HUD Publishes Updated FAQ on HOTMA Implementation

Get up to speed before the compliance date .... HUD’s Office of Multifamily Programs recently released a series of frequently asked questions (FAQ) concerning the implementation of provisions of the Housing Opportunity Through Modernization Act (HOTMA) of 2016. The FAQ includes information on the phased-in medical hardship relief provision as detailed in the HOTMA final rule, HOTMA-compliant Tenant Selections Plans at Management and Occupancy Reviews, and use of the rent override function in TRACS 202D up until the updated certification system becomes operational.