“Did You Know: HOTMA Changes the Asset Limit Rules?”

Under HOTMA, HUD is now enforcing a standard asset limitation of $100,000 for assisted households. This includes bank accounts, real estate, and even stored cash if disclosed. Households exceeding the limit without exemption may be deemed ineligible.

Takeaway: Review and update your asset verification forms. Make sure your team is prepared to document all assets with third-party verification.