HUD Proposed Rule on HOTMA Provisions

Last month, HUD published in the Federal Register a proposed rule for the Housing Opportunity Through Modernization Act of 2016 (HOTMA). The proposed rule alters the United States Housing Act of 1937, including changing requirements pertaining to income reviews for public housing and HUD’s Section 8 program and setting maximum limits on assets allowed for families in public housing and in Section 8-assisted housing. For consistency, other HUD programs that have adopted regulations of programs that are based on stautory provisions amended by the proposed rule would also change. These include the HOME Investment Partnership Program, the National Housing Trust Fund, and Housing Opportunities for Persons With AIDS program. Comments on the proposed rule are due by November 18.

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