HUD released a proposed rule that would revise HUD regulations by implementing sections 102, 103 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA S. 3083/H.R. 3700 of the 114th Congress). These sections make sweeping changes to the United States Housing Act of 1937, particularly those affecting income calculation and reviews. Comments are due by November 18.
Section 102 changes requirements pertaining to income reviews for public housing and HUD’s Section 8 programs. Section 103 modifies the continued occupancy standards of public housing residents whose income has grown above the threshold for initial eligibility. Section 104 sets maximum limits on the assets that families residing in public housing and Section 8 assisted housing may have. Additionally, section 104 provides that HUD must direct public housing agencies to require that all applicants for and recipients of assistance through HUD’s public housing or Section 8 programs provide authorization for public housing agencies to obtain financial records needed for eligibility determinations.
