Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Staff warns HUD HOTMA rule change will disqualify applicants with large assets for LIHTC units
Central Wisconsin Community Action Council, Inc. PBP Committee
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Staff reported new HUD HOTMA rules that bar applicants with more than $100,000 in assets from qualifying for LIHTC apartments; current residents will be grandfathered. The committee discussed vacancy management and tenant form updates.
Staff members at the Central Wisconsin Community Action Council’s PBP Committee reported that a federal change to HUD’s Housing Opportunity Through Modernization Act (HOTMA) eligibility calculations will affect who can qualify for Low-Income Housing Tax Credit (LIHTC) apartments.
Staff member Monica…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans