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- Message of the Month
- 203A + HOTMA – Updated Information!
- When to do an IR After HOTMA
- HUD released their Supplemental, Supplemental notice on 2/5/24. We have never seen this done before, but with this second supplemental notice, HSG Notice 2023-10, HUD replaced the first supplemental notice with a new, modified HOTMA Notice. We knew the second supplemental notice was supposed to be out, but was very surprised to get a replacement versus a new notice.
HSG Notice 2023-10 Implementation Guidance: Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA) still has the original Issue Date of 9/29/2023, but this updated Notice includes many revisions to HOTMA guidance then was in the original September notice.
As far as passbook rate is concerned, the guidance is to use .06% for now. Once site software is updated, it will change to the .40%, as well as all the other changes. HUD has still not released the 203A/HOTMA specifications for the MAT guide.
- When to do an IR After HOTMA
PBCA
Offering services to reconcile MAT30’s according to HUD rules and regulations outlined in the 4350.3 Rev. 1 Chg. 4, MAT Guide and HUD Notices, that are submitted for the HUD PBCA and Traditional programs.
TRACS Service Bureau
Services for Section 8, Section 236, RAP, Rent Supp, PRAC, RAD, etc. property’s.
Message of the Month
The latest info from HUD; EPS, Inc.; and your State Administrator to help with your monthly submission(s).
Successful TRACS Reporting
Helpful information with regard to processing 50059s, creating Housing Assistance Payment (HAP) Vouchers (HUD-52670 and HUD-52670A), and sending the appropriate TRACS files to EPS.
