HOTMA- The Housing Opportunity Through Modernization Act of 2016 has many sweeping changes particularly those affecting family income calculations and reviews. Due to significant program and systems changes that have not been complete by HUD and software companies the implementation date for specific HOTMA provisions deadline for PHA's has been moved to July 1, 2025. Letters have been mailed to all participants. More information can be obtained on HUD's Website. HOTMA HUD EXCHANGE. The Lawrence County Public Housing Agency has printouts on this subject.
MAJOR CHANGES:
The PHA must deny admission of an applicant family for the following:
- Net family assets that exceed $100,000 (adjusted for inflation)
- If the family has a present ownership interest in, a legal right to reside in, and the effective legal authority to sell the real property that is suitable for occupancy by the family as a residence.
Childcare expense will no longer be available for families seeking employment. They must be working or attending school.
Deductions for elderly families will increase to $525.00 (adjusted for inflation)
INTERIM REEXAMS
Interim reexams will be conducted when a family member has permanently moved in or out of the unit or when the family's adjusted income will decrease or increase by 10%.
ASSETS
The PHA Will allow families to make self-certification on their family assets that are equal to or less than $50,000. The assets will be verified initially and every three years.