HUD posted updates to the HOTMA inflationary adjustments. Microsoft Word - CY2025-Revised-Amounts-And-Passbook-Rate.docx

Summary:

• There is no change to the dependent and elderly allowances. They remain at $480 and $525, respectively.
• For those O/A that have implemented portions of HOTMA policy, the change will occur with any certification on or after 1/1/2025.
• The Asset limitation has been raised from $100,000 to $103,200.
• As HUD has not yet distributed new model leases, this can't be implemented by any O/A.
• 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.
• Passbook rate has increased from 0.4% to 0.45%.
• HUD has not yet released any further communication in regard to the flexibility they have provided O/As to implement passbook rates.