Compliance Update: HOTMA FAQs and Reminders |
The HOTMA Frequently Asked Questions (FAQs) have been updated and are now available on the IFA Compliance webpage.
Please review the updated FAQs for clarification on common HOTMA questions, including asset verification, self-certification, income documentation, and recertification requirements.
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HOTMA Guidance - Iowa Implementation |
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As previously announced, projects awarded under Federal Housing Tax Credit, HOME, HOME-ARP and National Housing Trust Fund will begin implementing HOTMA using the most current Iowa Finance Authority (IFA) forms effective January 1, 2026. IFA will allow a grace period for uncorrected compliance issues through July 1, 2026.
At this time, this HOTMA implementation requirement does not apply to projects with Section 8 project-based rental assistance.
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HOME/NHTF Rent Approval Process |
With the new income and rent limits taking effect on June 1, 2026, HOME/NHTF rent approval documents will be due to IFA no later than the close of business on Tuesday, July 15, 2026.
Please note: Submissions are required even if a rent increase is not being requested.
Projects will not be eligible for a rent increase if documentation is received after July 15, 2026.
HOME/NHTF rent approval documents are available on the IFA Compliance webpage under the Current Income & Rent Limits section. Please pay special attention to the “New this year” guidelines.
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2026 HousingIowa Conference Sessions – Compliance |
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Don't miss the 2026 HousingIowa Conference in Des Moines this September for timely compliance-related sessions, including:
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HOTMA Hot Topics: What You Need to Know Now - Ronnette Jameson-Smith, Zeffert & Associates
- Mastering LIHTC Compliance - Natalie Meador, Zeffert & Associates
- No Surprises: IFA Compliance Updates, FAQs & What’s Coming Next - Scott Michael Dunn, Costello Compliance
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