HUD HOTMA Update
Housing Opportunity Through Modernization Act of 2016 (HOTMA)
HUD has issued PIH Notice 2023-27 (published September 29, 2023) which provides further guidance on Section 102 (Income Reviews) and Section 104 (Asset Limits) of the Housing Opportunity Through Modernization Act of 2016 (HOTMA).
Urlaub Housing Software is working on implementing the changes related to HOTMA. However, these HOTMA changes are not captured on the current 50058 form or the current PIC system. Instead, the new 50058 form which incorporates these HOTMA changes will be available in the Housing Information Portal (HIP) system that will replace the current PIC system. At this time, the word from HUD is that the date for full implementation of HOTMA Sections 102 and 104 is January 1, 2024…but stay tuned for further updates.