Sr. No
Name of State
Questions
Answer
Implementation Permitted on 1/1/2024?
Yes
If yes, list revised forms:
PENDING
Adopt all newly defined income exclusions?
Yes
Have state required forms been revised?
PENDING
Exclude non-necessary personal property with a combined value of $50,000 or less?
Yes
Comments:
None
Adopt new guidance regarding financial assistance (assess for all households)?
Yes
List here any HOTMA policies that will NOT be implemented:
2 pay stubs unclear. Still require documentation of efforts to get an EV first.
Implementation Permitted on 1/1/2024?
Yes
Calculate child support based on payments received?
Yes
Allow use of "Current" value for checking accounts?
Yes
Allow use of 2 pay stubs?
PENDING-AHFC is still determining if we will allow the transition to source documentation over third party verification (which is the current requirement for LIHTC developments). If we do move to source documentation though we would require that it comply with the HOME program requirements (which requires two consecutive months of pay).
REQUIRED Implementation Date:
1/1/2025
If yes, list revised forms:
PENDING
Allow use of 2 pay stubs?
Yes
Adopt all newly defined income exclusions?
Yes
Have state required forms been revised?
PENDING
Exclude non-necessary personal property with a combined value of $50,000 or less?
Yes
Allow use of "Current" value for checking accounts?
Yes
Have state required forms been revised?
Adopt all newly defined income exclusions?
Calculate child support based on payments received?
Yes
Comments:
None
REQUIRED Implementation Date:
1/1/2025
Adopt new guidance regarding financial assistance (assess for all households)?
Yes
List here any HOTMA policies that will NOT be implemented:
None
Implementation Permitted on 1/1/2024?
Unclear
Comments:
We are not implementing HOTMA until 1/1/2025. IRS still hasn’t made ruling on the Under $50,000 to my knowledge. State is still reviewing whether or not all HOTMA changes will be implemented.
Allow use of "Current" value for checking accounts?
Exclude non-necessary personal property with a combined value of $50,000 or less?
Calculate child support based on payments received?
NO, child support must always be verified through child support enforcement
Allow use of 2 pay stubs?
NO, 2 months required
Adopt all newly defined income exclusions?
Yes
Implementation Permitted on 1/1/2024?
Yes
Have state required forms been revised?
Yes
Adopt new guidance regarding financial assistance (assess for all households)?
Exclude non-necessary personal property with a combined value of $50,000 or less?
Yes
List here any HOTMA policies that will NOT be implemented:
REQUIRED Implementation Date:
1/1/2025
Allow use of "Current" value for checking accounts?
Yes
Adopt new guidance regarding financial assistance (assess for all households)?
Yes
List here any HOTMA policies that will NOT be implemented:
None
Calculate child support based on payments received?
Yes
Allow use of 2 pay stubs?
Yes
Have state required forms been revised?
PENDING
Adopt all newly defined income exclusions?
Yes
Exclude non-necessary personal property with a combined value of $50,000 or less?
Yes
Comments:
None
Implementation Permitted on 1/1/2024?
Yes
Allow use of "Current" value for checking accounts?
Yes
REQUIRED Implementation Date:
1/1/2024
REQUIRED Implementation Date:
1/1/2025
If yes, list revised forms:
PENDING
List here any HOTMA policies that will NOT be implemented:
Still require 3 months stubs and efforts to obtain an EV
Implementation Permitted on 1/1/2024?
REQUIRED Implementation Date:
Adopt new guidance regarding financial assistance (assess for all households)?
Yes
Calculate child support based on payments received?
Yes
Allow use of 2 pay stubs?
NO: 3 months stubs are still required (AND efforts to obtain an EV)
Comments:
None
Exclude non-necessary personal property with a combined value of $50,000 or less?
Calculate child support based on payments received?
Adopt all newly defined income exclusions?
Allow use of 2 pay stubs?
Adopt new guidance regarding financial assistance (assess for all households)?
Allow use of "Current" value for checking accounts?
Have state required forms been revised?
If yes, list revised forms:
Comments:
CHFA will issue guidance on how HUD's Housing Opportunity through Modernization Act (HOTMA) impacts compliance for developments with Housing Tax Credits and CHFA Multifamily Loans via eNews as soon as it is available. In the meantime, we advise continuing your current certification processes based on CHFA’s Multifamily Program Compliance Manual.
Exclude non-necessary personal property with a combined value of $50,000 or less?
Yes
Adopt all newly defined income exclusions?
Yes
REQUIRED Implementation Date:
1/1/2025
List here any HOTMA policies that will NOT be implemented:
Implementation Permitted on 1/1/2024?
Yes
Allow use of "Current" value for checking accounts?
Yes
Have state required forms been revised?
Yes
Calculate child support based on payments received?
Yes
List here any HOTMA policies that will NOT be implemented:
Still require efforts to obtain an EV prior to accepting stubs
REQUIRED Implementation Date:
Implementation Permitted on 1/1/2024?
If yes, list revised forms:
Have state required forms been revised?
Allow use of 2 pay stubs?
Yes, but still require efforts to obtain an EV prior to accepting stubs
Adopt new guidance regarding financial assistance (assess for all households)?
Yes
Comments:
None
Allow use of "Current" value for checking accounts?
Calculate child support based on payments received?
Exclude non-necessary personal property with a combined value of $50,000 or less?
Adopt all newly defined income exclusions?
Allow use of 2 pay stubs?
Comments:
Adopt new guidance regarding financial assistance (assess for all households)?
REQUIRED Implementation Date:
List here any HOTMA policies that will NOT be implemented:
If yes, list revised forms:
Tenant Income Certification
Allow use of "Current" value for checking accounts?
