HUD published a revised HOTMA Implementation Notice (Notice H 2023-10) that now includes information to address the asset limitation found in Section 104 of the Housing Opportunity Through Modernization Act of 2016. Among other changes, the revised notice makes clear that owners have discretion regarding whether to enforce the asset limitation for existing tenants. Considering the revised notice, HUD’s Office of Multifamily Housing published a revised list of discretionary policies for owners to include in their Tenant Selection Plan and Enterprise Income Verification policies and procedures by March 31, 2024.