HOTMA Changes - HUD MFH - Adjusted Income, Asset Limit, IRs and ARs

In Partnership with MN Multi Housing Association


WEBINAR

HOTMA Changes - HUD MFH

- Adjusted Income, Asset Limit, IRs and ARs

February 20, 2024 at 1:30pm - 5pm EST

Comprehensive training on the upcoming changes to Affordable Housing compliance mandated by HOTMA.

Understanding HOTMA's Impact on HUD’s Multifamily Housing Programs

The changes to eligibility standards made by HOTMA are significant and far-reaching. Most importantly, these updates create new eligibility standards for HUD programs and others that reference HUD programs as part of their requirements. This includes rules around income standards, how assets are handled, what is required for income verification, and virtually everything else in affordable housing compliance.

The HOTMA Effect of HUD’s Multifamily Programs course comprehensively covers asset imitation and changes to Adjusted Income including, Dependent Deduction, Childcare Hardship Relief, and Disability & Medical Expenses, including the Phased-in Hardship Relief and General Hardship Relief.

You'll also learn about the Elderly Disabled Deduction, Determining Income at Annual Recertification (including Using the Last 12 Months of Income), EIV Reports and Changes, and Conducting Interim Recertifications and the New 10% Threshold, Discretionary Policies and more!

How does HOTMA Affect HUD’s Multifamily Housing Programs?

In this webinar, we'll discuss HOTMA's changes and requirements to compliance on HUD's Multifamily Housing programs. 

This includes:

  • Asset Limitation 
  • Changes to Adjusted Income including:
  • Dependent Deduction
  • Childcare Hardship Relief
  • Disability & Medical Expenses including the Phased-in Hardship Relief and General Hardship Relief
  • Elderly Disabled Deduction
  • Determining Income at Annual Recertification (including Using the Last 12 Months of Income)
  • Conducting Interim Recertifications and the New 10% Threshold, Discretionary Policies and more!
  • Changes to the Verification Requirements
  • EIV Reports

What You Will Take Away

  • Instructor: Randy McCall
  • Type of Instruction: 3.5 Hour Live Video Presentation
  • Certification: 3.5 Hours of CEU
  • Certificate Provided: Yes
  • Cost Per Person: $199
  • Hours Applied to ACE Certification: HUD, RD, and HOME ACE Only
  • PDF Manual (to Download and Use as a Reference)

This training event is sponsored by MN Multi Housing Association. MHA Members should register through MHA. 

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