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HUD Publishes "Housing Opportunity Through Modernization Act" Rule for Comment

On Sept. 17, 2019, the U.S. Department of Housing and Urban Development (HUD) published a proposed rule entitled "Housing Opportunity Through Modernization Act of 2016: Implementation of Sections 102, 103, and 104." Generally referred to as "HOTMA," the proposed rule signals a major step toward long-awaited implementation of certification burden-reducing changes to verification thresholds for calculating income from assets, medical expense deductions, upfront elderly allowances, and more.

Comments are due by Nov. 18th and may be submitted either through the Federal eRulemaking Portal or by mail to:

Regulations Division

Office of General Counsel

Department of Housing and Urban Development

451 7th Street SW, Room 10276

Washington, DC 20410-0500.

Further details on the proposed rule may be found here or by contacting HOTMAquestions@hud.gov or Kate Nzive, Director, Assisted Housing Oversight Division, Office of Multifamily Housing.

Any questions may be directed to Sara Neitzel or Linda Couch.

Contact: Sara Neitzel, sneitzel@leadingageny.org, 518-867-8835