We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
HUD recently issued Notice H2023-10 that provides guidance to multifamily housing owners regarding the implementation of the many program changes brought about by the Housing Opportunity Through Modernization Act of 2016 (HOTMA). The recent notice makes implementation changes for sections 102 and 104 of HOTMA that were detailed in the final rule published by HUD in the Federal Register on Feb. 14, 2023. It’s important to note that the IRS intends to follow the HOTMA final rule regarding the determination of income and assets.
