Start Date: 12/13/2023 10:00 AM EST
End Date: 12/13/2023 11:30 AM EST
Organization Name:
SAHMA
Contact:
HOTMA: An Overview
(Updated with HUD's
Supplemental Guidance)
Wednesday, December 13, 2023
10:00 - 11:30 am EST
(9:00 - 10:30 am CST)
Webinar Training
Fees:
SAHMA Members: $99
Non-members: $199
Description:
On September 29, HUD issued the long-awaited Supplementary Guidance on the Housing Opportunities Through Modernization Act (HOTMA). By March 31, 2024 Owners must revise their Tenant Selection Plans and EIV Policies and Procedures to comply with HOTMA and make them publicly available. Implementation of the new rules will be required thereafter once the Owner’s software is HOTMA compliant, which is expected to happen sometime the second quarter of 2024. Owners must be fully in compliance by January 1, 2025. HOTMA includes 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 changes will have a ripple effect on other affordable housing programs including Rural Development and the Low Income Housing Tax Credit and HOME programs. Some state agencies have already issued new HOTMA compliant forms and requirements. Find out the most significant changes, how the recent guidance significantly changed and clarified some of HUD’s earlier guidance, and when you will need to start following the new rules.
Programs Covered:
- HUD Programs
- USDA - Rural Development Properties
- Tax Credit Programs
- HOME Programs
Trainer: Gwen Volk, gwen volk INFOCUS, Inc.
This class offers 1.5 hours of continuing education credits
Cancellations: Must be received in writing by end of day 2 business days 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!
Confirmation: 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.
*Space is limited. Registration is on a first come, first serve basis. This webinar is subject to cancellation if minimum number of registrations is not received.
