This Class is Not Applicable to the Public Housing and Housing Choice Voucher program.

HUD has revised and reissued the Supplementary Guidance effective 2/2/2024 to correct and clarify numerous requirements in the original guidance.

In addition, HUD has now added “Total Nonenforcement” ( translation – “grandfathering”) of the Section 8 Asset Restrictions as another Owner option for existing residents.

Don’t miss this opportunity to be ready for HOTMA.

The course will include everything that is known about what, how and when to implement the numerous HOTMA changes, helpful resources and tools, so that, regardless of what HUD does or does not do, after completing the course, you will be ready for HOTMA.

Areas Covered

• Topic 1:  Income and Income from Assets – including fosters not counted in the income limit, new income exclusions, methods of calculation – means tested, streamlined, traditional, student financial aid – new definitions, changes to Section 8 exceptions, how to calculate for both Section 8 and other HUD programs)
• Topic 2:  Assets and Income from Assets- including new asset exceptions, asset threshold, non-necessary personal property, and method to calculate income from assets
• Topic 3: The Section 8 Asset cap - including two types, when and how to apply to residents and new applicants, exceptions, owner hardship policies
• Topic 4: Deductions and Allowances - including CPI  adjustment, 10% medical and disability “deductible” – new tenants and existing tenant phase-in, owner hardship policies
• Topic 5:  Annual Recertification – including new methods to do annuals, owner option for retroactive rent decreases, other issues regarding when rent and HAP increase or decrease
• Topic 6: Interim Recertification – including lease requirements, increases based on 10% change in adjusted income – how to determine, owner option on % change for decreased income, owner option on using EIV, changes and owner options regarding increasing rent when earned income increases
• Topic 7: Miscellaneous – New forms – leases, 50059, 9887 and 9887A, how and when to implement, De minimum errors – impact on owner, impact on tenants, suspension of EIV Income Discrepancy reports, new ways to verify SSN’s.

Additional Benefits

• Q&A With Gwen
• Certificate of Completion
• Handouts
• Quizzes

Who Should Attend

• Owners
• Agents
• Managers
• Compliance Specialists for HUD Multifamily Projects

Testimonials

“This class had great information and resource. Gwen is extremely knowledgeable.”

“I liked the way things were explained about HOTMA implementation. I am better prepared now.”

“This class was amazing and had detailed information and polls to test knowledge.”

“Gwen answered all the questions. Questions big or small are never disregarded.”

“This HOTMA class was interactive with polls to confirm understanding concepts throughout.”

“I liked the little quizzes along the way were a good tool to keep me connected with the content.”

“Great information. Lots of needed information; handouts were amazing.”

Speaker(s)

Gwen Volk

Gwen Volk has worked in the affordable housing industry since 1983. She has been president and CEO of a Midwest property management company and chief compliance officer over a Dallas firm’s national portfolio. She has a Master’s degree in Business and is a Certified Property Manager through the Institute of Real Estate Management. Gwen holds certifications as a National Affordable Housing Professional – Executive Level, Specialist in Housing Credit Management, Housing Credit Certified Professional, Certified Professional of Occupancy, and in Fair Housing Compliance and has been a servant leader in the AHMAs, NAHMA and IREM throughout her career. Gwen is a nationally recognized expert in the tax credit, bond, HOME, and Section 8 programs and enjoys helping agents, owners, and managers make sense of it all.

Unlimited Webinars

Access Unlimited Webinars

SUBSCRIBE NOW

Why You Should Subscribe?

Unlimited Live and On-Demand Courses

Watch all live or recorded webinars (up to 120 minutes long). Get instant access to a library of more than 500 high quality courses presented by best-in-class presenters.

CEUs: APA, CPE, SHRM and HRCI Credits

Fulfil your recertification requirements by earning CEUs from APA, CPE, SHRM and HRCI.

Free Access to Course Materials

Each program comes with Additional Course Materials, which you can download and read anytime.

Additional Discounts

Get flat 20% discount on Premium Product Category like, Long Hour Webinars.

SUBSCRIBE NOW

Call Now At

888-527-3477

Email Us At

help@complianceprime.com