HUD Announces 2025 Inflationary Adjustments and Passbook Rate
September 12, 2024
HUD posted updates to the HOTMA inflationary adjustments.
Microsoft Word - CY2025-Revised-Amounts-And-Passbook-Rate.docx
Summary:
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There is no change to the dependent and elderly allowances. They remain at $480 and $525, respectively.
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For those O/A that have implemented portions of HOTMA policy, the change will occur with any certification on or after 1/1/2025.
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The Asset limitation has been raised from $100,000 to $103,200.
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As HUD has not yet distributed new model leases, this can't be implemented by any O/A.
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The Imputed Asset threshold has been increased from $50,000 to $51,600.
For those O/A that have implemented this policy, the change will occur with any certification on or after 1/1/2025.
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Passbook rate has increased from 0.4% to 0.45%.
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HUD has not yet released any further communication in regard to the flexibility they have provided O/As to implement passbook rates.