Understanding HOTMA's Impact on Major Affordable Housing Programs
HUD's Final Rule on HOTMA results in massive changes in how we determine household eligibility. While this is a HUD rule, it is critical to understand that HOTMA does not only HUD Programs, it has a major impact on other affordable housing programs as well.
Prepare for the Changes to LIHTC, HOME, NHTF, and RD Programs
While there are many training options out there regarding HOTMA, this session does not focus only on HUD programs comprehensive and FUN training provides a detailed review of the HOTMA changes and how such changes impact the determination of annual income when establishing household eligibility for the following major affordable housing programs:
- HUD Multifamily Housing
- Low-Income Housing Tax Credit Program
- HOME Funds & Housing Trust Funds
- Rural Development Housing Programs
What Need to Know About HOTMA
Topics include, but not limited to:
- Changes regarding the treatment of Foster Children & Adults
- Changes to the Determination of Annual Income
- Changes to the Treatment of Household Assets
- Changes to the Determination of Adjusted Income
- Asset Limitation (Section 8 Only (including 202/8))
- Changes to Determining Annual Income at Recertification for HUD Properties
- Changes to Conducting Interim Recertifications
