We're committed to keeping you informed about the latest developments regarding the Housing Opportunity Through Modernization Act (HOTMA) and TRACS 2.0.3.A.
On Friday, September 20, 2024, HUD issued Notice H 2024-09 (Notice H 2024-09) extending the compliance date, by which Multifamily Housing (MFH) Owners must be in full compliance with the HOTMA final rule, to July 1, 2025. Previously, HUD Notice H 2023-10, Section 6.2 of “Implementation Guidance: Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA)” established a compliance date of January 1, 2025.
The Notice does not specify the delivery date of final requirements for TRACS 2.0.3.A.
As a OneSite® customer, below are some updates to keep in mind:
- OneSite Affordable has been updated to meet the defined requirements of TRACS 2.0.3.A/HOTMA and is prepared to implement these changes. Our product management team is actively monitoring updates to ensure we can quickly apply any final adjustments required by HUD.
- For customers using OneSite Tax Credits, HOTMA rules have been enabled for all Tax Credit programs. OneSite is being updated with new HOTMA-supported TICs as they become available from state agencies.
- RealPage is set to release updates in line with HUD's deadlines and Rural Development, Public, and Indian Housing systems.
We will continue to provide updates and appreciate your ongoing support.
Status of State Housing Agencies that have issued HOTMA supported Tenant Income Certification forms
State
Description
Updated in OneSite
Alabama
Alabama Tenant Income Certification
Alaska
Alaska Tenant Income Certification
Arizona
Arizona Tenant Income Certification
Arkansas
Arkansas Tenant Income Certification *
Colorado
Colorado Tenant Income Certification
Coming Soon
Connecticut
Connecticut Tenant Income Certification
Delaware
Spectrum Federal Income Certification
Hawaii
Spectrum Federal Income Certification
Indiana
Indiana Tenant Income Certification
Kansas
Kansas Tenant Income Certification
Kentucky
Kentucky Tenant Income Certification
Massachusetts
Spectrum Federal Income Certification
Michigan
Michigan Tenant Income Certification
Mississippi
Mississippi Tenant Income Certification*
Missouri
MHDC - Exhibit B
Montana
Montana Tenant Income Certification
Coming Soon
Spectrum
Spectrum Federal Income Certification
Texas
Texas Income Certification
Utah
Utah Tenant Income Certification
Virginia
Virginia Tenant Income Certification
West Virginia
Spectrum Federal Income Certification
Wisconsin
Wisconsin Tenant Income Certification
Coming Soon
Please note that some States have released new TICs to update the Passbook rate but are not yet supporting full HOTMA rules. These are indicated with an *.
This information is continuously evolving. Please check back for updates.
For additional information on HOTMA please visit:
https://www.hud.gov/program_offices/housing/mfh/hotma
Questions on compliance for Multifamily can be sent to MFH_HOTMA@hud.gov.