Gwen Volk’s Bite-Sized HOTMA: Section 8 Asset Restrictions, EIV Changes, New Leases & More

This focused session breaks down key changes under HOTMA that affect eligibility, documentation, and ongoing compliance. We’ll unpack the new Section 8 net cash value cap and owned real estate restrictions, walk through the related admission criteria and owner discretion for current residents, and explain cure opportunities, timelines, and exceptions. You’ll also get the latest on revised forms—including the HUD-50059, HUD-9887, HUD-9887A, and model leases—and what they mean for your operations. Plus, learn new Owner options for EIV use and what the temporary suspension of EIV Income Discrepancy reports really means, how enhanced SSN verification will work, and which Tenant Selection Plan (TSP) topics must be updated to stay in compliance.

Whether you're managing new applicants or navigating lease renewals, this session will help you connect the dots and stay on top of HOTMA's asset and documentation changes.

Learning Objectives

By the end of this session, participants will be able to:

• Explain the new net cash value of assets cap and owned real estate suitability restrictions for Section 8 eligibility.
• Identify updated admission criteria and the owner’s role in determining continued eligibility for current residents.
• Understand cure opportunities, compliance timelines, and applicable exceptions.
• Review how the revised HUD forms (HUD-50059, HUD-9887, HUD-9887A) and model leases will be impacted by HOTMA.
• Understand the Owner’s options for EIV use post HOTMA
• Describe the temporary suspension of EIV Income Discrepancy reports and what to expect moving forward.
• Recognize new verification procedures for Social Security Numbers.
• List the required HOTMA-related updates to Tenant Selection Plans.

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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