Important Update: New HOTMA Section 102 and 104
Implementation Guidance Now Available

On February 5, 2024, HUD published a revised version of the HOTMA Implementation Notice (Notice H 2023–10/PIH 2023–27). Changes from the previous version are described in Section 2.1 of the revised Notice, which provides updates, clarifications, and corrections based on industry feedback.

Click here to learn more.

HUD Issues a New List on HOTMA Income Exclusions

Click here to view the notice on the update to the list of income and asset sources required by Federal law to be excluded from consideration in HUD programs.

Annual TRAC Access/Recertification/Information Security Training

HUD encourages owners and agents of project-based rental assistance programs to read the newly updated guide “TRACS External Users Access/User Recertification/Security/Awareness Training Requirements – Revised February 5, 2024."

The guide contains instructions on how to register new TRACS users, how existing users can recertify and instructions to complete annual security training.

Please note, recertification for current users must be completed by March 14, 2024.

Upcoming MORs: Updated TSP and EIV Policies and Procedures

For PBCA management and occupancy reviews (MORs), RIHousing will be looking for and reviewing updated tenant selection plans (TSP) and enterprise income verification (EIV) policies and procedures effective April 1, 2024 that include the HOTMA updates.

These policies must be written even if not implemented yet.

NHLA Education Fund - Now Accepting Applications

The National Leased Housing Association (NLHA) is accepting applications for the NLHA Education Fund scholarships program.

Scholarships are awarded to low-income individuals residing in federally assisted rental housing owned, managed, or administered by members of the National Leased Housing Association. Applications are due on April 12, 2024.

For more information on the scholarships, eligibility and more visit the NLHA Education fund website. 

Click here to download a PDF flyer to share with your residents.

Reminders:

• Find RIHousing's new waitlist policy here.
• Find RIHousing’s 2024 Utility Allowances (UA) here.
• Effective January 1, 2024, all physical inspections conducted at Low-Income Housing Tax Credit (LIHTC) projects will be conducted in accordance with the new NSPIRE protocol.
• HOTMA – find training and ensure you and your staff are ready for all of HUD’s changes.
• NSPIRE – find training and ensure you and your staff are ready for the new inspection standards.

We'd love to hear from you!

To provide suggestions for information you would you like to see in future Property Matters E-News, please email Kathy Millerick at kmillerick@rihousing.com.