The heat is on for Owners/Agents of HUD sites who are required by HUD’s final Housing Opportunity Through Modernization Act (HOTMA) regulations to implement the new income rules for all tenant Certifications (50059’s) effective January 1, 20024 and after.
Come learn about the sweeping changes this rule makes and obtain recommendations on best practices for implementation. Topic areas include:
· Who is considered a family member
· Forms permitting the release of information
· How income is calculated at move-in, interim and recert
· Income and asset inclusions and exclusions
· Imputing asset income
· Asset limit
· Deductions
This training will break down HOTMA for you into topic areas and provide you information on the differences between current rules and practices and the requirements contained in HOTMA. Any differences based on programs will be discussed. It will also highlight any unanswered questions and identify forms and documents management will need to update.
Also, in our quest to provide ongoing updates in this area, we will be offering ongoing updates to participants who are enrolled in this training only free of charge through January 1, 2024 as HUD issues updated guidance.
$529 NEAHMA Members
$679 Non Members