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09/24/2024

HUD Extends HOTMA Implementation Date

By A.J. Johnson

On September 24, 2024, the HUD Office of Multifamily Housing (MFH) published Housing Notice H 2024-09, extending the date that Owners must fully comply with the HOTMA final regulations to July 1, 2025. MFH will soon release a series of FAQs to address questions relating to HOTMA implementation thoroughly.

HUD is developing and publishing a series of forms, including the 50059 and Model Leases, to reflect HOTMA requirements. These forms will be available for public comment before they are finalized for use.

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