The 123 from DHG

There's so much information to keep track of in the affordable housing industry. Let us help you break it down with three key things happening in the industry and within our company.

1: Hold Your Horses, HOTMA! We Have More Time

HUD recently announced that Multifamily owners can implement HOTMA regulations in stages during 2024. What does this mean? It is not necessarily a simple, short answer.

The Final Rule’s effective date remains January 1, 2024. However, HUD has acknowledged how significant of a program shift this will be for all stakeholders. Implementation will be an ongoing process that occurs during 2024, culminating in a final, new implementation deadline of December 31, 2024.

The first benchmark date is March 31, 2024. By March 31, 2024, Multifamily housing owners must update their Tenant Selection Plans, EIV Policies and Procedures, House Rules, and other leasing and occupancy policies to reflect HOTMA rules and discretionary policies.

We are updating our policies to reflect HOTMA changes and are offering a special HOTMA Bundle that contains all the HOTMA compliant policies you need for a flat fee. If you are interested in purchasing policies from us, don’t delay! We are satisfying orders first-in-first-out.

2: COLA Increase

Social Security beneficiaries will see a 3.2% Cost-of-Living Adjustment (COLA) in 2024. This will affect more than 71 million Americans.

Most Social Security beneficiaries will see the increase in their monthly checks starting in January, and SSI beneficiaries will see the increase in their December checks.

3. Upcoming Webinars

The year may be winding down, but DeSilva Housing Group isn't stopping! Check out our upcoming webinars through the end of 2023 and into early next year.

All sessions are live, interactive, and led by our President and CEO, Jenny DeSilva. Click on the links below to register.

November 7: PRA 811 Occupancy Training
November 29: VAWA Compliance Obligations
November 30: Waiting List Management and Move In Procedures
December 19: Updating Affirmative Fair Housing Marketing Plans

We're also announcing a three-part RAD for PRAC webinar series in partnership with Gates Kellett, President of The Gates Development Group. Join individual sessions or register for all three webinars for a discounted flat fee of $500.

January 17: RAD for PRAC: Webinar 1 - Overview
January 24: RAD for PRAC: Webinar 2 - Moving Ahead on a RAD for PRAC Conversion
January 31: RAD for PRAC: Webinar 3 - Getting to Closing

BONUS 4. A Special DHG Contribution

Let's end with some additional happy news, shall we?

Our team had a great time at the NAHMA Educational Foundation Gala last month in Washington, D.C.! We were pleased to donate over $15K to their mission of providing educational scholarships for residents of affordable housing.

We're so thankful to Jenny DeSilva who even made a gracious donation in honor of the five children of the three working moms of DeSilva Housing Group.

Finally, on behalf of our team, we wish you a very happy Thanksgiving! We are incredibly grateful for our wonderful clients and partners.

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