HUD issued the final rule regarding HOTMA on Feb 14, 2023: Federal Register 6057-F-03. On Sept. 29, 2023, HUD published the Implementation Notice PIH2023-17 which contains implementation guidance for Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA).
With the exception of a few very specific provisions, HOTMA’s changes will be effective Jan. 1, 2024. All programs are required to be fully compliant by Jan. 1, 2025, but until then, they must be “as compliant as possible”. HUD has stated that any HOTMA related errors noted during an audit found in 2024 will be noted as observations with corrective actions.
The Arizona Department of Housing (ADOH) strongly encourages Owners/Agents to prepare now for the HOTMA implementation that will start Jan. 1, 2024, and continue until the full compliance deadline of January 1, 2025.
Download Information Bulletin 56-23 on the Publications page for more information.