LeadingAge National Hosts Second HOTMA Training and Calls on HUD to Delay, Adjust Asset Limit Enforcement
On Sept. 13th, LeadingAge National hosted its second training on the Housing Opportunity Through Modernization Act (HOTMA), a major rule change for U.S. Department of Housing and Urban Development (HUD) affordable housing communities. The HOTMA 2.0 training covered implementation updates from HUD and provided technical updates from the HOTMA final rule on occupancy, including changes to asset limitations, income and exclusions, deductions, and certifications.
The training also reviewed advocacy efforts by LeadingAge to delay certain requirements under HOTMA implementation and to reinterpret other requirements relating to restrictions on eligibility for HUD assistance, including a Sept. 12th letter to HUD leadership requesting “urgent action” on HOTMA implementation. While LeadingAge appreciates that some of the changes under the new rule are intended to streamline processes at affordable housing communities, it notes that some – like new asset limits that could require spend-down to qualify for HUD rental assistance – could negatively impact residents already living in HUD-assisted communities. Therefore, the Sept. 12th letter requests three actions from HUD: correcting the agency’s interpretation of the enforcement of asset limitations, clarifying exceptions to new asset limitations based on aging-related factors, and delaying certain implementation requirements under HOTMA.
A recording of the HOTMA 2.0 training will be made available soon; visit the Learning Hub to access LeadingAge’s available training sessions on HOTMA and other affordable housing topics. LeadingAge will continue to keep members updated on the latest HOTMA implementation guidance from HUD.
Contact: Annalyse Komoroske Denio, email@example.com, 518-867-8866