The 123 from DHG

There's so much information to keep track of in the affordable housing industry. Let us help you break it down with three key things happening in the industry and within our company.

HUD recently announced that Multifamily owners can implement HOTMA regulations in stages during 2024. What does this mean? It is not necessarily a simple, short answer.

The Final Rule’s effective date remains January 1, 2024. However, HUD has acknowledged how significant of a program shift this will be for all stakeholders. Implementation will be an ongoing process that occurs during 2024, culminating in a final, new implementation deadline of December 31, 2024.

The first benchmark date is March 31, 2024. By March 31, 2024, Multifamily housing owners must update their Tenant Selection Plans, EIV Policies and Procedures, House Rules, and other leasing and occupancy policies to reflect HOTMA rules and discretionary policies.

We are updating our policies to reflect HOTMA changes and are offering a special HOTMA Bundle that contains all the HOTMA compliant policies you need for a flat fee. If you are interested in purchasing policies from us, don’t delay! We are satisfying orders first-in-first-out.

2: COLA Increase

Social Security beneficiaries will see a 3.2% Cost-of-Living Adjustment (COLA) in 2024. This will affect more than 71 million Americans.

Most Social Security beneficiaries will see the increase in their monthly checks starting in January, and SSI beneficiaries will see the increase in their December checks.

*BONUS* 4. A Special DHG Contribution

Let's end with some additional happy news, shall we?

Our team had a great time at the NAHMA Educational Foundation Gala last month in Washington, D.C.! We were pleased to donate over $15K to their mission of providing educational scholarships for residents of affordable housing.

We're so thankful to Jenny DeSilva who even made a gracious donation in honor of the five children of the three working moms of DeSilva Housing Group.

Finally, on behalf of our team, we wish you a very happy Thanksgiving! We are incredibly grateful for our wonderful clients and partners.