HOTMA Update: Changes to HUD Multifamily Programs and Status of Implementation

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

On 2/2/24, HUD updated its policy guidance on implementing HOTMA and has promised to issue additional guidance and FAQs.  As of 8/1/2024, HUD has not issued either of these nor have they released the new forms for comment or provided the software vendors with a new MAT Guide for 2.0.3.A TRACS.  This course will include a summary  all the HOTMA changes and discuss the status of HUD’s implementation everything that is known about what, how and when to implement the numerous HOTMA changes.   This course is a must for managing agents, owners, compliance managers, HUD account executives and PBCAs.  After completing this course, Owners and Agents will have a better understanding of what they can do now, what they can’t do now, and the factors to consider when deciding whether or not to implement some of the HOTMA changes without the new software.  For site staff, this overview will serve as an introduction to HOTMA while they continue to perform HUD Occupancy work in accordance with the 4350.3 until HOTMA is fully implemented. 

After Competing This Course, You Will Have A Basic Understanding Of The Changes HOTMA Will Make To

• Income and Asset Inclusions and Inclusions
• The way we calculate income from assets
• The Section 8 asset restrictions and their impact on applicants and residents
• Deductions and Allowances and HUDs-mandated “hardship exemptions”
• Annual Recertification methodology
• Interim Recertification and tenant reporting requirements
• The Owner’s use of the Enterprise Income Verification System (EIV)
• Verifying Social Security Numbers, The Tenant Selection Plan and more

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.

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