How To Document The Annual Income Of An Applicant Who Owns A Home

Duration: 60 minutes

Speaker: Patricia Murphy

Available On-Demand

PURCHASE OPTIONS

Individual Purchase Options
On-Demand Available On-Demand. Watch the webinar recording multiple times for 180 days.	$189
Transcript (PDF) PDF transcript of webinar with handouts will be emailed. Available in 7-10 business days, after Live Event. Never Expires.	$179

Group Purchase Options
Recording With License to Share Download link will be emailed with a license to share within the organization. Available in 3-5 business days, after Live Event. Never Expires.	$799	Select

ABOUT THE EVENT

In depth review of the process for correctly documenting the eligibility of an applicant that owns a home.

Areas Covered:

Basic Homeownership concepts
Real Estate disposed of for less than Fair Market Value
Options and Best Practices for Documenting Market Value
Determining Cash Value
Determining income from the asset
Seller financing/contracts for deed,
Reverse mortgages
How HOTMA changes will impact the eligibility of households that own real estate

Learning Objectives:

Basic Homeownership concepts
How to treat real estate disposed of for less than fair market value.
Options and best Practices for documenting the market value of real estate.
Acceptable documentation to calculate the cash value of a home.
How to calculate income from a home that is rented

Who Should Attend:

Affordable Housing leasing professionals

Handouts & Reference Material:

A PDF copy of the presentation will be available for download along with a PDF Reference Guide containing resources.

Speaker(s)

Patricia Murphy

Patricia Murphy is an affordable housing consultant located in Austin, Texas. She has over 25 years’ experience in hands on administration of the Housing Tax Credit, Tax Exempt Bond, HOME and Housing Trust fund programs. Patricia retired from the Texas Department of Housing and Community Affairs as the Director of the Compliance Division in 2020. Since early 2021 she has been utilizing that experience and knowledge as a consultant helping owners stay in compliance with TDHCA and federal requirements.

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