On October 24, HUD will issue in the Federal Register the initial implementation guidance for the Housing Opportunities Through Modernization Act (HOTMA). HOTMA was signed into law by President Obama on July 29 after being passed unanimously by Congress. HOMTA provides updates and improvements to multiple HUD programs. HUD’s initial implementation guidance informs the public of which statutory provisions are effective immediately and which will require further action by HUD.
The initial implementation guidance includes information on provisions that went into effect immediately upon enactment of the law, provisions which will require either guidance or rulemaking, provisions that require new regulations, and provisions that require HUD to provide PHAs with more information before implementation.
NAHRO’s in-depth summary of HOTMA can be located here (members only).