HOTMA Essentials: Documenting and Calculating Income & Assets at HUD Properties

Duration: 60 minutes

Speaker: Rhanda McKown

Available On-Demand

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On-Demand Available On-Demand. Watch the webinar recording multiple times for 180 days.	$199
Transcript (PDF) PDF transcript of webinar with handouts will be emailed. Available in 7-10 business days, after Live Event. Never Expires.	$179

ABOUT THE EVENT

Calculating household income and assets correctly remains one of the highest risk areas in HUD Multifamily occupancy compliance, especially as income sources, financial tools, and HUD guidance continue evolving. This webinar provides a practical and operational breakdown of how to properly document, verify, calculate, and annualize income and assets at HUD Multifamily properties, while also addressing HOTMA-related changes and emerging compliance challenges. Participants will review HUD Handbook 4350.3 requirements, verification hierarchies, asset calculations, income inclusions and exclusions, retirement accounts, student financial assistance, gig economy income, payment apps, debit cards, and other increasingly common scenarios not always clearly addressed in traditional HUD guidance. The session also explores how to make defensible compliance decisions when regulations do not provide direct answers and emphasizes the importance of documentation consistency, reasonable judgment, and audit defensibility. This training is designed to help staff strengthen file quality, reduce calculation errors, improve compliance consistency, and better navigate increasingly complex resident financial situations.

Why You Should Attend

Income and asset determination errors remain one of the most common causes of HUD findings, repayment demands, file corrections, MOR deficiencies, and compliance risk exposure. As financial products, payment methods, and household income sources become more complex, many traditional verification and calculation approaches no longer fully address operational reality. This webinar helps owners, agents, and occupancy professionals understand not only what HUD regulations require, but how to apply those requirements consistently and defensibly in real-world situations involving retirement accounts, gig work, fluctuating income, payment apps, student financial assistance, joint assets, debit cards, and HOTMA implementation changes. Participants will leave with stronger operational confidence, clearer calculation strategies, and practical tools for handling difficult or unusual income and asset scenarios.

Areas Covered

Verification hierarchy and acceptable forms of verification under HUD Handbook 4350.3
Calculating earned, unearned, and self-employment income
HOTMA changes affecting income, assets, household composition, and student financial assistance
Retirement accounts, annuities, stocks, mutual funds, and imputed asset income calculations
Treatment of gig economy income, payment apps, debit cards, and emerging financial tools
Assets disposed of for less than fair market value and joint asset ownership rules
Documentation practices, file defensibility, and handling situations not directly addressed in HUD guidance

Who Should Attend

Occupancy Specialists
Compliance Specialists
Property Managers
Regional Managers
Regional Compliance Managers
Certification Specialists
Leasing Staff
Housing Directors
Asset Managers
HUD Multifamily Owners and Agents
New Affordable Housing Staff
Auditors and File Review Staff

Speaker(s)

Rhanda McKown

Rhanda McKown is a seasoned affordable housing professional with over 20 years of experience in the industry. Currently, she serves as Director of Affordable Housing for a non-profit organization covering four states. She spent 15 years working for a Performance Based Contract Administrator (PBCA), where she conducted Management and Occupancy Reviews across Florida and the U.S. Virgin Islands. Rhanda has developed specialized expertise in processing Auto-OCAF rent adjustments, Special Claims, Budget-Based Rent Adjustments, and Contract Renewals. Her background in HUD funded multifamily affordable housing subsidy programs is extensive, with a specialization in properties that follow HUD Handbook 4350.3 for occupancy guidelines. In addition to her technical expertise, Rhanda has a strong track record in building and coordinating educational programs focused on affordable housing. She has also served as the Director of the Affordable Housing Study Commission for Florida, where she played a key role in understanding and reporting on affordable housing policy and statistics in the state. Rhanda’s experience also includes managing the records retention program for a state housing finance agency (HFA), where she was instrumental in developing the agency’s records retention strategy and served as a liaison for the OnBase© software system.

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