ELIGIBILITY ESSENTIALS: Calculating Assets (Post-HOTMA) (02/25)

ELIGIBILITY ESSENTIALS: CALCULATING ASSETS (POST-HOTMA)

The Housing Opportunity Through Modernization Act (HOTMA) has introduced major updates to how income—especially from household assets—is calculated for affordable housing programs. These changes will affect the way housing professionals assess household eligibility.

WHAT YOU CAN EXPECT FROM THIS TRAINING

In this three-hour webinar, participants will receive a comprehensive review of calculating asset income under HOTMA. The session will cover key updates introduced by HOTMA and provide a refresher on calculating common asset sources that remain unchanged under the new regulations.

Topics to be covered include, but are not limited to:

• Common Asset Terms
• Asset Inclusions & Exclusions
• Imputing Asset Income
• Personal Property (Necessary & Non-Necessary)
• Retirement Accounts (being excluded assets)
• Asset Limitation (Section 8, including 202/8 Only)

Note: This training will be conducted post-HOTMA and will cover HOTMA requirements only. Pre-HOTMA requirements will not be addressed. Some information may be supplied to attendees as supplemental.

WHO SHOULD ATTEND

• Property managers and leasing staff
• Compliance officers and specialists
• Anyone responsible for verifying income or determining eligibility

This session is ideal for anyone involved in affordable housing programs who needs to understand and apply HOTMA’s updated asset calculation rules.

WHAT YOU WILL TAKEAWAY

• Instructor: Morgan Baldwin, Housing Compliance Trainer

• Type of Instruction: Virtual Presentation

• Certificates of Attendance: Provided within 7 business days after the training.

• Continuing Education Hours (CE Hours): 3 Hours, which can be applied to US Housing Consultants ACE Designations

• Reference Manual Provided: A PDF Reference Manual will be provided 24 hours prior to the training event.

While closed captioning can be made available, the use of artificial intelligence (AI)– based note-taking tools or software is strictly prohibited. Please note that any AI notetaking logins detected during the training will be removed, and the participant will be charged the equivalent of an additional class attendee.

US Housing Consultants does not give permission to record our training material and/or trainers.

Any recordings completed by US Housing Consultants are proprietary to the company.