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Encinitas Housing Authority adopts Housing Choice Voucher administrative plan updates to reflect HOTMA and HUD inspection changes
Summary
The Encinitas Housing Authority approved amendments to its Housing Choice Voucher administrative plan on June 24 to implement changes required by the federal Housing Opportunity Through Modernization Act (HOTMA) and HUD inspection standards. The resolution passed unanimously after no public speakers at the hearing.
The Encinitas Housing Authority on June 24 adopted amendments to its Housing Choice Voucher (HCV) administrative plan to reflect federal changes from the Housing Opportunity Through Modernization Act (HOTMA) and new HUD inspection standards.
Program coordinator Nikki Fotinos told the authority that HOTMA establishes an asset limit for new voucher admissions and updates rules for asset exclusions, income calculations and certain allowances. Staff noted HUD will set a $100,000 asset limit for new admissions, and clarified that many financial accounts such as IRAs, 401(k)s and education savings accounts are on HUD's updated list of excluded assets. Fotinos also said the treatment of…
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