Corrected HOME Program Income and Rent limits

Effective June 1, 2024

A corrected version of HOME Program income limits are now available on HUD's website. To view them, please use the links:

• HOME Income limits
• HOME Rent limits

For more information on the HOME Program, click here to sign up for the HUD Exchange Mailing List.

New HOTMA Training Videos 

HUD has provided 3 HOTMA training videos, available on HUD's Multifamily HOTMA website:

• Implementation Overview
• Net Family Assets
• Determining Income

More videos will be released in May and June, so please come back to this site for future updates:

• Mandatory Deductions & Hardships – May 31, 2024
• Annual Reexaminations – May 31, 2024
• Verifications & Other Related Topics – May 31, 2024
• Interim Reexaminations – May 31, 2024
• Asset Limitation – June 14, 2024

If you have questions about HOTMA training and resources, please contact:  mfh_hotma@hud.gov

Important Information from Our

Multilfamily Financial Assets Department 

Audited Financial Statements are due within 90 days of the fiscal year end. If an extension of time is needed, please contact Susan Halloran at shalloran@rihousing.com.

Reminders:

• Property Contact Information: Please ensure your property’s contact information is always current and accurate – our new form allows property management to update information themselves. If you need to update your information, please visit this link.

We'd love to hear from you!

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