leasing practices smooth and efficient.
Successful implementation of HOTMA changes is achievable. Are you ready to be part of the team that gets it done?
Jenny DeSilva is the President and CEO of DeSilva Housing Group and has nearly 25 years of experience in affordable housing. She is a recognized industry compliance expert with extensive consulting and training knowledge in HUD's Multifamily Housing programs.
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