Impact of HOTMA on Mixed-Income LIHTC Properties

by mcsadmin | Nov 24, 2024 | LIHTC

IntroductionThe Housing Opportunity Through Modernization Act (HOTMA) significantly impacts Low-Income Housing Tax Credit (LIHTC) properties, particularly those with mixed-income residents. Understanding the implications of HOTMA for mixed-income LIHTC properties is...

HOTMA and Tenant Eligibility for LIHTC Properties: What You Need to Know

by mcsadmin | Nov 12, 2024 | HOTMA

IntroductionUnderstanding tenant eligibility for Low-Income Housing Tax Credit (LIHTC) properties is crucial for property managers and owners. The Housing Opportunity Through Modernization Act (HOTMA) has brought significant changes to tenant eligibility criteria,...

Understanding HOTMA and Its Impact on LIHTC Properties

by mcsadmin | Nov 8, 2024 | LIHTC

IntroductionIn an effort to modernize affordable housing and improve access to resources for low-income Americans, the U.S. Department of Housing and Urban Development (HUD) introduced the Housing Opportunity Through Modernization Act (HOTMA). This legislation brings...

Key HOTMA Compliance Changes for LIHTC Property Managers

by mcsadmin | Nov 2, 2024 | LIHTC

IntroductionWith the recent Housing Opportunity Through Modernization Act (HOTMA) updates, property managers handling Low-Income Housing Tax Credit (LIHTC) properties are experiencing new regulations that reshape tenant eligibility, income verification, and compliance...

How Rapid Rehousing Helps Combat Homelessness And Supports Prevention Efforts

by mcsadmin | Sep 29, 2024 | Affordable Housing

Homelessness continues to be a pressing issue for many communities. Fortunately, homeless prevention and rapid rehousing programs offer vital support, helping individuals and families transition from shelters into stable housing. Midtown Builders is committed to this...