HUD recently posted a notice in the Federal Register implementing income limits in public housing, as mandated by the Housing Opportunity Through Modernization Act of 2016 (HOTMA). HOTMA established that households earning 120 percent of area median income (AMI) or more for two consecutive years would be considered over-income. Once families meet this threshold, public housing authorities (PHAs) can now either charge the higher of the fair market rent for the unit/monthly subsidy or terminate the tenancy within six months. The notice finalizes how the over-income limit is determined based on HUD’s calculation of “very low-income” and informs PHAs how to begin implementing the statute. In the future, HUD is expected to issue regulations related to how a PHA determines the monthly subsidy to use in setting rents for over-income families allowed to remain in public housing, as well as guidelines for how PHAs should set policies for addressing over-income families following the two-year grace period.
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing