Calculate child support based on payments received?
Yes
Have state required forms been revised?
Yes
If yes, list revised forms:
Tenant Income Certification
Adopt all newly defined income exclusions?
Exclude non-necessary personal property with a combined value of $50,000 or less?
Allow use of "Current" value for checking accounts?
Allow use of 2 pay stubs?
Calculate child support based on payments received?
Adopt new guidance regarding financial assistance (assess for all households)?
List here any HOTMA policies that will NOT be implemented:
Comments:
Delaware is not permitting implementation yet, in the process of updating their manual.
Adopt new guidance regarding financial assistance (assess for all households)?
Yes
Implementation Permitted on 1/1/2024?
Yes
REQUIRED Implementation Date:
1/1/2025
Have state required forms been revised?
PENDING
If yes, list revised forms:
PENDING
Adopt all newly defined income exclusions?
Yes
Exclude non-necessary personal property with a combined value of $50,000 or less?
Yes
Allow use of "Current" value for checking accounts?
Yes
Allow use of 2 pay stubs?
Yes
Calculate child support based on payments received?
Yes
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.
List here any HOTMA policies that will NOT be implemented:
None
Comments:
None
Implementation Permitted on 1/1/2024?
REQUIRED Implementation Date:
Have state required forms been revised?
If yes, list revised forms:
Adopt all newly defined income exclusions?
Exclude non-necessary personal property with a combined value of $50,000 or less?
Allow use of "Current" value for checking accounts?
Allow use of 2 pay stubs?
Comments:
None
Calculate child support based on payments received?
Adopt new guidance regarding financial assistance (assess for all households)?
List here any HOTMA policies that will NOT be implemented:
Comments:
Implementation Permitted on 1/1/2024?
Yes
REQUIRED Implementation Date:
1/1/2024
Have state required forms been revised?
Yes
Adopt all newly defined income exclusions?
Yes
Exclude non-necessary personal property with a combined value of $50,000 or less?
Yes
Implementation Permitted on 1/1/2024?
Yes
Allow use of "Current" value for checking accounts?
Yes
Allow use of 2 pay stubs?
Yes
Calculate child support based on payments received?
Yes
Adopt new guidance regarding financial assistance (assess for all households)?
Yes
List here any HOTMA policies that will NOT be implemented:
None
Comments:
None
Implementation Permitted on 1/1/2024?
REQUIRED Implementation Date:
Have state required forms been revised?
If yes, list revised forms:
REQUIRED Implementation Date:
1/1/2025
Adopt all newly defined income exclusions?
Exclude non-necessary personal property with a combined value of $50,000 or less?
Allow use of "Current" value for checking accounts?
Allow use of 2 pay stubs?
Calculate child support based on payments received?
Adopt new guidance regarding financial assistance (assess for all households)?
List here any HOTMA policies that will NOT be implemented:
Comments:
12/21/23: IFA will release a revised manual and forms in 2024 that will include HOTMA and AIT updates. It is IFA’s intent to allow owners and managers all of 2024 to implement these changes once they are available.
Implementation Permitted on 1/1/2024?
REQUIRED Implementation Date:
Have state required forms been revised?
PENDING
Have state required forms been revised?
If yes, list revised forms:
Adopt all newly defined income exclusions?
Exclude non-necessary personal property with a combined value of $50,000 or less?
Allow use of "Current" value for checking accounts?
Allow use of 2 pay stubs?
Calculate child support based on payments received?
Adopt new guidance regarding financial assistance (assess for all households)?
List here any HOTMA policies that will NOT be implemented:
Comments:
If yes, list revised forms:
PENDING
Implementation Permitted on 1/1/2024?
REQUIRED Implementation Date:
Have state required forms been revised?
If yes, list revised forms:
Adopt all newly defined income exclusions?
Exclude non-necessary personal property with a combined value of $50,000 or less?
Allow use of "Current" value for checking accounts?
Allow use of 2 pay stubs?
Calculate child support based on payments received?
Adopt new guidance regarding financial assistance (assess for all households)?
Adopt all newly defined income exclusions?
Yes
List here any HOTMA policies that will NOT be implemented:
Comments:
12/12/2023: IHDA has not completed our HOTMA updates. A management bulletin will be issued when updates are complete and posted to our website.
Implementation Permitted on 1/1/2024?
Yes
REQUIRED Implementation Date:
1/1/2024
Have state required forms been revised?
Yes
Adopt all newly defined income exclusions?
Yes
Exclude non-necessary personal property with a combined value of $50,000 or less?
Yes
Allow use of "Current" value for checking accounts?
Yes
Allow use of 2 pay stubs?
Yes
Exclude non-necessary personal property with a combined value of $50,000 or less?
Yes
Calculate child support based on payments received?
Yes
Adopt new guidance regarding financial assistance (assess for all households)?
Yes
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State
Implementations
Status
Virgin Islands
Exclude non-necessary personal property with a combined value of $50,000 or less?
California
Allow use of "Current" value for checking accounts?
Yes
Virgin Islands
Allow use of "Current" value for checking accounts?
Virgin Islands
Allow use of 2 pay stubs?
Virgin Islands
Calculate child support based on payments received?
Virgin Islands
Adopt new guidance regarding financial assistance (assess for all households)?
Virgin Islands
List here any HOTMA policies that will NOT be implemented:
Virgin Islands
Comments:
Vermont
Implementation Permitted on 1/1/2024?
Vermont
REQUIRED Implementation Date:
Vermont
Have state required forms been revised?
Vermont
If yes, list revised forms:
California
Allow use of 2 pay stubs?
NO: 3 months stubs are still required (AND efforts to obtain an EV)
Vermont
Adopt all newly defined income exclusions?
Vermont
Exclude non-necessary personal property with a combined value of $50,000 or less?
Vermont
Allow use of "Current" value for checking accounts?
Vermont
Allow use of 2 pay stubs?
Vermont
Calculate child support based on payments received?
Vermont
Adopt new guidance regarding financial assistance (assess for all households)?
Vermont
List here any HOTMA policies that will NOT be implemented:
Vermont
Comments:
Washington
Implementation Permitted on 1/1/2024?
Washington
REQUIRED Implementation Date:
California
Calculate child support based on payments received?
Yes
Washington
Have state required forms been revised?
Washington
If yes, list revised forms:
Washington
Adopt all newly defined income exclusions?
Washington
Exclude non-necessary personal property with a combined value of $50,000 or less?
Washington
Allow use of "Current" value for checking accounts?
Washington
Allow use of 2 pay stubs?
Washington
Calculate child support based on payments received?
Washington
Adopt new guidance regarding financial assistance (assess for all households)?
Washington
List here any HOTMA policies that will NOT be implemented:
Washington
Comments:
WSHFC is not implementing any HOTMA changes at this time. We will make them effective for LIHTC certifications effective 1/1/25. In the meantime, if any of our owners/managers are implementing HOTMA now to satisfy other funder requirements, we will allow them to do that. We’ll publish our guidance by June 2024.
California
Adopt new guidance regarding financial assistance (assess for all households)?
Yes
Wisconsin
Implementation Permitted on 1/1/2024?
Wisconsin
REQUIRED Implementation Date:
Wisconsin
Have state required forms been revised?
Wisconsin
If yes, list revised forms:
Wisconsin
Adopt all newly defined income exclusions?
Wisconsin
Exclude non-necessary personal property with a combined value of $50,000 or less?
Wisconsin
Allow use of "Current" value for checking accounts?
Wisconsin
Allow use of 2 pay stubs?
Wisconsin
Calculate child support based on payments received?
Wisconsin
Adopt new guidance regarding financial assistance (assess for all households)?
Alaska
Adopt all newly defined income exclusions?
Yes
California
List here any HOTMA policies that will NOT be implemented:
Still require 3 months stubs and efforts to obtain an EV
Wisconsin
List here any HOTMA policies that will NOT be implemented:
Wisconsin
Comments:
For the tax credit program, we are not requiring that projects begin using HOTMA guidelines for income and asset determinations yet but once that date has been set, we send out a blast with our updates. We do intend to update our policies to be in alignment with the HOTMA final rule in determining income & assets.
West Virginia
Implementation Permitted on 1/1/2024?
Yes
West Virginia
REQUIRED Implementation Date:
1/1/2024
West Virginia
Have state required forms been revised?
NA: no state required forms
West Virginia
If yes, list revised forms:
NA: no state required forms
West Virginia
Adopt all newly defined income exclusions?
Yes
West Virginia
Exclude non-necessary personal property with a combined value of $50,000 or less?
Yes
West Virginia
Allow use of "Current" value for checking accounts?
Yes
West Virginia
Allow use of 2 pay stubs?
Yes
California
Comments:
None
West Virginia
Calculate child support based on payments received?
Yes
West Virginia
Adopt new guidance regarding financial assistance (assess for all households)?
Yes
West Virginia
List here any HOTMA policies that will NOT be implemented:
None
West Virginia
Comments:
None
Wyoming
Implementation Permitted on 1/1/2024?
Wyoming
REQUIRED Implementation Date:
Wyoming
Have state required forms been revised?
Wyoming
If yes, list revised forms:
Wyoming
Adopt all newly defined income exclusions?
Wyoming
Exclude non-necessary personal property with a combined value of $50,000 or less?
Colorado
Implementation Permitted on 1/1/2024?
Wyoming
Allow use of "Current" value for checking accounts?
Wyoming
Allow use of 2 pay stubs?
Wyoming
Calculate child support based on payments received?
Wyoming
Adopt new guidance regarding financial assistance (assess for all households)?
Wyoming
List here any HOTMA policies that will NOT be implemented:
Wyoming
Comments:
Colorado
REQUIRED Implementation Date:
Colorado
Have state required forms been revised?
Colorado
If yes, list revised forms:
Colorado
Adopt all newly defined income exclusions?
Colorado
Exclude non-necessary personal property with a combined value of $50,000 or less?
Colorado
Allow use of "Current" value for checking accounts?
Colorado
Allow use of 2 pay stubs?
Alaska
Exclude non-necessary personal property with a combined value of $50,000 or less?
Yes
Colorado
Calculate child support based on payments received?
Colorado
Adopt new guidance regarding financial assistance (assess for all households)?
Colorado
List here any HOTMA policies that will NOT be implemented:
Colorado
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.
Connecticut
Implementation Permitted on 1/1/2024?
Yes
Connecticut
REQUIRED Implementation Date:
1/1/2025
Connecticut
Have state required forms been revised?
Yes
Connecticut
Adopt all newly defined income exclusions?
Yes
Connecticut
Exclude non-necessary personal property with a combined value of $50,000 or less?
Yes
Alaska
Allow use of "Current" value for checking accounts?
Yes
Connecticut
Allow use of "Current" value for checking accounts?
Yes
Connecticut
Allow use of 2 pay stubs?
Yes, but still require efforts to obtain an EV prior to accepting stubs
Connecticut
Calculate child support based on payments received?
Yes
Connecticut
Adopt new guidance regarding financial assistance (assess for all households)?
Yes
Connecticut
List here any HOTMA policies that will NOT be implemented:
Still require efforts to obtain an EV prior to accepting stubs
