Navigating the HUD HOTMA Rule: Tips for Successful Implementation

Duration: 90 minutes

Speaker: Patricia Murphy

Available On-Demand

PURCHASE OPTIONS

Individual Purchase Options
On-Demand Available On-Demand. Watch the webinar recording multiple times for 30 days.	$199
Recording Download link will be emailed for single user access with handouts. Available in 3-5 business days, after Live Event. Never Expires.	$219
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.	$999	Select

ABOUT THE EVENT

The Housing Opportunities through Modernization Act (HOTMA) makes sweeping changes to many HUD programs and requirements, including who counts as a household member, what counts as income and assets and how to annualize income.

Areas Covered:

Changes to who counts as a household member.
Changes to what counts as an asset.
Changes to what counts as income.
Changes to annualizing income.
Discussion of how changes apply to the Housing Tax Credit Program

Learning Objectives:

Understanding when changes need to be implemented.
Understanding what changes apply to what programs.
How to correctly determine income from assets under HOTMA Rules.
Changes in student income.
Recognizing areas that need clarification from IRS/Treasury/ State Housing Finance Agencies for application to the Housing Tax Credit Program.

Who Should Attend:

Affordable Housing Professionals
Housing Tax Credit leasing professionals
Housing Tax Credit Compliance Auditors
Housing Tax Credit Compliance Specialists
State Housing Finance Agencies

Handouts & Reference Material:

A PDF copy of the presentation will be available for download along with the final rule.

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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