HOTMA Update
On February 28, 2024, HUD's Office of Multifamily Housing Programs published Housing Notice 2024-04 Revised Compliance Date: Updates to Tenant Selection Plan (TSP) and Enterprise Income Verification (EIV) Policies and Procedures. This notice extends the HOTMA deadline for owners to update their TSP and EIV policies from March 31, 2024, to May 31, 2024.
For information regarding HOTMA required updates for the TSP and EIV policies, please reference Housing Notice 2023-10 Implementation Guidance: Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA) and the “Multifamily Housing Programs List of Discretionary Policies to Implement HOTMA” found on HUD's HOTMA resources page to ensure compliance with HUD’s new regulations.
PLEASE NOTE: Owners must continue to follow their existing Tenant Selection Plans and EIV policies & procedures until the Owner’s software is compliant with the TRACS 203A update. HUD is currently finalizing the specifications for the TRACS 203A update.
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