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The National Housing & Rehabilitation Association August Issue of includes an article written by CEO Jeffrey Promnitz on and it is intended for decision-makers that oversee housing . It can also serve as a primer for curious minds. The article is an explainer of HOTMA’s significance by presenting important changes (such as income, assets, streamlining...) and training suggestions to consider for your teams.

HOTMA Compliance for the Discerning Stakeholder The last scalable change to the Department of Housing and Urban Development’s program compliance was around the time of America’s bicentennial. It’s certainly a different world today. And you’re not alone in wanting to understand its impact.

Zeffert & Associates has several new positions open for hire.

Rural Development announced a new ' authority' granted under the Consolidated Appropriations Act of 2024. is that it allows for continued rental assistance (RA) beyond Section 514/515 loan maturity. wants feedback and you can join at the link below. Highlights include:

Preservation of Affordable Housing: Previously, when a loan on a multifamily housing project matured, the project would lose its eligibility for rental assistance. Decoupling allows owners to continue receiving rental assistance if they agree to keep the housing affordable.

Rehabilitation and Investment: With continued rental assistance, properties could be more likely to receive timely improvements and maintenance. It also opens the door for additional financing from other sources for more extensive rehabilitation.

Limited in Scope (for now): The decoupling authority is currently limited to 1,000 units and applies only to loans maturing in Fiscal Year 2024. This is a pilot program, and its success will determine if it's expanded in the future.

https://www.zoomgov.com/webinar/register/WN_kLj-3XVLRRGjWRO7PRYf3w #/registration

www.zoomgov.com

is that "cap-on-cap" was the hyphenated word of the day on income limits for , , and other programs relying on methodology each year because now income limit increases are capped at 10% even if twice the change in national median income is greater than 10%.

Confused? Just stick to the limits.

Income Limits | HUD USER Secure .gov websites use HTTPS A lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

is that HOTMA mandates retroactive rents are to be applied to the first of the month following the date of income change, no matter how far back that goes, provided the resident complied with the owner’s request to conduct the certification.

https://content.govdelivery.com/accounts/USHUDFHA/bulletins/39278b2

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...see you there!

Zeffert & Associates and CEO Jeffrey Promnitz, thank you for your generous support of Housing Credit Connect 2024! attendees, learn more about our Diamond Sponsor and "meet" the Zeffert team before you arrive in Atlanta at https://bit.ly/49TkeDd.

Meet Mandi Lewis, Director of Zeffert University, a Division of Zeffert & Associates, and the 2024 HCCP of the Year!