Rural Development – HOTMA Unnumbered Letter

CARH’s BROADCAST EMAIL—Regulatory Alert  August 22, 2024 Today, Rural Development published an Unnumbered Letter (UL) dated August 19, 2024, entitled, “Housing Opportunity Through Modernization Act (HOTMA).” The UL provides an overview of HOTMA tenant income and asset calculation changes and the projected timeline for those changes. Effective January 1, 2025, all tenant certifications must implement…