Implementation Permitted on 1/1/2024?
Allow use of 2 pay stubs?
Adopt all newly defined income exclusions?
Calculate child support based on payments received?
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Name of State
Questions
Answer
Alaska
Implementation Permitted on 1/1/2024?
Alaska
If yes, list revised forms:
Alaska
Adopt all newly defined income exclusions?
Alaska
Have state required forms been revised?
Alaska
Exclude non-necessary personal property with a combined value of $50,000 or less?
Alaska
Comments:
Alaska
Adopt new guidance regarding financial assistance (assess for all households)?
Alaska
List here any HOTMA policies that will NOT be implemented:
Alabama
Implementation Permitted on 1/1/2024?
Alaska
Calculate child support based on payments received?
Alaska
Allow use of "Current" value for checking accounts?
Alaska
Allow use of 2 pay stubs?
Alabama
REQUIRED Implementation Date:
Alabama
If yes, list revised forms:
Alabama
Allow use of 2 pay stubs?
Alabama
Adopt all newly defined income exclusions?
Alabama
Have state required forms been revised?
Alabama
Exclude non-necessary personal property with a combined value of $50,000 or less?
Alabama
Allow use of "Current" value for checking accounts?
Arkansas
Have state required forms been revised?
Arkansas
Adopt all newly defined income exclusions?
Alabama
Calculate child support based on payments received?
Alabama
Comments:
Arkansas
REQUIRED Implementation Date:
Alabama
Adopt new guidance regarding financial assistance (assess for all households)?
Alabama
List here any HOTMA policies that will NOT be implemented:
Arkansas
Implementation Permitted on 1/1/2024?
Arkansas
Comments:
Arkansas
Allow use of "Current" value for checking accounts?
Arkansas
Exclude non-necessary personal property with a combined value of $50,000 or less?
Arkansas
Calculate child support based on payments received?
Arkansas
Allow use of 2 pay stubs?
Arizona
Adopt all newly defined income exclusions?
Arizona
Implementation Permitted on 1/1/2024?
Arizona
Have state required forms been revised?
Arkansas
Adopt new guidance regarding financial assistance (assess for all households)?
Arizona
Exclude non-necessary personal property with a combined value of $50,000 or less?
Arkansas
List here any HOTMA policies that will NOT be implemented:
Arizona
REQUIRED Implementation Date:
Arizona
Allow use of "Current" value for checking accounts?
Arizona
Adopt new guidance regarding financial assistance (assess for all households)?
Arizona
List here any HOTMA policies that will NOT be implemented:
Arizona
Calculate child support based on payments received?
Arizona
Allow use of 2 pay stubs?
California
Have state required forms been revised?
California
Adopt all newly defined income exclusions?
California
Exclude non-necessary personal property with a combined value of $50,000 or less?
Arizona
Comments:
California
Implementation Permitted on 1/1/2024?
California
Allow use of "Current" value for checking accounts?
California
REQUIRED Implementation Date:
Alaska
REQUIRED Implementation Date:
California
If yes, list revised forms:
California
List here any HOTMA policies that will NOT be implemented:
Colorado
Implementation Permitted on 1/1/2024?
Colorado
REQUIRED Implementation Date:
California
Adopt new guidance regarding financial assistance (assess for all households)?
California
Calculate child support based on payments received?
California
Allow use of 2 pay stubs?
California
Comments:
Colorado
Exclude non-necessary personal property with a combined value of $50,000 or less?
Colorado
Calculate child support based on payments received?
Colorado
Adopt all newly defined income exclusions?
Colorado
Allow use of 2 pay stubs?
Colorado
Adopt new guidance regarding financial assistance (assess for all households)?
Colorado
Allow use of "Current" value for checking accounts?
Colorado
Have state required forms been revised?
Colorado
If yes, list revised forms:
Colorado
Comments:
Connecticut
Exclude non-necessary personal property with a combined value of $50,000 or less?
Connecticut
Adopt all newly defined income exclusions?
Connecticut
REQUIRED Implementation Date:
Colorado
List here any HOTMA policies that will NOT be implemented:
Connecticut
Implementation Permitted on 1/1/2024?
Connecticut
Allow use of "Current" value for checking accounts?
Connecticut
Have state required forms been revised?
Connecticut
Calculate child support based on payments received?
Connecticut
List here any HOTMA policies that will NOT be implemented:
District of Columbia
REQUIRED Implementation Date:
District of Columbia
Implementation Permitted on 1/1/2024?
District of Columbia
If yes, list revised forms:
District of Columbia
Have state required forms been revised?
Connecticut
Allow use of 2 pay stubs?
Connecticut
Adopt new guidance regarding financial assistance (assess for all households)?
Connecticut
Comments:
District of Columbia
Allow use of "Current" value for checking accounts?
District of Columbia
Calculate child support based on payments received?
District of Columbia
Exclude non-necessary personal property with a combined value of $50,000 or less?
District of Columbia
Adopt all newly defined income exclusions?
District of Columbia
Allow use of 2 pay stubs?
District of Columbia
Comments:
District of Columbia
Adopt new guidance regarding financial assistance (assess for all households)?
Delaware
REQUIRED Implementation Date:
District of Columbia
List here any HOTMA policies that will NOT be implemented:
Delaware
If yes, list revised forms:
Delaware
Allow use of "Current" value for checking accounts?
Delaware
Implementation Permitted on 1/1/2024?
Delaware
Allow use of 2 pay stubs?
Delaware
Adopt all newly defined income exclusions?
Delaware
Calculate child support based on payments received?