The Housing Opportunities Through the
Modernization ACT (HOTMA) became effective
January 1, 2024 with a grace period for
implementation until January 1, 2025. Many
Tax Credit programs have adopted HOTMA in
2024 as well as some HOME and Trust Fund.
Rural Development will be adopting the
allowance in late 2024. Most other programs
will wait until 1/1/25 to comply. This one day
class will discuss all the regulations that will
continue, expire, and change under HOTMA.
