Affordable housing property management already comes with its own unique set of challenges. But now, property management companies need to prepare for an entirely new set of challenges: Being fully compliant with the Housing Opportunity Through Modernization Act of 2016 (HOTMA) by January 1, 2025.

Even though HOTMA aims to simplify and reduce friction in affordable housing management, bringing welcomed changes for residents, property management companies and teams may still find that making big operational adjustments will be necessary, especially when it comes to staying compliant.

In this episode of The Top Floor podcast, two industry experts offer insights and advice on how property management organizations can guide their teams and residents through some of the most significant changes to HUD’s occupancy requirements in the last 10 years.

Joining the podcast are Jenny DeSilva, the President and CEO of DeSilva Housing Group and Colleen Winship, AppFolio's Affordable Housing Program Manager. Together, they break down the top HOTMA changes, the best ways property management companies can get prepared, and how to stay ahead of HOTMA’s final compliance deadline.

Key moments:

• Jenny explains why HOTMA is so important
• How HOTMA could benefit residents
• The benefits for owners and agents
• The top HOTMA changes to be aware of
• What property management companies need to know about the HOTMA compliance timeline
• Key milestones for HOTMA implementation
• How to approach employee training around HOTMA
• How property management companies can boost operational efficiency
• Changes Jenny would like to see around future affordable housing legislation

Key links:

• HOTMA preparation checklist
• Tips To Prepare For HOTMA And Operate Your Affordable Housing Management Business More Efficiently [Part 1]
• Tips To Prepare For HOTMA And Operate Your Affordable Housing Management Business More Efficiently [Part 2]
• 2023 top challenges and opportunities in affordable housing management