HOTMA: Virtual Training
Virtual Training
Wednesday, January 22, 2025
9:00 am - 12:00 pm EST (8:00 am - 11:00 am CST) &
1:00 pm - 4:00 pm EST (12:00 pm - 3:00 pm CST)
&
Thursday, January 23, 2025
9:00 am - 12:00 pm EST (8:00 am - 11:00 am CST)
Fees:
SAHMA Member: $225
Non-members: $325
Agenda:
Day 1
9 am - Noon Instruction
Noon - 1 pm Break
1 pm - 4 pm Instruction
Day 2
9 am - Noon Instruction
Description:
On 7/01/2025 (assuming Owner software is HOTMA compliant) HUD will start enforcing the most comprehensive changes to the way HUD properties determine eligibility and calculate income and rent since 1981 when Congress raised the rent cap from 25% to 30% of Adjusted income. The course will include everything that is known about what, how and when to implement the numerous HOTMA changes (see 6 topics below), helpful resources and tools, so that, whatever the final deadline turns out to be, after completing the course, you will be ready for HOTMA.
- Topic 1: Income and Income from Assets – including fosters not counted in the income limit, new income exclusions, methods of calculation – means tested, streamlined, traditional, student financial aid – new definitions, changes to Section 8 exceptions, how to calculate for both Section 8 and other HUD programs)
- Topic 2: Assets and Income from Assets- including new asset exceptions, asset threshold, non-necessary personal property, and method to calculate income from assets
- Topic 3: The Section 8 Asset cap - including two types, when and how to apply to residents and new applicants, exceptions, owner hardship policies
- Topic 4: Deductions and Allowances - including CPI adjustment, 10% medical and disability “deductible” – new tenants and existing tenant phase-in, owner hardship policies
- Topic 5: Annual Recertification – including new methods to do annuals, owner option for retroactive rent decreases, other issues regarding when rent and HAP increase or decrease
- Topic 6: Interim Recertification – including lease requirements, increases based on 10% change in adjusted income, how to determine, owner option on % change for decreased income, owner option on using EIV, changes and owner options regarding increasing rent when earned income increases
- Topic 7: Miscellaneous – New forms – leases, 50059, 9887 and 9887A, how and when to implement, De minimum errors – impact on owner, impact on tenants, suspension of EIV Income Discrepancy reports, new ways to verify SSN’s.
Learning Objectives:
- Income and Income from Assets
- Assets & Income from Assets
- Section 8 Asset cap
- Deductions and Allowances
- Annual Recertification
- Interim Recertification
Programs Covered:
This course will offer a 9-hour interactive Zoom meeting training session over 2 days. Each participant will receive the Zoom meeting credentials and handout(s) via email the day before the course.
Trainer: Gwen Volk, gwen volk INFOCUS, Inc.
Attendees should be prepared with a computer/laptop (webcam & microphone optional, but preferred for best interactive ability), calculator, pencils and highlighter for the course.
This class offers 9 hours of continuing education credits.
Cancellations: Must be received in writing by end of day 2 business day prior to the event to receive a refund less a $25 fee. After that date, only substitutions may be made. NO SHOWS ARE RESPONSIBLE FOR FULL REGISTRATION FEE!
Confirmations: If you do not receive an email confirmation of your registration, contact the SAHMA office.
Questions: Call SAHMA at 800.745.4088 or email info@sahma.org
Each participant must be registered. The online training credentials received are for the registrant's use only and should not be shared with others.
*Course space is limited. Registration is on a first come, first serve basis. This program is subject to cancellation if minimum number of registrations is not received.
