Description

Covering HUD Multifamily and LIHTC funded properties -- HOTMA introduces some of the most significant regulatory changes in years, and understanding these updates is critical to maintaining compliance and avoiding costly MOR and regulatory audit findings. This training simplifies the complexities into clear, practical steps, ensuring you’re fully prepared before HOTMA takes effect. We’ll break down the updates into clear, actionable insights to ensure your Tenant Selection Plan and EIV Policies and Procedures are fully compliant before HOTMA takes effect. Avoid costly MOR findings and compliance errors by gaining a thorough understanding of key regulatory changes, including household composition, asset limits, net family assets and the real property rule, deductions, hardship exemptions, income exclusions, and student income calculations. You will learn key areas where HOTMA effects LIHTC properties. You’ll also master the new income calculation methods for Move-In (MI), Annual Recertification (AR), and Interim Recertifications (IR), along with handling de-minimis errors, safe harbor income verifications, streamlined asset and income verification procedures, updated EIV report policies, and revised consent form requirements (9887/9887A). With this comprehensive training, HOTMA compliance will feel seamless—empowering you to implement changes with confidence and accuracy. Don't miss this essential session to stay ahead of the curve!

Why you should Attend

You’ll gain expert guidance on how the new rules impact household composition, asset limits, deductions, income calculations, student income, hardship exemptions, and more. Learn how to properly update your Tenant Selection Plan and EIV Policies and Procedures, use streamlining verification processes, and so much more. By attending, you’ll not only protect your property from compliance risks but also gain the confidence to implement HOTMA changes efficiently. Stay ahead of the curve, reduce errors, and ensure your team is ready to meet HUD’s new requirements with ease. Don't wait—equip yourself with the knowledge and tools you need to succeed!

Areas covered 

• Understand key HOTMA changes, including household composition, asset limits, deductions, new hardship exemptions, income exclusions, and consent form updates (9887/9887A)
• Learn how to update your Tenant Selection Plan and EIV Policies and Procedures to ensure full compliance
• Master the new income calculation methods for Move-In (MI), Annual Recertification (AR), and Interim Recertifications (IR)
• Identify and apply new verification procedures, including safe harbor income verifications and streamlined asset reporting
• Gain clarity on new requirements for EIV report usage
• Learn how to minimize compliance risks, avoid common errors, and prepare for a smoother MOR review process

Who should Attend 

• Staff at HUD Multifamily properties that are responsible for tenant file compliance and execution of day-to-day procedures
• Staff at LIHTC funded that need to understand how HOTMA affects that program
• Staff who review files for compliance
• Manager, Assistant Manager, Leasing Agent, Compliance Officer