The Housing Opportunity Through Modernization Act (HOTMA) brings exciting updates to HUD’s multifamily housing programs, making them more efficient, transparent, and fair for both housing providers and residents. With streamlined income calculations, modernized asset policies, and simplified recertification processes, HOTMA reduces administrative burdens while ensuring housing assistance reaches those who need it most. For property owners and managers, HOTMA reduces compliance risks, introduces self-certification options for smaller assets, and establishes a de minimis error policy, ensuring minor miscalculations don’t lead to penalties. With a focus on efficiency, HOTMA updates HUD verification processes, including the use of Enterprise Income Verification (EIV), reducing administrative workload. These changes create a more effective and responsive housing system, balancing regulatory oversight with greater flexibility for both housing providers and residents. As HUD continues to roll out updates and guidance, now is the time to prepare, adapt, and take advantage of these improvements to create stronger, more sustainable housing communities. HOTMA is here to bring modernization, opportunity, and growth to affordable housing.
Webinar Objectives
Navigating the changes brought by HOTMA can be overwhelming, with updates to income calculations, asset limits, and recertification processes creating new compliance challenges. Increased administrative burdens, evolving HUD guidance, and the risk of costly errors make it essential for housing professionals to stay informed. Our course simplifies HOTMA’s complex policies with clear, step-by-step guidance on compliance strategies, risk reduction, and best practices for accurate income and asset verification.
Webinar Agenda
- Overview of HOTMA and its significance
- Income Calculation Changes – Understanding exclusions, deductions, and prior-year income rules
- Asset Limits & Ownership Rules – New thresholds, self-certification, and real estate ownership impact
- Recertification & Verification Challenges – Adjusting workflows to meet new rules
- Updating Compliance Policies – Aligning organizational practices with HOTMA
- Streamlining Verification & Recertifications – Using EIV effectively and managing Annual and Interim Re-examinations (AR/IR)
Webinar Highlights
- Understand the Key Changes Under HOTMA and the major modifications to HUD regulations, particularly regarding income determination, asset limitations, and recertifications.
- Identify New Income Exclusions and Deductions by recognizing the types of income that are now excluded from calculations, such as nonrecurring income, trust distributions, and gifts, and explain the revised medical expense deductions.
- Describe the Impact of HOTMA on Asset Calculations by understanding the new rules for net family assets, including imputed asset income, self-certification for assets, and the implications of asset ownership limits.
- Explain Changes to Recertification and Verification Processes by detailing how anticipated and prior-year income is used for recertifications and discuss the new policies on interim recertifications (IR), consent forms, and Enterprise Income Verification (EIV).
- Discuss Implementation and Compliance Requirements for HUD Programs by summarizing the steps that multifamily property owners need to take to comply with HOTMA regulations, including updates to policies, procedures, and required forms.
Who Should Attend
HUD Multifamily funded properties: onsite staff, staff of owners and managing agents, compliance officers
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