On December 4th, 2024, HUD released an update to the series of FAQs (Frequently Asked Questions) regarding the implementation of the Housing Opportunity Through Modernization Act of 2016 (HOTMA). This document includes guidance on the following items: the phase-in hardship relief provision included in the HOTMA final rule, HOTMA compliant Tenant Selection Plans at MORs (Management and Occupancy Reviews), and the use of the rent override function in TRACS 202D until the new compliance date of July 1, 2025.

You can read the full FAQ here.