The Housing Opportunities Through Modernization Act (HOTMA) poses the most significant changes to affordable housing in decades, including the Low-Income Housing Tax Credit (LIHTC) program. While some State Housing Credit Agencies have updated their policies and forms...
The U.S. Department of Housing and Urban Development (HUD) has released the inflation-adjusted values and the revised passbook rate for 2025. These adjustments are effective from January 1, 2025, and are essential for compliance with Sections 102 and 104 of the...
NCHM staff recently reached out to IRS officials for guidance on how the agency will handle the Housing Opportunities Through Modernization Act (HOTMA) Final Rule provisions recently issued by HUD with respect to their impact on the Low-Income Housing Tax Credit...
On January 31, 2023, HUD published the Housing Opportunities Through Modernization Act (HOTMA) Final Rule, in a preview version, as its first step in implementing many sweeping changes to HUD programs. HOTMA was passed on July 29, 2016, and is aimed at modernizing...
