Update Info
Release [ 2024.03.31 ] Provided the following changes ...
IN GENERAL: This software update will be adding numerous HOTMA related fields to your existing Project Database files ( ex: Project Data, Tenant Certification Data, Unit Data, etc. ). In doing so, the Database Update Utility feature that runs at the end of the installation process may take 1 to 2 minutes per project to complete, depending on how much Tenant Certification Data history exists and your computer's performance level. Knowing this, we recommend completing this update at a time that will allow the extra Database Update Utility feature process to finish without interruption.
Note: Future Broadcast Email Messages will be sent that provides details about each new HOTMA related field and how they may affect your RD/HUD/LIHTC Subsidy Types. Full HOTMA related reporting compliance won't be implemented until HUD's TRACS System and State TRACS Contract Administrators can accept 203A MAT file submissions. RD's MINC System won't be implementing full HOTMA related compliance until sometime after June 2024. Most State LIHTC Housing Finance Agency's will be implementing their HOTMA related compliance requirements at about the same time, if they haven't done so already.
ACCOUNTING: None.
HUD SPECIFIC CHANGES: None.
RD SPECIFIC CHANGES: None.
LIHTC SPECIFIC CHANGES: Updated - The Florida ( FHFC ) LIHTC Tenant Income Certification form to the January 2024 version.