On December 6, 2024, the Office of Multifamily Housing Programs published a series of Frequently Asked Questions (FAQs) regarding the implementation of the Housing Opportunity Through Modernization Act of 2016 (HOTMA). The guidance includes information on the phase-in hardship relief provision as detailed in the HOTMA Final Rule, HOTMA-compliant Tenant Selection Plans at Management and Occupancy Reviews, and use of the rent override function in TRACS 202D up until the newly established July 1, 2025 compliance date.
The FAQs can be found HERE.